- UK FTSE 100 -0.4%
- German DAX -2.1%
- French CAC -2.2%
- Spain IBEX -1.2%
- Italy MIB -1.6%
Meanwhile in Russia:
- MOEX index -10.5%
- RTS index -13.2%
This isn’t a great look for German stocks.
Archives of “February 21, 2022” day
rssSaudi Aramco CEO says there is no adequate investment in the oil sector
- Regulators, policymakers need to support more investment in the sector
- Otherwise, we will face major problems
- There is no adequate investment in the sector
- Today’s investment is not adequate to sustain global demand in short to medium-term
- Close to reaching pre-pandemic level in terms of supply
- Sees pick up in demand in the rest of the world
- Spare capacity today is very low and it is declining fast
Biden has prepared initial package of sanctions against Russia
Sanctions against Russia in the pack include:
- barring U.S. financial institutions from processing transactions for major Russian banks
- thereby cutting the “correspondent” banking relationships between targeted Russian banks and U.S. banks that enable international payments
- sanctioning tool against certain Russian individuals and companies by placing them on the Specially Designated Nationals (SDN) list, effectively kicking them out of the U.S. banking system, banning their trade with Americans and freezing their U.S. assets
Reuters cite 3 unnamed sources, the White House and Treasury Department declined to comment.
When to sell a winner!!
Macron and Putin held a second hour-long phone call
Macron spoke with Putin over the weekend.
Now news dribbling out he had another phone call with him – for an hour +.
Not too get too excited but this is an interesting development – likely to be a positive development … but, of course, we’ll see.
Maybe it was just:
“You hang up first! “
“No, you hang up first!”
that took up the hour?
OPEC & oil comments out of UAE, Saudi Arabia, Iraq
- Arab oil nations met and spoke – statements issued after (see below)
Thought For A Day
