• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Marketmind: Watch those spiralling gas prices

September 20, 2021 by David Barret Leave a Comment

September 20, 2021

A look at the day ahead from Sujata Rao.

A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own rate rises remain distant. Others such as Switzerland and Japan are likely to stay resolutely dovish.

In the meantime, other sagas are focusing investors’ minds. Chinese property developer Evergrande’s inexorable journey towards default is pummelling Hong Kong stocks (mainland markets are shut) and has taken yields on Chinese junk bonds to 14%, the highest in almost a decade.

So it’s a firmly risk-off on Monday with European and U.S. equity futures down 1%, following Friday’s dismal session when the S&P 500 plunged nearly to one-month lows and the VIX volatility gauge surged to a one-month high.

Much of that is, of course, down to concerns for economic growth and inflation, the debt ceiling wrangling in Congress and persistently high COVID caseloads.

Which takes us to the other issue of the day — spiralling gas prices and the potential impact on inflation.

Already, these have forced some power producers out of business and shut fertiliser plants in Britain. Knock-on effects look inevitable, on sectors ranging from slaughter houses to supermarkets, alongside higher winter heating bills.

Pressure is growing on authorities — Britain is planning measures to shield businesses and consumers and U.S. manufacturers are urging curbs on liquid gas (LNG) exports. Politics enters the picture too — EU lawmakers have demanded authorities probe Russia’s Gazprom for market manipulation.

British wholesale gas prices soar https://ift.tt/3EC2flu

(Reporting by Sujata Rao)

Source Link Marketmind: Watch those spiralling gas prices

David Barret
David Barret

Related posts:

  1. Qualcomm says it will supply chip for new Renault electric vehicle
  2. China’s Liu He says support for private business has not changed
  3. New Lebanon cabinet lifts petrol price, signs audit deal
  4. The value of software revenue may have finally stopped rising

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Is It True Earth Used To Take 420 Days To Orbit The Sun?
  • One Of The Ocean’s “Most Valuable Habitats” Grows The Only Flowers Known To Bloom In Seawater
  • World’s Largest Digital Camera Snaps 2,104 New Asteroids In 10 Hours, Mice With 2 Dads Father Their Own Offspring, And Much More This Week
  • Simplest Explanation For “Anomalous” Signals Coming From Underneath Antarctica Ruled Out
  • “Lizard Shampoo” And Pagan Texts Suggest “Dark Age” Medicine Wasn’t So Dark After All
  • Japanese Macaques May Mourn Their Dead – As Long As They’re Not Maggot-Infested
  • This Is What You’d Hear If You Listened To Voyager’s Golden Record NASA Sent To Interstellar Space
  • RFK Jr’s New Vaccine Advisors Just Recommended Fall Flu Vaccines – But There’s A Catch
  • Controversial World-First Project To Create Human DNA From Scratch Takes First Steps
  • Humans Weren’t The First Species To Travel Around The Moon. They Lost This Race To An Unexpected Animal
  • When You Hack A Shark, You’re Exploiting A Glitch Billions Of Years In The Making
  • Wellness Whales, A New Blood Type, And A DJ Set From Space
  • Hate Flying Ants? We Used To Have Ones The Size Of Hummingbirds
  • ‘Tis The Season To See Titan Cast A Shadow On Saturn – Especially If You Are In America
  • World’s Bravest Vets Put Full Metal Dental Crown On A Bear For The First Time
  • “Spider Rain”: The Bizarre Phenomenon That’ll Send Arachnophobes Into A Spin
  • Scientists Gave Mice A Human “Language Gene” And Something Curious Unfolded
  • Surveillance Of People Is More “Pervasive And Normalised” Than Previously Thought, Endangering Our Privacy
  • US Sees 90 Percent Drop In Heart Attack Deaths Over Last 50 Years
  • Is A Cat Poop Parasite Decapitating Human Sperm Contributing To Rising Infertility?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version