Key Events This Week: Central Banks Galore, PPI, And The War In Iran

Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus In an early clue how the Iran war will impact energy earnings, ExxonMobil warned of a $6.5bn hit to Q1 earnings from the Iran war but said the bulk of this was the result of unfavorable timing for its accounting of hedging contracts, which would be offset as underlying transactions were eventually completed. The US supermajor also said that global oil and gas production would be 6% lower in the first three months...

Israel Expects Iran War To Continue At Least Into April, Lebanon Conflict Longer The White House has struggled to present the American public and the world with a clear timeline or precise strategy on Operation Epic Fury, but Israel has seemed clearer on signaling it is settling in for a longer war. Israel is bracing for its war with Iran to stretch well into April, even as officials quietly concede the government in Tehran is unlikely to collapse, according to Israeli media. Damage from the June war which lasted 12 days, in...

AI vs Affordability And Rates By Peter Tchir of Academy Securities Last week, we contemplated, for the first time, that we might need to Understand Universal Basic Income. The timing was very good as on Monday, South Korea floated the idea of transferring some AI-driven tax revenue to its citizens. As uncertainty around jobs, income, and costs continue to weigh on overall confidence, expect this subject to get more airtime in the political arena. The concept of UBI does go hand in hand with two competing themes: AI and Affordability. China, Iran,...