Billion of e. U. Products. Hong kong protest take a violent turn. The government commends vandalism. News out ofing south korea. We are getting Consumer Prices for the month of june year on 0. 7 . Ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0. 8 rise on year. Month on month, it contracted zero point 2 , which is a bigger contraction as expected for the month of june. We have seen a lot of pressure for Consumer Prices. We are talking about lower oil prices. Brent crude prices down 20 on average in the month of june compared to one year earlier. Not to mention the domestic demand in south korea is pretty weak at the moment. The bank of koreas signal we will probably miss the forecast of 1. 1 inflation in 2019. Pretty far away from the 2 inflation target for the bank of korea. We can see proof that inflation and theions are low inflationary pressures are low. Gaining onlyr cpi 0. 7 , missing expectations. s ctia gaining only
Trading between gains and losses for the last week and a half. Dispersionnteresting , telecoms, materials, but headline moves on any major indices not very much. Some stocks weighing on those moves, apple weighing on the nasdaq. There was some support out there. Jetblue did an ounce, industrials a real strength to the nasdaq, this was one of them. Telecoms led down, weak as a group, weighing on the s p. Izon, weeks of viagra week a subscriber growth. We had an auction of fiveyear government bonds, and the basic cover ratio was the weakest in several years. We also had a week to year , not a lot of appetite to buy new bonds. Also, a onemonth chart of the 210 spread, flattening again lately. Its deep and a little bit, but with the shortterm demand weakening, shortterm yields rising, longterm going down we see that flattening. Standout, the a big performer, big mover, strengthening 1 against the majors. The reason was that the japanese finance minister said the government has yet to decid
I am guy johnson. I am francine 00 francine e. Ocke when is the Board Meeting . Shortly. L happen very be someone from within the company. Almost a tradition to have a ceo who comes from the action group. Was onlyhe de margerie 63 years old when he died. You have the head of the new Energy Division, the chemicals chief, and the head of exploration and production. These three are all from total and they are all engineers. All part of the executive committee of total. According to the french newspaper, the refining and chemical chief could be the most likely candidates. Herted his career walked for total all around the world before coming back to the headquarters. He is the most likely candidate . That seems to be the sense im getting from the press as well. If you like the former boss . What do we know about him . Say. Is hard to i chose him as part of the executive committee. What we called often traveling with him. Organization it could be split. That is according to the french newspa
COVID-19 Impacts ADNOC Refining Projects Worth $2.89 Billion, an Industrial Info Market Brief
Industry Segment: Market Brief | Word Count: 150 Words
Abu Dhabi National Oil Company s (ADNOC) Refining Division is facing a number of project delays due to the impact of the COVID-19 pandemic. Industrial Info is tracking $2.89 billion worth of ADNOC projects that have been affected by the coronavirus.