In today’s briefing:
- Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels
- The Weekly Market Monitor – The 34-Year Wait Is Over!
- India Politics: Opposition Coalition Fractures, Boosting Modi’s Chances
- Singapore CPI Inflation 2.9% y-o-y (consensus 3.8%) in Jan-24
- CX Daily: Caught Between Beijing and Washington, PE Majors Split China-U.S. Teams
Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels
- US commercial crude inventory buildup slows down and comes below analyst estimates.
- US oil rig count is anticipated to remain flat in 2024 and crude production is expected to slightly pick up due to better productivity.
- Demand is expected to rise in the near term as US refineries may start increasing utilisation rates given forecasts of warmer weather.
The Weekly Market Monitor – The 34-Year Wait Is Over!
- First, Japan entered a recession, and a week later, the Nikkei hit an all-time high after 34 years. Any idea why this is?
- The Institute of International Finance (IIF) has updated its global debt chart. Be aware that it does NOT show the true underlying trend.
- You are only allowed to trade Chinese equities if you are going to buy them. China will have a serious long-term issue in attracting fresh capital.
India Politics: Opposition Coalition Fractures, Boosting Modi’s Chances
- The opposition INDIA coalition is facing severe setbacks in their efforts to form a united front against prime minister Modi and the ruling BJP.
- While the BJP was always the favourite to win the next elections, the fragmentation of opposition forces opened a wider path for a landslide majority win.
- How Modi uses his political capital in such an event will be pivotal to whether India can take advantage of its current position in the world.
Singapore CPI Inflation 2.9% y-o-y (consensus 3.8%) in Jan-24
- Singapore’s CPI inflation rate in January 2024 dropped to 2.9% year-on-year from 3.7%, which is significantly lower than the predicted slight increase to 3.8%.
- The current inflation rate is 1.62 percentage points below the one-year average, suggesting a period of reduced price pressures.
- Most of the decrease was observed in the core inflation rate.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
CX Daily: Caught Between Beijing and Washington, PE Majors Split China-U.S. Teams
- PE /In Depth: Caught between Beijing and Washington, PE majors split China-U.S. teams
- China-India /: China, India militaries to ‘turn the page’ on border issues
- HSBC /: HSBC takes $3 billion charge on BoCom holdings
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