Senior Reporter @BusinessInsider / I write 10 Things Before the Opening Bell (2.4M subs) / @USCAnnenberg alum / Author of LIFE BETWEEN MOMENTS: New York Stories
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Sep 18, 2022 • 9 tweets • 4 min read
1/ China's economic slowdown is rippling through global markets - here are the winners and losers of the downturn.📊📉
markets.businessinsider.com/news/commoditi…2/ According to Bank of America, China is facing headwinds that will set the tone for the US, Europe and Latin America as they respond to currency and commodities markets.📊
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2/⚡️Russia's cuts to natural gas supplies to Europe have raised fears of a "Lehman Brothers moment" for the energy sector, but analysts point to key differences from the bankruptcy that sparked the '08 financial crash.📊
markets.businessinsider.com/news/commoditi…2/ Declining water levels on the Rhine River due to a drought in Europe have left German power producers warning of lower output amid coal supply snags, according to a Bloomberg report.🚢📉
1/ US wholesale gas prices dropped to their lowest point since before Russia's invasion of Ukraine - but prices at the pump remain 21% higher than last year⛽
1/🪵LUMBER prices are set for a shakeup as a new type of futures contracts rolls out - and a top broker (@LumberTrading) says trading volume could soar 10x📊
markets.businessinsider.com/news/commoditi…2/ Lumber prices have been on a wild ride in the last few years, but they could soon get less volatile, even with trading volume set to soar.📊🪵
1/💵Cheaper oil and gas won't prevent a 75-basis-point hike as inflation runs rampant — and the Fed might get even more aggressive than that, BofA says📊
markets.businessinsider.com/news/stocks/ga…2/ Even as energy prices trend down from recent highs, Bank of America still expects the Federal Reserve to make a 75-basis-point rate hike at the next FOMC meeting, analysts said in a Friday note.⚡️
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2/📉German energy giant Uniper has been forced to tap into its emergency supplies before the winter season after Russia's Gazprom shut off natural gas deliveries to the country.
markets.businessinsider.com/news/bonds/fed…2/ On Thursday, Traders scrambled to price in odds of a 100-basis-point rate hike this month following June's hot inflation reading.📊
markets.businessinsider.com/news/commoditi…2/ Since President Joe Biden announced the release of oil from the Strategic Petroleum Reserve to try to tame high gasoline prices, the US has sent more crude to other countries.🚨
1/🚨Bank of America issued a new warning today: A deep recession is needed to bring down soaring inflation, and high prices are going to be extremely sticky.😳
markets.businessinsider.com/news/stocks/re…2/ In a Friday note, the bank's analysts noted that market pricing implies that inflation will fall to or below the 2% target in about two years, but the economy will need to see a severe downturn to achieve that.📉
markets.businessinsider.com/news/commoditi…2/ European countries are snapping up huge amounts of liquified natural gas as they seek alternatives to Russian energy amid war in Ukraine, but developing nations have struggled to keep apace.🛢
markets.businessinsider.com/news/commoditi…2/ China lowered the fuel export quota by 40% for its refiners compared to the same time last year, Bloomberg reported Wednesday.📉
markets.businessinsider.com/news/commoditi…2/ Japan recently proposed a price cap on Russian oil, but former Russian President Dmitry Medvedev said Tuesday it could send prices above $300 to $400 a barrel.
markets.businessinsider.com/news/commoditi…2/ US gas prices have skyrocketed in 2022, but markets have eased over the last few weeks even amid the summer driving season and the ongoing war in Ukraine.🛢
markets.businessinsider.com/news/commoditi…2/ Copper prices fell as much as 2.3% Tuesday to $7,825 a ton on the London Metal Exchange — its lowest mark since February 2021.🐻
markets.businessinsider.com/news/stocks/st…2/ Stocks face more downside risk as earnings come under renewed pressure and traders and investors are eyeing alternative investments, Goldman Sachs analysts wrote Thursday. (@MktsInsider)
1/📊 Oil prices could crater all the way to $75 a barrel if a recession hits — or surge to $150 if EU sanctions slam Russian supplies, Bank of America says.🛢
