Visa Demand Trends are Positive According to Morgan Stanley By

© Reuters. By Sam Boughedda Morgan Stanley analysts said data they are tracking for Visa (NYSE:) shows demand and healthy trends persist through September. The analysts, who have an Overweight rating and $291 price target on the stock, told investors in a research note Friday: “Data we tracked through Sept, including incremental insights into Asia/Oceania … Read more

Ruble Surges to Two-Month High as Demand for Cash Explodes

By Geoffrey Smith — The Russian surged nearly 3% against the dollar on Friday amid a surge in demand for cash, as Russians emptied their savings accounts in the wake of Wednesday’s mobilization call by President Vladimir Putin. The ruble rose 3% to trade at 57.08 against the dollar amid reports of a nine-fold … Read more

Oil Prices Fall Further on Demand Fears; Fed Rate Hike Looms

By Ambar Warrick– Oil prices extended losses on Wednesday as traders feared more pressure on crude demand from a widely anticipated interest rate hike by the Federal Reserve, while signs of a potential build in U.S. gasoline inventories also weighed.  London-traded fell 0.6% to $90.37 a barrel, while U.S. crude fell 0.2% to $83.73 by … Read more

Huntsman Shares Downgraded on Slowing Demand in China and the U.S. By

© Reuters. By Sam Boughedda Shares of Huntsman (NYSE:) were downgraded, and its price targets cut by analysts at Wells Fargo and JPMorgan on Tuesday. The downgrades and cuts follow the company’s re-announced third-quarter earnings, reported last week. A JPMorgan analyst downgraded Huntsman to Underweight from Neutral, lowering the price target to $25 from $30 … Read more

Oil Prices Settle Higher as Easing China Lockdowns Stoke Demand Hopes

By Yasin Ebrahim — U.S. crude oil prices cut losses to settle higher Monday as investors weighed up the demand outlook amid easing Covid lockdown measures in China and the impact of slowing global growth. On the New York Mercantile Exchange climbed 62 cents to settle at $85.73 a barrel, while on London’s Intercontinental … Read more

Crude Slumps on Demand Fears as Monetary Tightening Looms

By Peter Nurse — Oil prices slumped Monday, falling by more than 3% on fears that slowing global economic growth will weigh on crude demand ahead of likely new large interest rate hikes by a number of central banks, including the Federal Reserve. By 08:35 ET (12:35 GMT), futures traded 3.4% lower at $81.88 … Read more

Bernstein Expects EV Battery Demand to Rise; Will IRA Budget be Enough? By

© Reuters. By Michael Elkins When U.S. President Joe Biden signed the Inflation Reduction Act (IRA) into law in August, he called it “an historic step to fight inflation, lower costs, and create jobs that corporations can’t ship overseas.” The law was designed to do several things, not least of which was to combat climate … Read more

European Gas Futures Hit Lowest Since July on Demand Moderation

By Geoffrey Smith — Benchmark natural gas prices in Europe fell to their lowest in two months on Monday as the ongoing drop in demand from industry encouraged hopes that the continent will be able to get through the winter without imports from Russia. The front-month contract, which acts as a reference for all … Read more

Oil Prices Rise as China Reopening Helps Demand Outlook

By Ambar Warrick– Oil prices started the week on a strong note as the lifting of COVID lockdowns in a major Chinese city boosted optimism over an eventual demand recovery in the world’s largest crude importer. The Chinese megacity Chengdu- which was the biggest city to face COVID lockdowns after Shanghai earlier this year- is … Read more

Crude Oil Lower; Stronger Dollar, Demand Fears Weigh

By Peter Nurse — Oil prices fell Thursday, weighed by a stronger dollar and on expectations of reduced economic activity given aggressive monetary tightening. By 09:35 ET (13:35 GMT), futures traded 2.1% lower at $86.66 a barrel, while the contract fell 2.2% to $92.03.  U.S. were down 3.7% at $2.4317 a gallon. The oil … Read more