Monthly Archives: October 2022
Europe Has Almost Enough Gas for Winter, But IEA is Worrying About 2023
Written on October 10, 2022 at 4:31 am, by lishitong
The International Energy Agency’s (IEA) executive director, Fatih Birol, has said that 90% of gas storage was full in Europe, and that bar surprises, Europe can get through the winter. 2023, however, remains in question because 2022 still saw some Russian gas being imported, as well as lower demand from China due to “sluggish economicContinue Reading
Outsized ADP Nonfarm Employment Fizzles Stock Rally give back
Written on October 6, 2022 at 3:38 am, by lishitong
On Wednesday evening (GMT+3), the US ADP Nonfarm Employment data was released, clocking in at 208,000 jobs added, better than the 200,000 forecasted and August’s 185,000. While the manufacturing, natural resources, and mining industries reported a loss of 29,000 positions, huge additions in the trade, transportation, utilities; and business and professional services sectors more thanContinue Reading
Bank of English Stages Emergency Bond Buying as Pound Plunges
Written on October 3, 2022 at 4:43 am, by lishitong
Bank of English Stages Emergency Bond Buying as Pound Plunges The Bank of England, UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability” after the pound went into free fall after new prime minister Liz Truss announced tax cuts and other spendingContinue Reading
