In today’s briefing:
- Increase in Trading of Inverse ETFs in Korea Post Temporary Ban on Stocks Short Selling
- EIA Watch: September Weakness Was Fake News. Time to Buy Oil?
- CX Daily: Big Tech Is Changing in China, and So Are Its Hiring Plans
- US Policy Watch: No Shutdown but Are We Out of the Woods Yet?
Increase in Trading of Inverse ETFs in Korea Post Temporary Ban on Stocks Short Selling
- In this insight, we discuss the increase in trading of inverse ETFs in Korea post the temporary ban on stock short selling.
- From 6th to 14th November, individual investors made net purchases of 46 inverse ETFs worth 3.7 trillion won. Local institutions also made net purchases of 1.6 trillion won.
- On the other hand, foreigners net sold 5.8 trillion won worth of inverse ETFs.
EIA Watch: September Weakness Was Fake News. Time to Buy Oil?
- Welcome back to our weekly EIA report, where we run through demand and supply data and give our cents on where we are heading next – and what the implications are for energy markets.
- As always we present the main conclusions up-front: 1) Oil demand will likely come in hot in November on the back of strong gasoline demand in October due to the lags in energy markets (Gasoline leads oil – not the other way around).
- 2) Gasoline numbers in September were likely just a data-glimpse, as no high-frequent data series seem to agree with the narrative that demand for fuel is dropping.
CX Daily: Big Tech Is Changing in China, and So Are Its Hiring Plans
- Jobs / In Depth: Big tech is changing in China, and so are its hiring plans\
- China-U.S. /: China, U.S. agree to boost climate cooperation ahead of leaders’ meeting
Credit rating /: Central bank pushes fintech companies to jump into credit rating
US Policy Watch: No Shutdown but Are We Out of the Woods Yet?
- The U.S. House of Representatives has approved a short-term extension of the FY-2023 budget 3 days before the government was scheduled to shut down.
- The so-called Continuing Resolution (CR) was passed in a 336-95 vote.
- Two Democrats — Reps. Jake Auchincloss (Mass.) and Mike Quigley (Ill.) — and 93 Republicans opposed the bill.
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