Overseas Headlines – May 4, 2022

United States:

Fed to Tighten With Big Hike, Asset Runoff: Decision-Day Guide

“Federal Reserve Chair Jerome Powell is poised to unleash the U.S. central bank’s most aggressive action to battle inflation in decades, but investors will be focused on parsing his words to see if even bigger moves are ahead.”

https://www.bloomberg.com/news/articles/2022-05-04/fed-to-tighten-with-big-hike-asset-runoff-decision-day-guide?srnd=economics-vp

Europe:

Russian Oil Embargo Risks More Inflation Trouble for Europe

“European countries already reeling from record inflation risk aggravating their plight with the decision to shut themselves off from Russian oil imports.”

https://www.bloomberg.com/news/articles/2022-05-04/russian-oil-embargo-risks-more-inflation-trouble-for-europe?srnd=economics-vp

Asia:

India Wants Russia to Discount Its Oil to Below $70 a Barrel

“India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. The South Asian nation is seeking Russian cargoes at less than $70 a barrel on a delivered basis to compensate for additional hurdles, such as securing financing for purchases, in high-level talks between the two countries.”

https://www.bloomberg.com/news/articles/2022-05-04/india-wants-russia-to-discount-its-oil-to-less-than-70-a-barrel?srnd=premium-asia

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein

2022-05-04T13:36:10-05:00