Inflation evidence based on price trends in January remains soft in Europe, but the danger from freight rates looms large. Will the ECB choose the half glass full or empty approach on Thursday?
Energy Cable #49: Ouch …..
The oil market remains muted despite record high US demand, but the supply side is not as weak as anticipated, which has even wrongfooted the OPEC group. Meanwhile, mother nature doesn’t play with a long bet in Nat Gas.
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Steno Signal #18 – The winners and losers of energy nationalism in Europe
If electricity becomes a scarce commodity, it is important to note who’s on top of the situation and who’s not. Here is the answer and how it plays into my portfolio thoughts.
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Steno Signals #16 – A (semi)-permanent energy GDP-shock in Europe?
Developments through 2022 have exposed the interlink between macro, geopolitics and markets. We see a risk of a (semi)permanent European GDP-shock due to a lack of energy.
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Steno Signals #14: What on earth is going on in European electricity markets?
European electricity markets are completely out of sync with fundamentals and we have spent most of this week understanding why – here is our take-away!
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