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The side effects of the morning bid in Europe-Tariff medicines

Wayne Cole gives us a look at what the future holds for European and global markets. The Asian stock markets are once again in a rout as President Trump refuses to back down from his tariff plans, despite the conflagration of wealth that has engulfed equity markets. Investors thought that the threat of losing trillions of dollar would cause Trump to reconsider or shake his aides. But he appears to believe this harsh medicine is going help him in the end. Bill Ackman, a billionaire fund manager who supported Trump's presidential run, said the tariffs would be an "economic winter"...

Crude Oil

Morning bid Europe-It seems investors don't really like tariffs

Wayne Cole gives us a look at what the future holds for European and global markets. Investors are not happy with a trade war fueled by tariffs and a likely recession. Who knew? Wall St Futures and the Nikkei are both down about 3%. European stock futures have fallen around 1.7%. The Treasury yields have hit multi-month-lows while the dollar index has hit a six-month-low in chaotic conditions. The reaction matched the drama surrounding the announcement as President Donald Trump announced various taxes on live television from a large blue and yellow board. The list included 34% more for China,...

Crude Oil

MORNING BID EUROPE - Risk assets are trampled under Trump's tariffs for everyone

Trying to stay up-to-date with the latest news on tariffs? This daily news digest provides a quick overview of global trade headlines. Tariff Watch is free. Sign up here. Wayne Cole gives us a look at what the future holds for European and global markets. The week has started off rocky in Asia, as stocks have fallen across the board due to a rush to risk. Bonds extended their rally while gold reached another record. The mood was already fragile before the announcement of U.S. Tariffs on Wednesday, but President Trump exacerbated it by telling reporters aboard Air Force One...

Oil & Gas

Financial Times – March 31,

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Headlines Volvo Cars brings former boss back to provide a'steady' hand Trump threatens to impose secondary tariffs on Russian Oil if there is no agreement on Ukraine Isar declares launch of rocket a success, despite first-time failure to reach orbit Task force urges to eliminate oil and gas windfall taxes before 2030 View the full article Volvo Cars has appointed Hakan Samuelsson as its new chief executive after warning last month of a potentially challenging 2025. Donald Trump,...

Crude Oil

Investors see the beginning of a tectonic move away from US markets

The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in the tech race. This could be a turning point, with investor capital moving away from the United States. China released more stimulus on Tuesday and pledged to make greater efforts in order to mitigate the impact of a escalating U.S. Trade War. The likely next German government had agreed to the largest overhaul of fiscal policy since the reunification. German bonds plunged in the biggest sell-off in decades on Wednesday as the 30-year...

Crude Oil

Investors see the beginning of a tectonic move away from US markets

The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in the tech race. This could be a turning point, with investor capital moving away from the United States. China released more stimulus on Tuesday and pledged to make greater efforts in order to mitigate the impact of a escalating U.S. Trade War. The likely next German government had agreed to the largest overhaul of fiscal policy since the reunification. The U.S. trade war, which began this week, is hurting the mood both inside...

Crude Oil

MORNING BID EUROPE - Trump flags crypto reserves, mum on financing

Wayne Cole gives us a look at what the future holds for European and global markets. Crypto fans have had a great day after President Donald Trump announced on social media that he would be creating a reserve of digital assets, which included bitcoin, ether XRP, cardano, solana, and xrp. Bitcoin is around 10% higher while ether jumped by 13%. The fund's workings are still unclear and will likely be explained at the White House Crypto Summit on Friday. Analysts wonder how the reserve is going to be funded, given that the government has a debt of $36 trillion. Borrowing...

Crude Oil

MORNING BID EUROPE - Relieved as German vote avoids extremes

Wayne Cole gives us a look at what the future holds for European and global markets. Markets are relieved that the CDU/CSU, a relatively mainstream conservative party in Germany won the election. DAX futures have now risen 1.4% following a slow start. The euro is up 0.5% at a new one-month high of $1.0528. This top has been surpassed by the previous $1.0514. Next target is $1.0534. The Conservative leader Friedrich Merz has yet to form a government coalition. It is unclear whether he needs one partner or more, and the latter will take longer. Analysts believe a simple coalition...

