1023 days ago
Gas is becoming so scarce in Europe that coal is making a comeback. Coal usage on the continent jumped 10% to 15% this year after a longer than usual winter which left gas storages depleted. The return of coal is a real setback for the EU, which is one of the leader in the fight for the climate.
1023 days ago
Japan's exports surged by 50% from last May's dismal levels. A record jump in shipment to the US and Europe is helping boost the economy, an economy still fighting off the virus at home. Shipments of cars and auto parts have more than doubled even though there is a semiconductor shortage. Economists warned that data gives an inflated view of the strength of Japan's exports because they compare to a terrible 2020 year.
1024 days ago
According to the Financial Times, capital-heavy companies are seeing four structural themes. 1) investment in ''reshoring'' 2) shift from investment in information to infrastructure 3) developing climate-transition technologies 4) investing in technologies needed to secure geopolitical leadership. The following graphic shows that capital expenditure (capex
1024 days ago
US gasoline prices are at their highest level since 2014, according to AAA News. This can potentially be explained by a shock between supply and demand, where there are too few oil barrels to supply the many cars that are back on the road.
1024 days ago
The European Union will offer nearly $1 trillion of debt over the course of 5 years to finance the pandemic recovery. It started by opening 10-year bonds as part of the NextGeneration program which will finance loans for member states. The bond prices are expected to come out today, and should be one basis point above the mid swaps. The size of the sale should be a little over $12 billion.
