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Wood Mackenzie is an energy, chemicals, renewables, metals and mining research and consultancy group  The firm estimates there are 16 laden crude and product oil tankers delayed by the Suez Canal blockage, and say: “Our data suggests that there have been no cargoes diverted to alternative routes such as around the Cape of Good Hope” 
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Constitutional challenge could have caused a huge headache At issue was whether the Federal Government had the power to force provinces to implement a carbon tax. In a 6-3 decision, the Canadian Supreme Court agreed with Trudeau’s Liberals that they did. “This matter is critical to our response to an existential threat to human life
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NEW DELHI: Gold gained Rs 44 to Rs 44,347 per 10 gram in the national capital on Thursday, supported by weaker rupee and overnight gain in global precious metal prices, according to HDFC Securities. It had closed at Rs 44,303 per 10 gram in the previous trade. Silver, however, dipped Rs 637 to Rs 64,110
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Crude oil prices have extended the selloff for a third consecutive week. While the demand/supply fundamentals have changed little, the major reason for the decline is the broadly-based risk aversion driven by rising yields. International Energy Agency (IEA)’s report refuting prospect of a commodity supercycle has also triggered the profit-taking selloff. Rising Yield Environment Hurts
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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US February new home sales Prior was 923K Sales -18.2% vs -5.7% expected Prior was +4.3% Homes for sale at the end of Feb 312K vs 304K prior Median price $349.5K, up 5.3% y/y Supply 4.8 months vs 3.8 months prior The largest drop was 37.5% in the Midwest, which was hammered by cold weather.
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YES Securities The bulls managed to keep the benchmark indices in the positive territory amidst volatility. However, the Nifty50 index continued to face tough resistance at the 20-DMA placed at 14,900 levels. Further, a failure to take out this resistance of 14,900 may resume the corrective wave, dragging the index lower to levels of 14,730-14,630.
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