WASHINGTON:
WASHINGTON, March 16 (Reuters) – US business listings rose sharply in January, despite declining momentum over the past few months, which could lead to non-contributing capital investment in the first quarter. Business figures rose 1.1% after 2.4% improvement in December, the Department of Trade said on Wednesday. Inventories are an integral part of the total domestic product. The January increase is in line with expectations of economists. Inventories gained 11.4% year-on-year in January. Commodities increased by 2.0% in January, instead of 1.9% as estimated in a previous report published last month. That followed a 4.7% jump in December.
Vehicle List:
Motor vehicle numbers increased by 2.4% as estimated last month. They increased by 6.9% in December. Vehicles exports, which fall into GDP estimates, improved by 1.8%, compared to the 1.7% average last month. Investment in real estate increased by a strong annual adjustment of $ 171.2 billion in the fourth quarter, contributing 4.90 percent to the quarterly growth of 7.0%. Most economists see another opportunity for inflation, noting that inflation-priced goods remain below the pre-epidemic level. Sales rates are also low. But commodities are likely to be neutral in GDP growth this quarter, as they will need to grow at a rate similar to the fourth quarter in order to contribute to growth.
Growth rates:
Growth growth rates for the first quarter dropped to less than 1% from about 2% following the Russia-Ukraine war, which has raised crude oil prices, making U.S. oil prices record higher. The attacks of Feb. 24 in Ukraine has also led to an increase in the prices of other commodities such as wheat and is expected to continue to hamper supply chains around the world. Retail prices rose 0.8% in January. Shares for producers increased by 0.7%. Business sales rose 3.7% in January after a 0.5% decline in December. With the January sales momentum, it will take 1.25 months for businesses to clear the shelves, down from 1.29 months in December.
Nickel Back to Business:
And Russian debt, ESG, AMC gold mine not blockchain
Nickel
The London Metal Exchange futures market for nickel collapsed last Tuesday: Nickel prices rose due to margin calls and forced purchases by short-term retailers, and in response LME canceled $ 3.9 billion in trade, setting back prices for Tuesday morning session. it had never happened, and he closed the trade for a whole week. (We’ve talked about this here and there.)
This morning LME reopened the nickel trade, but eagerly. LME has announced that it will only allow the price to increase or decrease by 5% from its previous close. That closure was also a form of practice (as it has ignored all canceled sales since Tuesday).
Undoubtedly this was a rare thing to do. The reason LME stopped trading and canceled trading was that it thought (and many traders think) that the market price of nickel futures did not reflect the “real” value of nickel, due to, in fact, errors in funding for a particular large nickel. traders. Prices “were cut, I believe, real things,” said the head of LME. Scroll Down For Continue Reading…
Trading:
Undoubtedly the point of taking a whole week off trade was to let investors think things through, plan the right funding, and then be ready to deliver nickel at the right price. There is no reason to assume that last Monday’s closing price of $ 48,078 per ton was a “fair” price; that price has already shown some shift in short-term pressure, and has risen 66% since closing last week. (And it did not show the actual trade that happened Tuesday morning and was canceled.) LME may have said “okay, we will give everyone a week to get their financial support so no one is forced to buy or sell because of margin calls, and then we will let the market open and back to real value, whatever that may be, but probably a little lower than $ 48,000. ”
And in fact the news of nickel this past week was about how the seller has the shortest possible position — Chinese Nickel company Xiang Guangda, Tsingshan Holding Group Co. . That would not have been so difficult to do, because Tsingshan produces tons of nickel, so as the price of nickel increases (and loses money in its short term) the value of its assets increases. Banks should therefore be happy to lend Tsingshan more money, in order to, in fact, strengthen its nickel production, and the banks have actually agreed to do so. (We’ve talked about this here and there.)
Scroll Down For Continue Reading…
Generally:
The point of closing the exchange when prices are so high that you think those prices probably do not reflect the basic supply and demand. At any time on any given exchange, there are only certain traders who trade; they have limitations of risk and financial constraints, and if the price goes out they may simply shut down their computers and go home. And then everyone else can move the price in weird ways.
But when the exchange closes, (1) it stops trading, so that there is no strange price movement, and (2) it sends a strong signal to the market “HEY THINGS ARE MESSED UP, COME AND GET FREE MONEY.” Anyone who didn’t stay with it at the time of the closure – banks, hedge funds, nickel producers, industrial users, or anyone interested in nickel prices – now has a chance to emerge. So when the market reopens, after a long enough time, everyone who thought “hey that price is too high (or low)” can show and sell (or buy) and the price will return to normal.
Trafigura Group:
It’s not just Tsingshan, by the way. Here is the Bloomberg News story about how “Trafigura Group, one of the world’s leading oil and steel traders, has been negotiating with private business groups for additional funding as rising prices create huge corporations in the real estate industry.” I don’t think the correct reading of that story is “Trafigura, a major commodity trader, has lost a lot of money through stock exchanges and needs more money.” That is possible, but often the big sellers do well in times of crisis. Instead the story could be something like “Trafigura makes tons of money in this volatile asset, but it needs a lot of money to keep doing that.” (“New funding sources could give Trafigura fire power to take advantage of market opportunities even at higher prices,” says Bloomberg News.) to do it. 1
Considering that it would have made sense for LME to open up without any price limits: “Things got really weird last week, so we’ll forget about it and start over from the beginning; whatever you want to pay for nickel now, after a week of careful thought, will be worth it. ” With enough notice we can get you a good price, maybe better than 5% up or down from a certain amount spent last Monday.
But, whatever the case, LME came back with a 5% price band, and soon (1) did some trading outside of the price band and (2) canceled it out of stock, which:
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