M. Holland’s U.S. and Puerto Rico offices will be closed Thursday, Nov. 24 and Friday, Nov. 25 in observance of the Thanksgiving holiday.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
Supply
Oil dropped Friday, with Brent (-9%) and WTI (-10%) logging their second week of declines.
Crude futures were down further in mid-morning trading today, with WTI off 5.6% at $75.62/bbl and Brent down 5.3% at $83.01/bbl. U.S. natural gas was up 4.7% at $6.60/MMBtu.
Expected shortages in Europe’s crude supply have failed to materialize, leading to an oversupply at European refineries. Meanwhile, the continent’s natural-gas storage is about 95% full, easing supply concerns for this winter even as questions loom over shortages in the years ahead.
G7 nations could announce a price cap on Russian crude as soon as Wednesday, which would likely take effect Dec. 5.
Oil tanker earnings are surging as Western sanctions on Russia shift global trading routes.
More than a dozen regions in Ukraine, including the capital Kyiv, are grappling with power shortages following relentless Russian attacks on the nation’s infrastructure. Officials have started calling for some people in the hardest-hit areas to evacuate.
Supply Chain
Two Great Lakes storms dumped over six feet of snow in parts of New York over the weekend, leading to widespread transport disruption.
West Coast container ship delays have largely been resolved, while more than 65 ships are stuck in queues on the East Coast, according to Goldman Sachs.
Containers waited an average of 3.5 days for inland transport at the ports of Los Angeles and Long Beach last month, the shortest dwell time in over two years.
The Port of New York and New Jersey surpassed the Port of Los Angeles as the nation’s busiest for the third straight month in October, with activity at the western port down to levels not seen since October 2009.
A shortage of common legacy chips has cost Ford 1.3 million vehicles in lost production over the past two years and 4 million lost employee workdays this year, according to its CEO.
GM says it could shave $2,000 off the cost of its vehicles by expanding its digital selling platform. The automaker also predicted annual revenue growth of 12% over the next three years, led by increased adoption of electric vehicles.
The U.S. averaged 40,102 new daily COVID-19 infections last week, down from 41,284 the prior week. The seven-day average for virus deaths declined to 317 from 335 a week ago.
Softer-than-expected U.S. inflation data is giving a boost to the housing industry as hopes grow that the Federal Reserve will slow its pace of interest-rate hikes.
The most recent Census Bureau data shows 41% of Americans, or about 95 million people, are having difficulty paying for essential household items, up from 29% a year earlier.
Honeywell International will pay $1.3 billion to end asbestos-related claims stemming from its former North American Refractories Company, the industrial giant said.
Foot Locker shares jumped 18% Friday after high shopper demand led to better-than-expected quarterly results.
British retail sales rose a larger-than-expected 0.6% in October:
A new report from the U.K.’s Office for Budget Responsibility forecasts that real household incomes will shrink 7% by April 2024 and send the economy into a recession that could last well over one year.
Chinese retail sales unexpectedly dropped in October as consumer spending buckled under the country’s dual campaigns against rising property prices and COVID-19 outbreaks.
The U.S. has imported more goods from Europe than from China this year, a major shift from the past decade, as Russia’s war in Ukraine and China’s economic slump reorganize trade flows. German exports to the U.S. alone surged almost 50% year-over-year in September.
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.