Crude Oil

Global stock markets fall as traders consider Trump's tariff threat

A global index was down on Wednesday as Wall Street and European shares fell. The latest tariff threats by U.S. president Donald Trump on imports of autos, semiconductors and pharmaceuticals also injected caution into the market. Trump has added a 10% tariff to all existing duties on imports from China since his inauguration, four weeks ago. He also announced and delayed by a month 25% tariffs on imports from Mexico and Canada that are not energy-related. Trump told reporters Tuesday that tariffs for pharmaceuticals and semiconductors would begin at "25 percent or more" before rising over a period of one...

Crude Oil

MORNING BID EUROPE - Hey, Asia also has tech shares

Wayne Cole gives us a look at what the future holds for European and global markets. The Asian share market has started the week on a positive note, despite a holiday that has reduced liquidity in U.S. stock markets. Hong Kong again led the charge, adding another 1.4% to last week's 7.5% jump amid optimism over potential low-cost AI application following the DeepSeek announcement. Goldman Sachs raised its outlook for Chinese growth and stocks. The firm argues that widespread AI adoption could increase earnings per share in China by 2.5% annually over the next decade. This would increase the fair...

Crude Oil

All tariffs at all times.

Wayne Cole gives us a look at what the future holds for European and global markets. The week began with the now-common bang of President Trump using a scrum in front of the media on Air Force One, to announce 25% tariffs for steel and aluminum imports into America. He also promised more reciprocal tariffs by Tuesday or Wednesday. The new Chinese retaliatory duties on the U.S. also came into force at the same time. German Chancellor Scholz stated that the EU would be ready to respond "within one hour" to any levies. Investors have sold the usual suspects, with...

Crude Oil

Morning bid Europe-Markets confused by Trump's Gaza plan

Wayne Cole gives us a look at what the future holds for European and global markets. First of all, no one knows what to think of Donald Trump's suggestion that the United States should take over the Gaza Strip and transform it into the Riviera for the Middle East, once the Palestinians have been relocated elsewhere. This proposal is not clear. It sounds like the idea that Trump's son in law Jared Kushner floated last summer, saying that Gaza's waterfront could be valuable and Israel should remove civilians while the strip is cleaned up. The oil price has not reacted...

Environment

Oil & Gas

Equinor creates new unit to capitalize on the soaring demand for power

Equinor, a Norwegian company, announced on Thursday that it is merging its renewables division with its gas to power plants and energy storage assets in order to increase its electricity business. Equinor said that the move was a response to a surge in demand for energy, fuelled by artificial intelligence, the growth of data centres and the green shift. The vast majority of Equinor's income still comes from oil and natural gas. In a press release, CEO Anders Opedal stated that by combining renewable energy with flexible power offerings we could strengthen our competitiveness in the market and create value....

Environment

Greenland's newly elected parliament meets for the first time under Trump's pressure

Greenland’s new parliament met for the first day on Monday following a general elections in March. This was amid the repeated interest expressed by U.S. president Donald Trump to take control of the semi-autonomous Danish Island. Jens-Frederik Nielsen (33), who called for unity in the face of external pressures after his Demokraatit party won the March elections, became the youngest Prime Minister of Greenland. He will now have to deal with the challenges presented by Trump's ambitious plans. "It's never been more crucial to stand together in support of our country and stable government." According to KNR, Nielsen stated that...

