Does sustainable investing have a future in the U.S. market? Part 2
In the second practical part of this blog series, we take a closer look at strategies that seek opportunities in the low-carbon transition.
UK Factory Price Expectations Fall to Lowest since Mar 2021
LONDON, March 22 Reuters A gauge of British manufacturers39; inflation expectations fell to its lowest in two years after output slid again in the three months to March, the Confederation of British Industry39;s CBIsaid on Wednesday. The CBI39;s gauge of expected selling prices fell to 25 in March, the lowest since March 2021 and down […]
Europes Real Estate Sector Knocked by Rate Hike Expectations
LONDON, March 22 Reuters Europe39;s STOXX real estate sector fell to a fivemonth low on Wednesday amid expectations both the Federal Reserve and Bank of England BoE will raise interest rates this week. Tightening financial conditions are set to weigh further on the battered sector, which sharply underperformed the panEuropean STOXX 600 index on Wednesday. The real […]
UK Inflation SuckerPunches the BoE, while Pound Bulls Cheer
LONDON, March 22 Reuters Bank of England policymakers will not have looked at Wednesday39;s inflation data with the same enthusiasm as sterling traders, who took advantage of a shock jump to push the pound up, confident that a rate hike this week is now a done deal. British consumer price inflation CPI rose to 10.4 […]
Oil Spills and near Misses more Ghost Tankers Ship Sanctioned Fuel
Risk of accidents in focus as 39;shadow39; fleet grows Stirs fears of oil spills, decades after Exxon Valdez Hundreds of ships carry oil from sanctioned nations Many ship certifiers and insurers have pulled services LONDON, March 23 Reuters An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in […]
S&P 500 Sinks After Powell Speech and Yellen Testimony, Will US Dollar Rebound?
The S&P 500 sank 1.6% in the aftermath of Jerome Powell’s press conference and testimony from Janet Yellen. Risk aversion seems in the cards, will the US Dollar pull ahead?
Oil Slips on Surprise US Inventory Build; Fed Rate Decision Eyed
Brent down 0.73, WTI futures down about 0.85 U.S. crude stocks up 3.3 mln barrels last week API Uncertainty over Fed rate decision driving pricing ING Bank BEIJING, March 22 Reuters Oil slipped in Asian trade on Wednesday, after two straight days of gains, as an industry report showed U.S. crude inventories rose unexpectedly last […]
Syngenta 4Q Profit Falls as Raw Material Prices Increase
ZURICH, March 22 Reuters Swiss agrichemicals and seeds group Syngenta on Wednesday reported a 25 drop in fourth quarter earnings due to higher raw materials and energy costs. Syngenta, which plans to list within the next few months, also spent more on reorganising its business and set cash aside to cover macroeconomic uncertainties such as […]
UK Commercial Property Values to Fall more Slowly in Q2 RIB
LONDON, March 21 Reuters Falls in British commercial property values are expected to slow in the coming months as the economy improves but high inflation and interest rates will continue to weigh on the sector, an industry survey showed on Tuesday. Real estate firm Robert Irving Burns RIB forecast a 1.6 drop in sales prices […]
Hedge Funds Eye Opportunities in CutPrice Credit Suisse AT1s
LONDON, March 21 Reuters Distressed debt investors and large hedge funds are buying up Credit Suisse additional tier1 bonds at rockbottom prices after they were written down to zero in the Swiss bank39;s rescue by crosstown rival UBS. Under the UBS deal, the Swiss regulator determined that Credit Suisse39;s AT1 bonds with a notional value of […]