29 November 2024: 16:30 GMT
November certainly didn’t disappoint for market excitement. Across commodities, fixed income, equities… Boy, it was quite the ride. But most of that was of course a product of the Trump reelection, which reverberated throughout financial markets globally. He’s back. The Trump has staged a dramatic return and struck gold, scoring a hat trick, winning everything on the table in the 5 November election. A Republican president, majority in the Senate, and now a majority in the House of Representatives too, gives the president-elect plenty of scope to act decisively. And he hasn’t hung about, declaring his desire to boost US crude production by an aggressive 3 mil b/d and to protect American industry by imposing stringent tariffs on imports. Inflationary consequences be damned! We’ll break out the popcorn and watch it all play out. Pandering from Canada and the EU, versus fighting talk from Mexico. Which will prove the better strategy?
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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