TECH EXCITEMENT
US markets traded higher Monday, led by excitement over technology stocks. Microsoft and Nvidia hit all-time highs, while U.S. Treasury yields dipped on the back of a strong auction. Asia-Pacific markets mostly rose Tuesday. Hong Kong’s Hang Seng Index rose around 1%. Chinese property shares surged after a report said Chinese regulators were drafting a list of developers eligible for financing.
Source: CNBC
NEW HIGH FOR NVIDIA
Nvidia shares popped % to close at an all-time high of $, ahead of the chipmaker’s earnings report today. That gives Nvidia
a market capitalization
...of $1.2 trillion, more than Meta or Tesla. Investors have good cause for cheer: Revenue for the company’s fiscal fourth quarter is estimated to grow 200%, according to LSEG estimates.
Source: CNBC
What Will the Future Hold for Oil Refiners?
WoodMac: as the energy transition progresses, refineries face an increasingly Darwinian battle for existence.
Unlike demand for fuels, these forecasts point out, demand for petrochemicals has pretty good chances of long-term survival thanks to the versatility of their applications across industries.
Perhaps the best course of action for refiners is to not rush into pre-empting the changing patterns in demand the transition may cause.
Source: Oilprice
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