Energy markets on edge

By: Miguel A. Rodriguez

11:04, 21 March 2022

Chinese stock exchanges exempt companies from covid-affected areas of taxes
  • U.S. energy firms this week reduced the number of #oil rigs active in the United States even as crude prices continued to trade over $100 a barrel
  • Mainland Chinese stock exchanges have eliminated some of their taxes for companies located in areas where there have been outbreaks of covid in order to cushion the economic impact of the country's severe containment measures
  • The #euro weakened but was set for its biggest weekly gains in six weeks as traders breathed a sigh of relief after Russia avoided default on dollar-denominated debt
  • #BTCUSD plummeted 2.1%
  • #WTIUSD exploded 1.4%
  • #XAUUSD plummeted 1.1%

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.