Shanghai Shutdown Dents The Oil Price, While Investors Take A Wait And See Approach Over Ukraine

Shanghai Shutdown Dents The Oil Price, While Investors Take A Wait And See Approach Over Ukraine
Skitterphoto / Pixabay

”China’s zero tolerance covid strategy is causing fresh nervousness about supply chain issues and a slowdown for some sectors with the Shanghai shutdown prompting a fall in the oil price. A barrel of Brent crude dipped by around 3% after tough restrictions were put on the financial and manufacturing hub. 25 million people are facing lockdown in two stages, while mass testing is carried out, with factories ordered to shut down and working from home orders imposed.

.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; }

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q4 2021 hedge fund letters, conferences and more

Warren Buffett: Find Managers That Love The Job, Not The Money

Berkshire Hathaway Warren Buffett

Berkshire Hathaway Warren BuffettWarren Buffett has a reputation for doing so-called handshake deals. Over the past few decades, Buffett has completed a vast range of these deals based on nothing more than a handshake or short contract. When the Oracle of Omaha agrees to these deals, he’s not just buying a business, more often than not, he is Read More

FTSE 100 Shrugs Off Shanghai Shutdown

The FTSE 100 has largely shrugged off the concerns about the effect on global trade for now, with the FTSE 100 opening up marginally in early trade with mining stocks Rio Tinto plc (LON:RIO) and Anglo American plc (LON:AAL) along the risers, but energy giants BP plc (LON:BP) and Shell PLC (LON:SHEL) slipping back as oil retreated.

NatWest Group has reached a milestone with the UK government’s stake in the bank peeled back to below 50% since the first time since the financial crisis. It’s been a long road back from emergency purchase of the beleaguered Royal Bank of Scotland group, with a re-brand, and the step by step repurchase of the government holdings. This is the fifth sale, returning £1.2 billion to treasury coffers, at a time when the government sorely needs the cash with the costs of borrowing mounting.

Geopolitical tensions are still high in investors’ minds with negotiations set to re-start in Turkey to try and find a way to break through the impasse in the attempts to broker a ceasefire. But it’s largely a wait and see approach traders are taking right now, with hopes lifting slightly with President Zelensky reported to be ready to discuss neutral status. However, a fresh cloud has been put over these talks after President Biden’s off-the-cuff remarks about President Putin, despite the backtracking by the US administration, which has underlined that regime change in Moscow is not on the cards.”

Article by Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown

About us

Almost 1.7 million clients trust us with £141.2 billion (as at 31 December 2021), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month.

Updated on Mar 28, 2022, 5:24 pm

Comments are closed.