Environment

Danish PM visits Greenland on a three-day trip amid Trump pressure

Denmark's Prime Minister landed in Greenland for talks on Wednesday with the incoming government of the semi-autonomous Danish territory. This was in response to President Donald Trump's expressed interest in controlling this vast Arctic island. Mette Frederiksen starts her three-day journey less than a month after the visit by U.S. vice president JD Vance to the territory was met with a cold reception from authorities in Denmark. She said that her goal was to strengthen Copenhagen’s ties with Greenland and stressed the importance of respecting cooperation in the face of what she called "great pressure" on Greenland. Frederiksen is expected...

Mining

Mineral Resources

Mineral Resources

EU Commission chief discusses U.S. Tariff response with automakers, steel and pharmaceutical leaders

Ursula von der Leyen, President of the European Commission, held a conference call on Monday with representatives from the metals sector. She then spoke to the automotive industry to discuss ways to respond to U.S. Tariffs. The calls were to gather data to inform future countermeasures, beyond Brussels' response to Washington's tariffs on steel. This will be voted upon later this week. On Tuesday, a call will be held with the European Pharmaceuticals Industry. On Monday, European and Asian stocks and oil prices plunged on fears that U.S. president Donald Trump's tariffs could increase prices, weaken the demand and even...

Mineral Resources

EU Commission chief discusses U.S. Tariff response with auto executives, steel executives and pharmaceutical executives

Sources and a letter indicated that Ursula von der Leyen, President of the European Commission, spoke with representatives from the metals sector on Monday. She then addressed the automotive industry to discuss ways to respond to U.S. Tariffs. The calls were held to gather more information to strategise future trade countermeasures, beyond Brussels' forthcoming response to Washington's steel duties that have been announced previously and which will be voted upon later this week. Tuesday is set for a third call with representatives of the European pharmaceuticals sector. Investors feared that the tariffs Trump announced last weekend could lead to higher...

Mineral Resources

Pandora's annual U.S. Tariff Impact is $178 Mln

Danish jeweller Pandora estimated on Thursday that the total impact of U.S. Tariffs on its company would be around 1.2 billion Danish Crowns ($178.34 millions) per year. This is before any mitigation actions taken by the company. Pandora's shares fell 12% to a low of 15 months on Thursday after U.S. president Donald Trump raised duties on imports of goods from many countries. This included a 37% duty on Thailand where the company has two factories that produce most of its charms bracelets and other jewelry. Pandora's biggest market, the U.S.A., which accounted for 31% in revenue last year, estimated...

Mineral Resources

New York Times Business News - March 31, 2019

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch their accuracy. If he believes that Moscow is blocking the efforts of President Donald Trump to end the conflict in Ukraine, he will impose secondary duties of 25 to 50 percent on Russian oil buyers. Nearly 40 countries, including China and Russia, have voiced their opposition to the plan of The Metals Company, a Canadian miner, to begin seabed mining on the Pacific Ocean. The company applied for exploration permits and permits to the U.S. Department of...

Mineral Resources

Who won Greenland’s parliamentary election?

Greenland's business-friendly opposition party, Demokraatit The Tuesday Parliament Election The debates about self-rule were dominated by the pledge of U.S. president Donald Trump to seize control of Greenland. Greenland was formally incorporated into the Kingdom of Denmark as a territory in 1953. Copenhagen controlled foreign affairs, defence, and monetary policies. In 2009, the island was granted the right to full independence by a referendum. However, it has not done so. WHAT WERE RESULTS OF THE VOTING? Around 40,500 of Greenland’s 57,000 residents were eligible to cast their vote. A little over 28600 people voted. Inatsisartut is the Greenland parliament. There...

Oil & Gas Exploration

CERAWEEK-Freeport-McMoRan hopes Trump declares copper a critical mineral

Freeport-McMoRan CEO Kathleen Quirk expressed her hope that U.S. president Donald Trump will declare copper to be a critical metal. This would allow tax credits for the American production of red metal, and help offset its global competitors, she said. Trump said to the U.S. Congress that he would take "historic action" to expand production of vital minerals, but he has not yet provided details. Copper is widely used in the global economy for power generation, electronic devices and construction. The U.S. Geological Survey identifies lithium, nickel and other minerals as essential. Quirk said that adding copper to Freeport's portfolio...

