Commerzbank analysts Carsten Fritsch and Barbara Lambrecht highlight that the Iran war and Strait of Hormuz closure have sharply lifted Brent and refined product prices, especially diesel and jet fuel. They stress Europe’s heavy reliance on Middle Eastern middle distillates and the difficulty of replacing lost barrels. Their base-case assumes…
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ING’s Chris Turner notes short-dated Euro swap rates have started to edge lower after a sharp spike, but real rate differentials have moved against EUR/USD. He argues this could be Euro-negative if the ECB refrains from an April hike while inflation expectations stay high. EUR/USD has support near 1.1440/70 but confidence in longs remains limited.Real rate dynamics challenge EUR/USD recovery”After a staggering 80bp spike this month, short-dated euro swap rates are now starting to turn…
The EUR/USD pair attracts bids after a five-day losing streak and edges higher to near…
Russians should consider working 12-hour days, six days a week, as the country grapples with…
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Kevin O’Leary says there are two Mr. Wonderfuls, and one isn’t human.When the “Iced Coffee Hour” hosts asked O’Leary whether AI could replace him, he said that it already was. The “Shark Tank” investor said that he’s training an AI version of himself, called “AI Kevin,” to talk and act…
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Nearly 150 cases of an Einstein Bros. Bagels’ cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies. Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein’s Honey Almond Cream…
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After working weeks without paychecks, most Transportation Security Administration agents are finally getting some back pay. Loading audio narration… Lauren Bis, acting assistant secretary at the Department of Homeland Security, said most TSA agents received a “retroactive paycheck” on Monday that covered “pay periods 4 and 5.”Bis added that the…
