RJN News and Press, AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Energy Total Return Structured Product From 10/10/22

Summary Over the last two weeks Federal Reserve officials delivered 37 speeches, all of the speakers competing to see who could be the most hawkish. The big problem with the Fed’s plan to kill inflation by reducing economic growth and raising the unemployment rate is that t...

Summary The reduction of production quotas by OPEC+ members by 2 million barrels per day will not lead to an increase in oil prices in the long term. Fears of an impending recession in Europe and an economic slowdown in China are among the main reasons for the fall in the price of...

Summary Why the White House offered an angry rebuke to OPEC's production cut. Even with current volatility, the long-term outlook for oil is higher. Why gas prices are rising faster than oil prices. OPEC+ has announced plans to scale back oil production by a ...

Summary Slower global growth, a strong US dollar, global supply chain woes as well as domestic economic factors have created headwinds for EMs. The week-long National Congress of the Chinese Communist Party (Congress) begins on October 16. Jair Bolsonaro, the incumbent preside...

Summary Commodity markets have come under pressure due to a strengthening US dollar and a raft of central banks hiking interest rates recently. This has clouded the macro outlook. However, the supply picture for a number of commodities remains fragile. The EU appears to have a...

Summary There was no doubt that OPEC+ was going to cut supply when the group met in Vienna. However, the agreed 2MMbbls/d supply cut was at the top end of expectations. While the actual cut will be quite a bit smaller, it is still enough to dramatically change the oil balance ...

Summary Oil and stock prices generally don’t mix. A big jump in oil prices usually leads to lower stock prices, while stock prices often experience a boost when oil prices decline. The S&P 500 is up over 5% week to date through Tuesday’s close, while oil prices s...

Summary It is worth considering that Russia may embargo oil exports given the unfavorable situation it faces. To hedge against this, blue chip oil stocks exposure might be considered, suffice to say that oil stocks are probably a worthwhile investment even if Russian oil embargo d...

Summary The era of easy, low-priced energy has come to an end. Production trends from key oil producing areas are not positive. We are and have been bullish on oil and gas stocks and think the rally is still in its early phase. Oil oriented ETFs such as the USO and BNO may...

Summary Taken by themselves, yesterday’s moves in all three asset classes were large but hardly out of the norm. What was unique about yesterday, or at least used to be considered unique, was the fact that all three asset classes rallied 1.5%+ on the same day. It’...