Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>An unexpected increase in US crude oil and gasoline inventories pushed oil prices down but the ongoing conflicts capped the downside.</li>
<li>Growing natural gas output dampens Henry Hub’s uptrend. Europe will ban transshipments of Russian LNG in its ports from March 2025.</li>
<li>Chevron's Wheatstone LNG facility in Australia resumed full production. Wells Fargo lowered its target price on Shell but raised it on Occidental.</li>
</ul>


An unexpected increase in US crude oil and gasoline inventories pushed oil prices down but the ongoing conflicts capped the downside.
Growing natural gas output dampens Henry Hub’s uptrend. Europe will ban transshipments of Russian LNG in its ports from March 2025.
Chevron's Wheatstone LNG facility in Australia resumed full production. Wells Fargo lowered its target price on Shell but raised it on Occidental.


[ETP 26/2024] Oil Prices Drop on Surprise Inventory Build; Oil Majors Slide but Retain Gains

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

AngloGold Ashanti Spon Adr / Technical Analysis

<ul>
<li>We continue to see more global indexes/Sectors breaking out to new highs, with the latest being the MSCI Emerging Markets index (local currency), breaking out from a 2-year base--add exposure.</li>
<li>In terms of MSCI EM specifically, this is a huge risk-on signal for global equities, as EM is pretty much as risky as it gets across the global landscape.</li>
<li>Our bullish outlook (since early November 2023) remains intact; continue to ride this trend higher, and treat pullbacks as buying opportunities.</li>
</ul>


We continue to see more global indexes/Sectors breaking out to new highs, with the latest being the MSCI Emerging Markets index (local currency), breaking out from a 2-year base--add exposure.
In terms of MSCI EM specifically, this is a huge risk-on signal for global equities, as EM is pretty much as risky as it gets across the global landscape.
Our bullish outlook (since early November 2023) remains intact; continue to ride this trend higher, and treat pullbacks as buying opportunities.


MSCI Emerging Markets Finally Join the Rally; China/HK Improve; Upgrading Taiwan, Downgrading Brazil

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Analysis: Why China’s 2023 fiscal policy may be less expansionary than it seems</li><li>Xi, Putin call for ‘responsible dialogue’ to end Ukraine crisis</li><li>Beijing’s deaths outrun births for first time in two decades</li></ul>

Analysis: Why China’s 2023 fiscal policy may be less expansionary than it seemsXi, Putin call for ‘responsible dialogue’ to end Ukraine crisisBeijing’s deaths outrun births for first time in two decades

CX Daily: Why China’s 2023 Fiscal Policy May Be Less Expansionary Than It Seems

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul>
<li>Confidence in the US banking system has been under immense stress, and some contagion crossed the Atlantic and struck Europe as well.</li>
<li>At the moment, all banks are trading below their 52w highs – some more notably than others (median -25.82%).</li>
<li>Deposit flights are driven by the inverted yield curve and particularly regional banks are vulnerable to it.</li>
</ul>


Confidence in the US banking system has been under immense stress, and some contagion crossed the Atlantic and struck Europe as well.
At the moment, all banks are trading below their 52w highs – some more notably than others (median -25.82%).
Deposit flights are driven by the inverted yield curve and particularly regional banks are vulnerable to it.


Equity Watch: Fire-Sale or Outright Fire in US Bank Stocks

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>With CPI inflation still 6%YoY and core CPI +5.5%YoY (annualised 6%MoM) in Feb'23, the Fed will be obliged to hike 25bp, and likely also reintroduce a reserve requirement for banks. </li>
<li>Unemployment at 3.6% is far below the long-accepted NAIRU of 4.5%, reflected also in average wages still rising 4.6%YoY in Feb'23. M2 declined in Dec'22-Jan'23 but needs to contract more. </li>
<li>A 50bp hike would've been warranted, but the collapse of 3 tech-related banks obliges the Fed to be a bit circumspect. The disappearance of CS can't influence the FOMC decision. </li>
</ul>


With CPI inflation still 6%YoY and core CPI +5.5%YoY (annualised 6%MoM) in Feb'23, the Fed will be obliged to hike 25bp, and likely also reintroduce a reserve requirement for banks. 
Unemployment at 3.6% is far below the long-accepted NAIRU of 4.5%, reflected also in average wages still rising 4.6%YoY in Feb'23. M2 declined in Dec'22-Jan'23 but needs to contract more. 
A 50bp hike would've been warranted, but the collapse of 3 tech-related banks obliges the Fed to be a bit circumspect. The disappearance of CS can't influence the FOMC decision. 


US: Elevated Inflation and Tight Labour Market to Force Hikes Despite Bank Turmoil

Switzerland

UBS Group AG provides financial services to private, corporate, and institutional clients. The Company offers investment, retail, and corporate and institutional banking, as well as holistic wealth management planning and asset management services. UBS Group also offers securities services such as fund administration and third-party fund management.

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UBS Group (UBSG SW)

[ETP 26/2024] Oil Prices Drop on Surprise Inventory Build; Oil Majors Slide but Retain Gains

Inventory build-up in the US points to signs of weaker-than-expected summer demand, Nat-gas prices hit by rising output. Uptrend in oil & gas...

Mint Finance

MSCI Emerging Markets Finally Join the Rally; China/HK Improve; Upgrading Taiwan, Downgrading Brazil

MSCI EM Finally Joins the Rally; China/Hong Kong Continue to Improve; Downgrading Brazil to Market Weight; Upgrading Taiwan to Overweight;...

Vermilion Research

CX Daily: Why China’s 2023 Fiscal Policy May Be Less Expansionary Than It Seems

Analysis: Why China’s 2023 fiscal policy may be less expansionary than it seems. Xi, Putin call for ‘responsible dialogue’ to end Ukraine crisis.

Caixin Global

Equity Watch: Fire-Sale or Outright Fire in US Bank Stocks

Confidence in the US banking system has been under stress, and contagion struck Europe as well. The troubles have for now been backstopped, but is...

Steno Research

US: Elevated Inflation and Tight Labour Market to Force Hikes Despite Bank Turmoil

CPI inflation of 6%YoY & core CPI rising 6%MoM annualized leave no room for the FOMC to abjure a rate hike. The collapse of 3 techy banks will mean...

Prasenjit K. Basu

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