Nyheter

OPEC-rally likely to be short-lived

Publicerad

7 år sedan

den

30 november, 2017

OPEC together with its non-OPEC partners today decided to extend their production curbs to the end of 2018. With only luke-warm support from Russia heading into the meeting, doubts had formed earlier in the week as to whether the cartel will be able to pull it off. OPEC-rally likely to be short-lived.

Oil prices rallied today on the news, but we expect prices to retreat. At current prices, US production will continue to expand, placing downward pressure on both WTI and Brent benchmarks.

At the current pace of expansion in the US, the global supply deficit will be short-lived. We could get back to a production surplus by Q1 2018. Russia’s main concern is that propping up prices through the production curbs has allowed US production to rise with vigour. The US is simply taking market share at the cost of OPEC and it partner countries. That is why Russia was keen to open discussions about an exit strategy.

Inserted into the new agreement is an option to review the current deal in June 2018 in light of prevailing supply and demand conditions. This potentially weakens the deal and we believe will become a source of volatility as the market speculates whether the adjustments will end prematurely in June.

Nigeria and Libya have been pulled into the deal

Nigeria and Libya have been pulled into the deal, capping their output at 2017 levels (although no actual figure has been announced). They had previously been exempt given the scale of lost production due to attack-related outages.

With Brent oil trading close to US$64/bbl, we believe that compliance levels could slip once again as it becomes tempting to produce that little bit more at higher prices. We believe markets will be disappointed with compliance levels in coming months after very restrained production in October.

Nitesh Shah, Research Analyst at ETF Securities

Nitesh is a Commodities Strategist at ETF Securities. Nitesh has 13 years of experience as an economist and strategist, covering a wide range of markets and asset classes. Prior to joining ETF Securities, Nitesh was an economist covering the European structured finance markets at Moody’s Investors Service and was a member of Moody’s global macroeconomics team. Before that he was an economist at the Pension Protection Fund and an equity strategist at Decision Economics. He started his career at HSBC Investment Bank. Nitesh holds a Bachelor of Science in Economics from the London School of Economics and a Master of Arts in International Economics and Finance from Brandeis University (USA).

Nästa

Så här går börsen i dag 20171201

Missa inte

En internationell ETF med fokus på utdelningstillväxt

Fortsätt läsa

Annons

Klicka för att kommentera

Nyheter

A pro-crypto agenda is underway

Publicerad

12 timmar sedan

den

22 april, 2025

Redaktionen

Trump’s crypto ally now leads the SEC, signaling the potential for a pro-crypto agenda
Bitcoin isn’t just for HODLing anymore, thanks to Babylon
The Dogecoin story: The emerging “intrinsic value”

Trump’s crypto ally now leads the SEC, signaling the potential for a pro-crypto agenda

Paul Atkins’ appointment as SEC Chair marks a significant turning point for cryptocurrency regulation in the United States. The cryptocurrency market embraced him, with both Bitcoin and Ethereum rallying up to 9% and 14% respectively in the immediate aftermath. Given Atkins’ background in the crypto space, the industry has welcomed his confirmation and anticipates that he may expedite the approval of several pending projects.

Bitcoin isn’t just for HODLing anymore, thanks to Babylon

Bitcoin is known for being one of the most secure blockchains out there. Now, a new project called Babylon is making waves by tapping into Bitcoin’s rock-solid security and bringing the staking feature to the Bitcoin world. Learn more about Bitcoin staking and its importance.

The Dogecoin story: The emerging “intrinsic value”

Dogecoin may have started as a meme, but it’s now a serious player in digital payments, offering fast, low-cost transactions to a passionate community driving real-world impact and innovation. The chart below underscores that real-world usage: it shows that cumulative transactions on the Dogecoin blockchain have surged over the past two years, effectively tripling in volume, all while transaction costs have remained remarkably low.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

Fortsätt läsa

Nyheter

SPFS ETF investerar i globala hälsovårdsföretag

Publicerad

13 timmar sedan

den

22 april, 2025

Redaktionen

SPDR MSCI World Health Care UCITS ETF (SPFS ETF) med ISIN IE00BYTRRB94, strävar efter att spåra MSCI World Health Care-index. MSCI World Health Care-index spårar hälsovårdssektorn på de utvecklade marknaderna över hela världen (GICS-sektorklassificering).

Den börshandlade fondens TER (total cost ratio) uppgår till 0,30 % p.a. ETFen replikerar resultatet av det underliggande indexet genom full replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen ackumuleras och återinvesteras.

SPDR MSCI World Health Care UCITS ETF är en stor ETF med tillgångar på 531 miljoner euro under förvaltning. Denna ETF lanserades den 29 april 2016 och har sin hemvist i Irland.

Fondens mål

Fondens investeringsmål är att följa resultatet för företag inom hälso- och sjukvårdssektorn, över utvecklade marknader globalt.

Indexbeskrivning

MSCI World Health Care 35/20 Capped Index mäter utvecklingen för globala aktier som klassificeras som fallande inom hälsovårdssektorn, enligt Global Industry Classification Standard (GICS).

Handla SPFS

SPDR MSCI World Health Care UCITS ETF (SPFS ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra och London Stock Exchange.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRO, Nordnet, Aktieinvest och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
gettex	EUR	SS49
Borsa Italiana	EUR	WHEA
Euronext Amsterdam	EUR	WHEA
London Stock Exchange	USD	WHEA
London Stock Exchange	GBP	HEAW
SIX Swiss Exchange	USD	WHEA
XETRA	EUR	SPFS

Största innehav

Värdepapper	Vikt %
Eli Lilly and Company	9,43%
Novo Nordisk A/S Class B	5,97%
UnitedHealth Group Incorporated	5,88%
Johnson & Johnson	4,56%
Merck & Co. Inc.	4,14%
AbbVie Inc.	3,77%
AstraZeneca PLC	3,11%
Novartis AG	2,76%
Thermo Fisher Scientific Inc.	2,65%
Roche Holding Ltd Dividend Right Cert.	2,47%

Innehav kan komma att förändras

Fortsätt läsa

Nyheter

Slakten av Magnificent 7 aktierna

Publicerad

14 timmar sedan

den

22 april, 2025

Redaktionen

De amerikanska aktier som kollektivt går under namnet Mag7, också kända som Magnificent 7 aktierna har förlorat 4,4 biljoner dollar i marknadsvärde sedan toppen i december.

Detta är nästan dubbelt så mycket som värdet på den tyska aktiemarknaden. Dessa aktier återspeglar ~29 % av S&P 500-börsvärdet, en minskning från rekordhöga 34 %.

Vi skrev nyligen en artikel om tyska utdelningsaktier som du finner här

För den som letar efter investeringar i Tyskland klicka här