EIOPA
Publishes monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-December 2022
05 January 2023
"The European Insurance and Occupational Pensions Authority ("EIOPA") published technical information on the relevant risk-free interest rate term structures ("RFR") with reference to the end of December 2022. RFR technical information has been calculated on the basis of the content of the technical documentation under background material. All the documents are available on RFR specific area on EIOPA's website." For more information please press here.
Market News
Bloomberg
China commodity bulls see big gains when Covid pain subsides
05 January 2023
"China’s abandonment of Covid Zero is stirring hopes that a demand recovery in the world’s biggest commodities importer will boost prices once the country gets over the current virus wave. Beijing’s retreat from virus controls since early last month has aided sentiment across raw materials. Traders are piling into iron ore futures, copper is rising despite the prospect of recessions in the US and Europe, and there’s talk of record annual soybean imports. China is also expected to buttress global oil demand this year." For more information please press here.
Financial Times
Gas and oil prices sink on back of warm weather and economic worries
04 January 2023 "Energy prices on both sides of the Atlantic have started the new year sharply lower as warm winter weather and concerns about the global economy weigh on the market. The falls sharply contrast with early last year when Russia’s full-scale invasion of Ukraine in February triggered concerns about energy supplies, sending prices surging. European natural gas had been a particularly big focus after Russia cut off nearly all of its shipments to the region through pipelines." For more information please press here.
Reuters
Analysis: Global hedge funds plan 2023 around inflation risk
04 January 2023 "Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. A majority of the 10 global asset and hedge fund managers surveyed by Reuters said commodities are undervalued and should thrive as global inflation stays elevated in 2023." For more information please press here.
Cryptocurrencies
MarketWatch
Bitcoin traders are waiting to buy, but no one is calling a crypto bottom yet
04 January 2023
"Bitcoin and other cryptocurrencies were higher Wednesday, but the market fundamentals were little changed. Traders need to see a real bottom in cryptos to pile back in, but few are willing to call it as digital assets continue to face headwinds." For more information please press here.
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