Oil prices decline due to Fed maintain current rates
Oil prices declined due to investors’ cautious approach ahead of central bank meetings and global economic indicators. Both benchmark indices increased by 3% following Israel’s ground assault on Gaza, but contracts incurred significant losses. Traders are monitoring Middle East developments, but a significant escalation is needed for price increase. Apprehension is expressed ahead of the…
The Fed would hold rates again ?
The Federal Reserve is expected to maintain interest rates at their current level in its policy determination, despite the possibility of future rate increases if necessary. Federal Reserve Chair Jerome Powell aims to adopt a neutral stance, as the central bank has made significant progress in implementing its monetary policy tightening measures. In September, the…
Oil and gas prices will gone up if the war expanding
The oil and gas markets are expected to experience another week of instability due to Israel’s ground assault on Gaza. The primary concern is the potential escalation involving other regional nations, as the Middle East region is responsible for around one-third of the global oil supply. Iran, known for its support of Hamas and other…
Bonds issuance will become investor last choice
Investors are focusing on the upcoming quarterly refunding announcement from the Treasury Department, as the financial industry prepares for another surprise regarding the magnitude of US debt. The announcement will outline bond issuance strategies for the next three months, following concerns about the bond market’s capacity for acquiring additional Treasurys. The release is attracting increased…
Regional bank issues comes from bad debts
Regional banks in the US experienced lending problems in Q3 due to increased nonperforming loans and mounting costs from unpaid debts written off as losses. Out of 18 banks, 15 reported jumps in nonperforming loans and charge-offs compared to the same period in 2022. The KBW Nasdaq Bank Index fell by 2.3%, reaching a level…
Oil prices may fall if energy transition start
National oil corporations (NOCs) have made significant progress in enhancing their ability to withstand future oil price downturns due to substantial cash flows and profits. However, many face challenges in sustainability and ESG indicators due to governance concerns, inadequate disclosures, and the absence of Scope 3 emission objectives. Energy consultancy Wood Mackenzie has incorporated eight…
Gold has found its way back to $2.000 per ounce
Gold prices have surged, surpassing $2,000 per ounce for the first time since May due to heightened apprehensions of violence in the Middle East. Spot gold prices increased by up to 1.2% following Israel’s military announcement about Gaza expansion, reaching their largest monthly gain since July 2020. Bullion prices gained almost 9% following the Hamas…
Another hiking interest rates will bring an increase in long term debt
The Consumer Financial Protection Bureau (CFPB) has observed a significant increase in credit card debts in 2022, with the mean debt held by cardholders reaching $5,288. This represents a 24% increase from the previous year’s minimum and is comparable to those observed in late 2019. The highest levels of debt were found among cardholders with…