SK Hynix's US Offering Reportedly Seven Times Oversubscribed

Nearly 400 Drones Target Moscow Overnight, With Zelensky In Washington Seeking To Sway Trump Ukraine's long-range drone attacks on Russian territory have long become a nightly thing (as have Russian drones and missiles on Ukraine territory), but it has become clear that these attack waves have grown in volume and effectiveness. On Tuesday Russian officials are newly acknowledging another massive attack wave on the Moscow region, describing that nearly 400 drones were inbound on the capital overnight.  Source: General Staff of the Armed Forces of Ukraine Moscow Mayor Sergei Sobyanin indicated that 390 drones had...

Russia's Oil Revenues Surge As The World Scrambles For Supply Authored by Felicity Bradstock via oilprice.com, Following the Russian invasion of Ukraine in 2022, several major world powers introduced strict sanctions on trade with Moscow. Europe and the United States have been gradually decreasing their dependence on Russian gas and other energy products and putting pressure on other countries to do the same, to place a financial strain on Moscow, as the war with Ukraine continues. However, some countries, such as India and China, have used these sanctions as an excuse...

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...