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Mar 2 4 tweets 3 min read
Shanghai INE crude oil futures open 4.5% higher in night to 678 yuan/ton, low sulfur fuel oil futures up 2.8% #Shanghai #OOTT
China's most active thermal coal futures extend gains to 3.5% in early night session despite DEC margin requirements hikes.
#China #coal #CoalTwitter
Shanghai INE crude oil futures surge 6.6% to 691.6 yuan/ton, low sulfur fuel oil futures up 3.3%. #Shanghai #OOTT Image
China's most-traded thermal coal futures gain almost 5% in night, coke and coking coal futures up about 1.9%
#China #coal #CoalTwitter #coke

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More from @Sino_Market

Mar 5
🇨🇳Key takeaways of 2022 #China Government Work Report:
🔸2022 GDP growth target at about 5.5%
🔸2022 CPI growth target at about 3%
🔸Budget deficit at 2.8% of GDP vs 3.2% 2021
🔸Add 11 million urban jobs in 2022 vs 11 mln 2021.
🔸Plans 3.65 tln yuan special gov bond sales
1/n
🔸2022 surveyed jobless rate at within 5.5%
🔸Ensure grain and energy securities
🔸Strengthen prudent monetary policy #PBOC
🔸Tax cut and rebate at 2.5 tln yuan
🔸To use reserves policy tools in time
🔸To stabilize land and home price
🔸Yuan to be kept basically stable $CNY
2/n
🔸Maintains current wording on monetary and fiscal policies
🔸To set up a financial stability guarantee fund
🔸More than 2 trillion yuan of fiscal spending in 2022 vs 2021
🔸To ensure supply chain safe and stable
🔸Risks and challenges for development rise significantly
3/n 🇨🇳
Read 7 tweets
Mar 4
Fed's Evans: Jobs numbers have been quite good for some time. Labor market is in a very solid position. There is a tremendous amount of uncertainty regarding Russia and Ukraine.
#Fed $USD #NFP
FED'S EVANS: JOBS REPORT DOESN'T REALLY CHANGE ANYTHING THAT FED CHAIR POWELL IS POSITIONING FOR.
#Fed $USD #NFP
Fed's Evans: Need to be close enough to neutral by the end of the year so that we can deal adequately with inflation.
#Fed $USD
Read 5 tweets
Mar 4
US stock indices futures trim some losses after NFP report, S&P 500 futures last down 0.5%, Nasdaq futures down 0.2%.
$USD $SPX $DJI $IXIC #NFP
Spot #gold rises some $2 after #NFP report to trade at $1,945.75/oz. $XAU
US Dollar Index pares some losses to trade at 98.54. $USD $DXY
Read 4 tweets
Mar 4
U.S. Feb. Nonfarm Payrolls: 678K, [Est. 400K, Prev. 481K]
U.S. Feb. Unemployment Rate: 3.8%, [Est. 3.9%, Prev. 4.0%]
#US #NFP #Nonfarm #Unemployment
U.S. Feb. nonfarm payrolls change highest since July 2021, unemployment rate lowest since Feb 2020.
#US #NFP #Nonfarm #Unemployment
Job growth was widespread, led by gains in leisure and hospitality, professional and business services, health care, and construction.
#US #NFP #Nonfarm #Unemployment
Read 4 tweets
Mar 4
British wholesale gas contract for April rises 30% to record 455.04 pence/therm.
#ONGT #natgas
Dutch wholesale gas contract for day-ahead delivery rises 21.7% to record high 188 euros/MWh.
#ONGT #natgas
European natural gas futures rise to record 200 euros/MWh.
#ONGT #natgas
Read 5 tweets
Mar 4
Euro falls below 1.10 against US dollar, first since May 2020. $EUR $USD
Bloomberg dollar index extends gain to highest since July 2020.
$USD $EUR $GBP $JPY
US Dollar Index up 0.5% to 98.227. $USD
Read 8 tweets

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