March 09 (Wednesday)
Latest Morning Briefing Executive Summary: Commodities Go Limit Up
Is China’s President Xi able to stop Putin’s War? With high stakes for both China’s economy and its reputation on the world stage, he has every reason to try. The Dragon must restrain the Bear. … The CRB raw industrials spot price index typically peaks and troughs in lockstep with business cycles. This time is different: The CRB’s vertical ascent reflects not booming global demand as usual but looming supply crunches. … And: Blocking Russian exports from global markets will mean painful supply constraints for the rest of the world, not only of oil and gas but also of metals and agricultural products.
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YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on March 7.
Markets
Stocks Finish Lower as Oil Rises on Russian Oil Ban | W
Global shares fall, oil rises in volatile trading after Russia oil ban | R
Crude oil jumps as much as 7% on U.S. ban of Russian imports, but trades off session highs | C
Why Is Gas So Expensive? Ukraine-Russia War Sparks Price Increases Across U.S. | W
Nickel price surge could threaten automakers’ EV plans | C
Global
Hundreds of Ships Trapped by Ukraine War, Endangering Sailors and Global Trade | W
US
Higher Vehicle, Energy Imports Push January U.S. Trade Deficit to New Record | W
Will Your Rent Keep Skyrocketing? Not If This Billionaire Is Right | FO
Ukraine War I
Fighting in Ukraine Forces Two Million to Flee as Russia Presses Offensive | W
Biden Bans Imports of Russian Oil, Natural Gas | W
How the EU plans to cut dependence on Russian gas by 67% this year | C
Russian Oil Embargo Pushes OPEC to Take Sides | W
Ukraine War II
China’s Xi calls for ‘maximum restraint’ in Ukraine | R
U.S. Sanctions Can’t Keep China From Buying Russian Oil | OilPrice.com
Shell, BP to Withdraw From Russian Oil, Gas | W
Big brands and oil ban punish Russia as Moscow makes new pledge on Ukraine refugees | R
Coca-Cola, McDonald’s, Pepsi and Starbucks suspend business in Russia | C
Sovereign wealth funds likely to shun Russia, researcher says | R
Geopolitics & trade
North Korea Restarts Work at Nuclear Testing Site, Report Says | W
Industries & companies
Financials: Visa, Mastercard Prepare to Raise Credit-Card Fees | W
Retail: Amazon turns grocery-picking gig workers into Whole Foods employees | C
Shipping: XPO Logistics will focus only on trucking, will spin off, sell other units | C
Corporate finance
Alphabet CFO Ruth Porat explains $5.4 billion Mandiant deal | C
Virus
Why American Mask Makers Are Going Out of Business | N
