Video Of The Day – CNBC: O’Neill On Markets
Goldman Sachs’s Jim O’Neill on markets…
Archive for April 7th, 2011
U.S. Petroleum Weekly – April 7, 2011
Main development since latest weekly is realization that light sweet Libyan crude can’t really be substituted by Saudi Arabia and market is in short supply.
Additional to Libyan war, we have unrest in Yemen, strikes in Gabon and postponed elections in Nigeria. Combined these three countries produce 2.8 million bbl of light sweet crude per day.
Absent of a stock market crash, crude oil is bound only up.
Daily Reading – Thursday, April 7, 2011
*** FT Alphaville: Portugal to seek EU aid ***
*** FT Alphaville: Deflated inflation expectations ***
*** FT Alphaville: Vix up, look Sharpe* ***
*** FT Alphaville: Vix wagging ***
*** The Slope Of Hope: The Past Three Years of the Silver Bears ***
*** The Slope Of Hope: Breadth Needs a Pause ***
U.S. Initial Jobless Claims At 382.000; Down 10.000
Initial jobless claims in the U.S. were reported at 382.000 vs. 385.000 consensus and last week revised (up 4.000) reading of 392.000.
Four weeks moving mostly unchanged in the last 5 readings.
ECB Raises Benchmark Rate By 25 bps
ECB raised key benchmark rate to 1.25% from 1.00%.