Looks like the US yield rising stopped but it didn`t help the sluggish equity markets around the world. There was a solid rebound last week in stocks and if this trend stays on then we are supposed to see the main indices on new highs in the next couple of days – which is a good test for the strength of the market.
The new Statistical Review from BP has come out I strongly suggest you to take a look because there are a lot of informations in these publications.
Two pictures that caught my attention:
It`s clear where the ample reserves are and with the price boom in Japan it is a really good opportunity for LNG trading.
As Japan shut their nuclear plants down, their nuclear output fell by 89% which drove the nuclear`s share of global primary energy to the lowest since 1984 (!). With China accounting for all those hydro sources, it`s clear that Japan is more exposed to global energy trends than ever and they are going to have to pay a huge price for those idle nuclear plants.