Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
M. Holland will be closed Friday, Dec. 23 and Monday, Dec. 26, in observance of Christmas.
Supply
Oil rose almost 3% Wednesday on news of a larger-than-expected draw in U.S. crude stockpiles.
In mid-morning trading today, WTI futures were down 0.6% at $77.86/bbl and Brent was down 0.6% at $81.67/bbl.
U.S. natural gas rose 4% Wednesday on expectations of higher demand in an upcoming cold snap. Futures were down 2.0% at $5.23/MMBtu today.
U.S. crude stocks fell by a larger-than-expected 5.89 million barrels last week, according to the Energy Information Administration. Inventories are 7% below the five-year average for this time of year.
Minnesota and New York are among states tapping federal funds to help households struggling with rising heating costs this winter.
Equinor injected $3.7 billion into its trading business, as more liquidity is needed to cope with highly volatile energy markets.
The EU signed off on Germany’s $30 billion support scheme for rapidly expanding renewable energy development over the next few years, particularly wind and solar.
More oil news related to the war in Europe:
China’s November crude imports from Russia rose 17% year over year as refiners raced to get ahead of the G7’s price cap.
MSC completed a $6.4 billion acquisition of the African logistics business of French conglomerate Bolloré Group.
Russia and Iran are putting a combined $20 billion into a new transcontinental trade route aimed at circumventing foreign intervention and building more commercial links with Asia.
U.S. chipmaker Micron forecast a steeper-than-expected quarterly loss and said it will lay off 10% of its workforce next year due to a growing glut in the semiconductor market.
U.S. new vehicle sales are expected to decline this month as high prices and rising borrowing costs push consumers to cut back spending, according to J.D. Power.
U.S. self-driving truck company TuSimple announced plans to lay off 25% of its workforce, or roughly 350 employees.
Global investment in electric-vehicle charging infrastructure hit $28.6 billion this year, up 228% from 2021 with China seeing the largest gains.
Canada is floating a measure to require 20% of all new cars sold in the country to be electric by 2026 and 100% by 2035. Electric vehicles comprised just 7.2% of Canadian car sales in the first six months of this year.
Hyundai plans to unveil some 17 new electric vehicles by 2030 as it aims to surpass Toyota and Volkswagen as the world’s largest automaker.
Initial jobless claims rose last week by a less-than-expected 2,000 to 216,000, while the government raised its estimate of third-quarter GDP growth from 2.9% to 3.2%.
The U.S. current account deficit narrowed 9.1% to $217.1 billion in the third quarter as exports jumped to a record high.
Shopper visits to many retail segments, including apparel and electronics, are down this holiday season, according to foot-traffic analyses.
Year-over-year credit card balances jumped 15% last quarter, the biggest increase in over two decades. High interest rates are hitting new borrowers especially hard, with around 20% of 18-to-20-year-olds in collections.
Sales of previously owned U.S. homes fell for a 10th straight month in November by 7.7%, extending a record decline to a 2.5-year low.
U.S. mortgage rates declined to a three-month low of 6.34% last week while home-purchase applications fell.
Carnival posted a smaller-than-expected quarterly loss as the cruise line managed to control operating costs and ridership returned to 90% of pre-pandemic levels.
Officials at the World Health Organization say Beijing’s reporting of COVID-19 data is no longer a reliable guide to the nation’s most recent outbreak.
COVID-19 cases appear to be surging in Shanghai, with reports showing hospitals crowded with patients and pharmacies running out of basic medicines.
Global mergers and acquisitions plummeted 37% to $3.66 trillion this year after hitting an all-time high of $5.9 trillion last year, as dealmakers predict a slow path to recovery in 2023.
Europe’s economy showed surprising resilience with a GDP gain of 1.7% in the first three quarters of 2022, compared with a gain of just 0.2% in the U.S.
German financial officials expect economic activity to remain subdued in the fourth quarter of this year and the first quarter of 2023 before inflation starts declining. German consumer confidence rose more than expected this month, new data shows.
Thousands of ambulance workers in England and Wales walked out Wednesday in a dispute over pay, adding to healthcare strains a day after nurses across the nation went on strike.
India’s central bank could raise its key policy rate by an additional 50 basis points to at least 6.75% next year as core inflation remains above 6%, officials said.
Canada’s annual inflation rate eased to 6.8% in November but remains high, leaving the door open for another interest rate increase in January.
Japan-based SMBC Aviation Capital completed its $6.7 billion purchase of rival Goshawk Aviation in a deal that creates the world’s second largest aircraft lessor by number of aircraft.
Kirin Holdings, Japan’s second largest brewer by sales, plans to buy more factories in North America amid double-digit sales increases there since 2020.
Europe’s greenhouse gas emissions fell 22% from 2008 levels in 2021, new data shows, led by declines in the mining and utility industries.
We and selected third-parties use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL third-party cookies. For more details about cookies and how we use them, read the full Data Privacy Policy.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. For more details about cookies and how we use them, read the full Data Privacy Policy.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
bcookie
1 year
LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie
1 year
LinkedIn sets this cookie to store performed actions on the website.
lang
session
LinkedIn sets this cookie to remember a user's language setting.
lidc
1 day
LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory
1 month
LinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga_S6SF7JZ2WY
2 years
This cookie is installed by Google Analytics.
_gat_UA-7828007-1
1 minute
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
_gcl_au
3 months
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
_gid
1 day
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT
2 years
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid
2 years
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Cookie
Duration
Description
_fbp
3 months
This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr
3 months
Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
IDE
1 year 24 days
Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
personalization_id
2 years
Twitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting.
test_cookie
15 minutes
The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE
5 months 27 days
A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC
session
YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-id
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextId
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requests
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.