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Early US flu season, current strain may signal risk for younger people; doctors urge shots
Confirmed
In Short: The People's Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets.
The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
As a result, the daily fixing is often interpreted as a policy signal rather than just a technical reference point.
Record-low gasoline and diesel inventories will incentivise refiners globally to maximise secondary unit runs with more fuel oil feedstock barrels, in turn tightening fuel oil balances, Energy Aspects analyst Royston Huan told Reuters.
Goldman Sachs has warned that oil prices could rise to $120 as shipping risks increase, with Asia likely to be the hardest hit due to the tightness in diesel fuel supply.
What's confirmed
- The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
- As a result, the daily fixing is often interpreted as a policy signal rather than just a technical reference point.
- Record-low gasoline and diesel inventories will incentivise refiners globally to maximise secondary unit runs with more fuel oil feedstock barrels, in turn tightening fuel oil balances, Energy Aspects analyst Royston Huan told Reuters.
- Goldman Sachs has warned that oil prices could rise to $120 as shipping risks increase, with Asia likely to be the hardest hit due to the tightness in diesel fuel supply.
What's still developing
- The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets.
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- Goldman Sachs Warns Oil Could Hit $120 as Shipping Risks Rise What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Supply of fuel oil for the shipping industry is getting squeezed by the war-driven tightness in diesel fuel, as refiners prioritize the latter over the former, Reuters has reported, with Asia set to suffer the most severe blow.
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- A look at Anthropic's early IPO prospectus by Reuters highlighted some of the now well-documented risks associated with the company's frontier AI models.