Hints and tips:
...Gas demand from Europe’s industrial sector was down 24 per cent last year from 2019 levels, according to S&P Global Commodity Insights....
...S&P Global Commodity Insights estimates approximately 6-10 per cent of European industrial gas consumption is gone forever due to demand destruction....
...The Nasdaq Composite recorded its best first half of a year in four decades and is up about 31 per cent year to date, while the S&P 500 has gained about 15 per cent....
...Rating agency S&P said last year that it could lower the bank’s rating “if management — contrary to our expectations — adopts more aggressive financial policies”....
...Futures contracts tracking the blue-chip S&P 500 rose 0.5 per cent today, while the equivalent for the tech-heavy Nasdaq jumped 1 per cent....
...Monday China, Caixin general services purchasing managers’ index (PMI) figures Tuesday Asia, Europe, Global: S&P Global sector PMI figures Eurozone, France, Germany: S&P Global construction PMI figures...
...The UK benchmark NBP wholesale gas price slumped to €10 per megawatt hour on Friday vs €97 for TTF, according to S&P Global Commodity Insights....
...But Samantha Gross, director of the Energy Security and Climate Initiative at The Brookings Institution, said it was “difficult to imagine” a more sustained resurgence of coal....
...Last year the company paid $258.1m in dividends — the most since 1995, according to S&P Global Market Intelligence — and repurchased $329.9m in stock....
...“I think it’s do-able, but a heavy lift,” Samantha Gross, at the Brookings Institution in Washington DC, told ES....
...Moody’s stripped Petrobras of its investment-grade rating in February last year, followed by S&P in September, raising fears that Brazil’s already impoverished government would be forced to offer some form...
...An asset-weighted index of performance has generated 2.3 per cent through November, HFR data show, compared with 3 per cent for a Barclays bond index and 9.8 per cent for the S&P 500....
...equities, shown here through the proxy of the iShares MSCI Brazil exchange traded fund, have been more volatile over the past year than both EM equities in the broad MSCI EM index and US equities in the S&P...
...S&P highlighted Brazil’s “well-established political institutions, broad commitment to policies that maintain economic stability, and its large and diversified economy.”...
...Back to beyondbrics Related reading: Brazil raises interest rates to two-year high, FT S&P cuts Brazil rating to one notch above junk, FT Brazil’s downgrade: parsing the finance ministry, beyondbrics...
...“It’s a bleak scenario,” says Carlos Brando, director of P&A International, the coffee consultancy....
...Asian markets Nikkei 225 down -4.75 (-0.03%) at 17,617 Topix up +0.86 (+0.06%) at 1,410 Hang Seng up +347.53 (+1.50%) at 23,464 US markets S&P 500 up +9.42 (+0.46%) at 2,071 DJIA up +26.65 (+0.15%) at 17,805...
...de Castro Neves at Eurasia Group: Since the government’s biggest fears of forcing Petrobras to accept a very high share of profit oil did not materialize, the sense of urgency to alter the pre-salt E&P...
...As Samantha Pearson wrote last month: Last year, Brazil failed to meet its primary surplus goal, even though it was revised down to 2.3 per cent from 3.1 per cent....
..., beyondbrics Brazil protests: blame Tombini, beyondbrics S&P: an early warning for Brazil, beyondbrics...
...Related reading: S&P cuts outlook on Brazil sovereign rating, FT Brazilian real volatile after tax move, FT Brazil slashes financial transactions tax, FT Confused about Brazil’s currency war?...
...The FTSE All-World share index fell 1.4 per cent – reversing last week’s gains – and by the close in New York the S&P 500 was down 0.74 per cent....
...- Samantha Brick eat your heart out. - China allegory of the day. - The Prophecies of Maestrodamus. - Judge doesn’t believe S&P that no one believed in its ratings. - Further, further reading....
...Petrobras, which carries the second-lowest investment grade rating by S&P, offered three, five, 10 and 30-year fixed debt, as well as three- and five-year floating-rate bonds....
...Not so fast, beyondbrics Shocks combine to knock gloss off Brazil, FT After I.P.O. Drought, Brazil Becomes More Hospitable to Investors, NYT Dealbook Brazil file, beyondbrics...
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