|
|
|
|
|
|
|
|
|
|
|
|
|
09.03.26 - 13:36
|
G-7 Panic? World Leaders Weigh Emergency SPR Dump As Oil Prices Erupt Into Triple-Digit Territory (ZeroHedge)
|
|
|
G-7 Panic? World Leaders Weigh Emergency SPR Dump As Oil Prices Erupt Into Triple-Digit Territory
Asian and European equities traded lower, while U.S. equity futures fell 1% as Brent and WTI futures traded in triple-digit territory following the weekend escalation in Middle East tensions. The energy shock we have been warning about for the past week, citing top institutional desks from JPMorgan, UBS, Goldman, and others, is now staring G-7 leaders directly in the face as energy market panic erupts.
You know conditions are deteriorating very quickly when the Financial Times reports that G-7 finance ministers are set to hold an 8:30 a.m. New York time call to discuss a possible coordinated release of strategic oil reserves to combat runaway crude prices, as Brent crude hit $119/bbl overnight. Such a move to dump SPR on global markets shows just how afraid policymakers are that the oil shock could crush consumer sentiment and, in turn, hit economic growth.
There have been five coordinated SPR dum...
|
|
|
|
|
09.03.26 - 12:42
|
Top US banks weigh suing federal regulator over crypto banking rules (The Guardian)
|
|
|
Exclusive: Bank Policy Institute, representing lenders such as JP Morgan and Goldman Sachs, argues that new licenses could harm US consumers and financial systemSome of the largest US banks are considering suing their financial regulator, arguing that a new raft of licenses for crypto, payment and fintech could put American consumers and the wider financial system at risk.The Bank Policy Institute (BPI), which represents 40 of the biggest US lenders including JP Morgan, Goldman Sachs and Citigroup, is understood to be weighing its legal options after the Office of the Comptroller of the Currency (OCC) failed to heed repeated warnings from influential banking groups and state regulators over its reinterpretation of federal licensing rules. Continue reading......
|
|
|
09.03.26 - 12:12
|
The cost of Germany’s long and painful nuclear regret (MarketWatch)
|
|
|
An energy analysis published by JPMorgan has put some numbers on the extent of that error that German Chancellor Friedrich Merz has admitted from its decision to shutter nuclear production in wake of the accident at Japan's Fukushima plant in 2011....
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
09.03.26 - 08:12
|
Average UK office attendance ′settling′ at highest level since before Covid (The Guardian)
|
|
|
Figure above 40% every week since early January as report says situation 'no longer in freefall nor in recovery'Workers are heading back to offices across the UK in droves, pushing office occupancy to the highest since before the Covid-19 pandemic, as an expert described the numbers as “no longer in freefall nor in recovery mode but settling”.Investment banks such as Goldman Sachs and JPMorgan Chasehave led the push with strict return-to-office mandates despite anger among many employees about being ordered back to the office five days a week. Companies in other sectors have also increased days in the office but many businesses, including law and accounting firms, still allow staff to work remotely two days a week. Continue reading......
|
|
|
|
|
|
|
|
|
|