Archives of “October 21, 2021” day

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Japan’s industry ministry warns of tightest electricity supply / demand balance in a decade

  
  Analysis

Japan’s Industry Minister (Ministry of Economy, Trade and Industry) with some positive and not so positive commentary:

  • LNG inventory held held by major utilities as of October 15 was around 2.3 mln tonnes, up 0.7 mln tonnes from yr-ago
  • Says Japan’s electricity supply vs demand this winter is expected to be the tightest in decade
  • on electricity supply for winter, says minimum required reserve ratio of 3% has been secured

Pimco to gradually invest and trade more in cryptocurrencies

  
Analysis, BITCOIN

PIMCO’s chief investment officer spoke in a CNBC interview.

  • “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental side”
  • “So this will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area that’s rapidly growing.”
Pacific Investment Management Company (PIMCO) is a US firm that manages circa US$1.9 trillion in assets
BTC has been on a rip:
PIMCO's chief investment officer spoke in a CNBC interview. 
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