Market Pulse - Commodities
Euro area CPI shoots past forecasts in October, energy main culprit
The cost of living in the Eurozone jumped past economists' forecasts in October on the back of nearly across-the-board gains in prices.
Putin tells Gazprom to begin refilling its European natural gas storage sites
Russia's energy minister ordered the country's state-owned gas giant to increase shipments to its storage facilities in Europe.
US activist investor calls for break up of Royal Dutch Shell
Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
German import prices rise at their fastest pace since second oil price crisis
German import prices rose at their fastest clip since the second oil price crisis of 1981 in September.
Asia close: Stocks buoyed by record highs on Wall Street, Chinese names dragged lower by talk of property taxes
It was a mostly risk-on session for Asia Pacific stocks on Tuesday, with investor sentiment buoyed by fresh record highs overnight for the Dow Jones Industrials and S&P 500.
Citi sticks with 'short gold' as appropriate pain trade over medium-term
Analysts at Citi still think short gold is the appropriate 'pain trade' over the medium-term, despite "tangible" upside risks to their fourth quarter 2021 average spot price forecast of $1,700/oz.
Euro area business activity hits six-month low, IHS Markit says
Economic activity in the single currency bloc got off to a slow start in the fourth quarter, amid increasing supply bottlenecks and ongoing Covid-19 worries, the results of a closely-followed survey revealed.
Brazilian gas demand soars, stoking global energy crisis
The severe drought hitting Brazil has resulted in soaring demand for natural gas to generate electricity, feeding the global gas shortage.
ITM Power slumps after discounted share placing
Energy storage and clean fuel specialist ITM Power's placing of new shares was oversubscribed.
Diversified Energy shares plummet on methane leaks report
Shares in Diversified Energy tumbled 21% on Tuesday, after it was reported that some of its aging gas wells were leaking methane.
Morgan Stanley hikes targets for European oil majors, highlights outlook for Shell
Morgan Stanley hiked its target prices for European oil majors' shares, telling clients that they were set to generate "high" levels of free cash flow, deleverage their balance sheets "fast" and in turn to increase their shareholder distributions.
BoA raises short-term UK CPI forecasts
Economists at Bank of America bumped up their consumer price forecasts for the UK on the back of the recent jump in energy quotes although they still assumed that inflation would dip below Bank's 2. 0% target in April 2023 temporarily.
Russia to boost gas supplies to Europe - report
Russia is to set to boost gas supplies to Europe amid soaring wholesale prices, it was reported on Wednesday.
Brent jumps as OPEC+ surprises, stands pat on output
Crude oil futures hit seven-year highs after OPEC+ nixed talks of a supply increase at their ministerial meeting.
RBC expects 'robust' SSE cashflows on the back of higher power prices
Analysts at RBC hiked their target price for shares of SSE on the back of higher commodity prices.