Joseph Branch

Joseph Branch

The upcoming reporting season could be a serious test for the stock market

Record inflation, tighter monetary policy, COVID-19 in China, and geopolitics should all have a negative impact on many companies' quarterly results. FactSet, meanwhile, forecasts the S&P 500's net income to rise 12.1%, above its five-year average of 11.2%. The S&P 500

Americans switch to cheap goods due to rising food inflation

Food prices rose 7.9 percent in February from a year earlier, the biggest increase since July 1981. This is forcing companies to rethink their marketing and pricing policies. "Consumers are becoming more price sensitive," said IRI Worldwide's president of strategic analytics. According to Lael Brainard

Italian Prime Minister will visit Algeria tomorrow to sign an agreement on new gas supplies

Draghi, accompanied by Foreign Minister Di Maio, will visit Algeria on Monday to sign an agreement on new natural gas supplies from that country to the Apennines. "Tomorrow morning, together with President Draghi, I will be in Algeria to sign an important agreement regarding gas that will allow us

London market of platinum and palladium blocked Russian refineries

Products manufactured by Russian refineries after April 8 are banned from trading in London. The London Platinum and Palladium Marketplace (LPPM) announced it is blocking sales of products from Russian refineries on the London market. The LPPM Steering Committee reviewed the list of accredited Russian refineries and decided to suspend

The Japanese will supply Boeing with titanium for airplanes

Japan benefited from the fact that Boeing and Airbus are trying to sever ties with the Russian VSMPO-Avisma Corporation, the world's largest titanium manufacturer. Earlier Boeing used to receive about one third of its titanium supplies from VSMPO-Avisma, and Airbus - about a half of its supplies; now

German government to support energy companies

The German government has announced a package of support measures for German companies Support measures: a program amounting to 100 billion euros, providing loans KfW Bank to energy companies that have faced problems in financing margin requirements. In addition, KfW will allocate 7 billion euros to provide short-term loans to

EU allowed to keep old financial leasing contracts with Russian airlines

The EU has allowed its companies to execute financial leasing contracts concluded with Russian airlines until February 26. After the term of the contract expires, planes under the terms of financial leasing will pass into the ownership of Russian carriers. The exact number of airplanes in financial leasing with Russian

New record of COVID cases in China

Chinese authorities recorded 25,165 new cases of the coronavirus in the past 24 hours, a new record for the entire pandemic. This outbreak of the virus could cause air travel delays, the White House said yesterday.

The U.S. is not considering easing sanctions against Venezuela to replace its oil with Russian oil in the face of market shortages, the White House said

The U.S. is still considering the introduction of a gas tax vacation.

Macrostatistics

Total number of rigs in the U.S. from Baker Hughes: 689 (Prev. 673) Number of active rigs from Baker Hughes: 546 (Prev. 533) The U.S. oil industry is unwinding to highs. This could be an additional negative factor for oil prices.