2025-03-13 06:30:00
THEMATIC MARKETS: RATIONAL EXUBERANCE
The week started like a Black Monday with so much uncertainty and volatility within several asset classes and unprecedented sell offs.Rethinks of 50% chance of May rate cuts by the FED have been streaming in showing the extensive velocity of Markets and its participants.Treasury rallies extended with the goosebumps on sentiment.Question is,is this Rationale Exuberance?
We have also seen a week of Nasdaq treading on correction zone and the push back towards its trading range amid recession jitters.Mag7 stocks on the brink of correction territory. Defensive sectors have been holding up this year: Staples’ drawdown from its ATH is 2% and Health Care just 4% below its record; in contrast, both Cons Disc and Tech are in correction territory, with drawdowns of 16% and 11%, respectively.
Some of the key events of the week are : US-Ukraine ministers meeting in Jeddah,Saudi Arabia also Greenland elections on the radar.
Euro climbs to 1.0864(+0.22%) after hopeful defence deal this week.More specificity on green infrastructure is a key aspect.
Moves up higher on Yields is a probable move to follow.
On the Crypto space,we have seen Bitcoin down about 25% YTD.Risk assets also remain under pressure amid the tariff tensions and geopolitics shown after the formation of a Crypto reserve.
OIL Markets have been experiencing dehorning by the bears with the benchmark BRENT trading at $69.45/bbl and WTI Crude trading at $66.12/bbl.
We have seen a short squeeze on Natural Gas to $4.34/mmBtu pricing as plays within the COTs Reports have had sluggish skewness pushing prices higher currently at $4.50/mmBtu.Tread cautiously as this is thin ice.
Metals have been active specifically Gold Markets showing $2900/oz line in the sand for couple of days as traders weigh on the potential move either towards the lower MAs or a break and March towards the ATHs(AllTimeHighs).
We are on the confluence price points hence one should have their ducks in a row.
Overgrowing demand for data centres to facilitate AI projects have been significant.Coreweave inks $11.9B deal with OpenAI.
Potential growth requires boldness and these are the moves that require immense infrastructure to power AI Demand which is in line with global sustainability energy thresholds.
Trajectory of data centers in Europe remains strong with extensive energy provisions however there is a thin line between sustainability and restrictional red tapes from optimization of technology and design being key variables.
Friends, the waters are murky but Oars can serve you're purpose if things are done diligently.
Uncertainity is the only thing certain.Many blessings from the desk.
Andy Warr,
TophatFinanceGroup.
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Earlier:
2025, March, 7, 06:40:00
RUSSIAN GAS FOR EUROPE
While pipeline gas supplies from Russia cover less than 5% of Europe’s fuel needs after most major routes have been closed since 2022, the nation remains the second largest supplier of LNG to the EU. Purchases hit a record last year, with Spain, France and Belgium being the biggest buyers.
2025, March, 7, 06:35:00
RUSSIAN FUEL EXPORTS UP
Russian oil products exports remain resilient with volumes climbing last month to the highest in a year, despite repeated drone strikes against the country’s refining operations.
2025, February, 27, 07:00:00
OIL PRICE: BRENT NEAR $73, WTI NEAR $69
Brent rose 24 cents or 0.33% to $72.77 a barrel, WTI were up 18 cents or 0.26% at $68.80 per barrel.
2025, February, 27, 06:35:00
UKRAINE NEED GAS
Last year, Ukraine received 724 million cubic meters of gas from abroad, according to estimates from ExPro Consulting in Kyiv. About a third of that was later re-exported to western neighbors, which used the nation’s storage sites.
2025, February, 20, 06:45:00
BRAZIL, OPEC COOPERATION
OPEC welcomes the decision approved today by the National Energy Council of the Federative Republic of Brazil (CNPE) that formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation (CoC) between oil producing countries.
2025, February, 13, 06:47:00
GLOBAL COMMODITIES: THROWING JAVELINS
Global Energy Complex is still on positive gyrations with twists and turns within the ebbs and flows,Global Oil maintaining the low 70s support zone with jitters of breaks when you look at historical inventories data.
2025, February, 13, 06:25:00
INDIA'S LNG IMPORTS WILL DOUBLE
Demand for the super-cooled fuel from the world’s fourth-largest buyer will rise to an annual 64 billion cubic meters by 2030, up from 36 billion last year, according to the IEA’s latest report on the Indian gas market, published on Wednesday.
2025, February, 7, 06:50:00
OPEC + RUSSIA: HIGH CONFORMITY
The JMMC reviewed the crude oil production data for the months of November and December 2024 and noted the high overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC). The improved conformity further reaffirms the DoC countries’ shared objectives of unity and cohesion.