Mineral Resources

Scania, a Northvolt shareholder, has secured an additional supply of battery cells

Scania, the Swedish truck maker and shareholder of Northvolt, a struggling battery manufacturer, announced on Monday that it had acquired an alternative supply for battery cells in an effort to diversify their supply chain. Northvolt, once regarded as Europe's top contender for the electric vehicle battery leader, filed for Chapter 11 bankruptcy protection in November last year and is now seeking to raise money and restructure their debt. Scania stepped up to help Northvolt run its flagship factory in northern Sweden, in order to improve quality and production at the electric car battery manufacturer. Scania, owned by Traton, and its...

Climate Change

Inuit pride fuels Greenland independence spirit after Trump interest

In a small workshop in Nuuk, the capital of Greenland, goldsmith Nadja Kreutzmann polishes stones and metals mined on this vast island rich in minerals. Her jewellery is decorated with Inuit symbols for life and survival. Indigenous identity in Greenland is resurging ahead of the March 11 general elections called by U.S. president Donald Trump after he said he wanted Greenland to be his. Trump's interest in Greenland has shaken up the status quo. This, coupled with growing Inuit pride has led to some locals viewing the vote as an historic opportunity to free Greenland of Danish influence. Greenland is...

Mineral Resources

Wall Street prepares for possible fallout when Trump tariffs against Canada and Mexico are near

The Trump administration has delayed the implementation of new tariffs against Mexico and Canada for a month. The reprieve will end on Tuesday. The U.S. Commerce secretary Howard Lutnick confirmed that the tariffs against Canada and Mexico will take effect on February 2. Donald Trump, however, will decide if the proposed tariff rate of 25% is maintained. Canada exports mainly crude oil, other energy products and cars and car components as part of North American auto manufacturing chains. Mexico exports a variety of goods from the auto and industrial sectors. What top brokerages say about the impact of tariffs on...

Mineral Resources

Europe stocks continue record run on defence sector boost

The European share market reached a new high on Tuesday, as defence stocks rose on the prospect of higher military spending in the area. However, a Capgemini led drop in IT shares capped the gains. The STOXX 600 pan-European index rose by 0.2%, to a new record of 555.42. The aerospace and defense index jumped 1%. After European Commission President Ursula von der Leyen announced that the Commission would propose an exemption for defense spending from EU budget limits, the sector grew by 4.6% Monday. This is its largest one-day increase since Russia invaded Ukraine, in February 2022. Defense stocks...

Mineral Resources

Aluminium producer Norsk Hydro lags profit forecast in 4th quarter

Norsk Hydro, a Norwegian aluminium manufacturer, missed its fourth quarter profit expectation on Friday. Higher costs and weaker downstream demand were only partially offset by high alumina and aluminum prices and positive exchange rates. The adjusted earnings before taxes, depreciation, and amortization more than doubled in the fourth quarter of 2024 to 7,70 billion Norwegian crowns (690.5 million dollars). However, this was below analysts' expectations of 8,28 billion crowns. The 25% tariffs imposed by President Donald Trump on steel and aluminum are increasing U.S. prices, exposing the production gap at home and creating a possible cost increase for producers of...

Mineral Resources

The license holder claims that the repeal of Greenland's uranium ban could bring back a massive rare earth project.

After the election next month, the mining company who owns the license to Greenland’s Kvanefjeld Deposit is hopeful that the new government will lift the ban on uranium mines. This could lead to the revival of one of the largest rare earth projects in the world. Last month, U.S. President Donald Trump expressed renewed interest in the acquisition of this strategically important Arctic Island. Daniel Mamadou, CEO of Energy Transition Minerals (the Kvanefjeld license holder), said in response to Trump's remarks: "I believe it puts everything related minerals back on track." According to Mamadou, Kvanefjeld ranks among the top three...