Tag:
energy crisis
Europe
EUR/USD Lost Four Cents in Two Months. The ECB Just Told You It Cannot Get Them Back.
EUR/USD at 1.1506, down from 1.2016 in January. ECB revised inflation to 2.6% and growth to 0.9%. The euro is pricing stagflation. Here is what it means for your book.
Economy
Europe Was Told the Energy Crisis Would Be Targeted and Temporary. The Commission Just Blocked the Only Tool That Could Make It So.
Dombrovskis warned of a stagflationary shock that could cut EU growth by 0.6pp. Hours later the Commission blocked the fiscal escape clause. G7 meets Monday.
Economy
Japan Asked the IEA for More Oil. The First 400 Million Barrels Lasted Three Weeks.
Takaichi asked the IEA to prepare a second coordinated oil release. India's PMI hit a three-year low. Malaysia held two emergency meetings in two days. Asia escalated.
Economy
Iran Just Knocked Out 17 Percent of Qatar’s LNG Capacity. Repairs Will Take Up to Five Years.
Iran struck Ras Laffan and knocked out 17% of Qatar's LNG capacity for 3-5 years. The $20B annual revenue loss has no substitute. Global LNG has zero slack.
Economy
Eurozone Industrial Output Just Fell for the Second Straight Month. The Energy Shock Has Not Even Landed Yet.
Eurozone industrial output fell 1.2% year-on-year in January as Goldman cut growth to 1%. The ZEW crashed 58.8 points. The energy shock has barely started.
Stocks
The S&P Hit a 2026 Low. The Equal-Weight Version Is Up 3%. Those Are Two Very Different Stories.
S&P 500 hit a 2026 low at 6,632. Adobe lost 8.85% after its CEO of 18 years resigned. But the equal-weight S&P is up 3% YTD. Here's what's actually moving.
Economy
Japan’s GDP Just Crushed Every Forecast. The Yen Is Still Getting Destroyed.
Japan's Q4 GDP was revised to 1.3% annualized from 0.2%. Business investment hit a one-year high. Wages beat forecasts. The yen fell anyway. Energy explains why.
Americas
Oil Touched $120 and Crashed to $86 in the Same Session. Here’s What Actually Changed.
Brent hit $119.50 and crashed to $86 in the same session. Trump said the war is "very complete." Iran said that's nonsense. Here's what the curve is pricing.
