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petroleo gruaCM

In the World 13th March 2026

IEA releases 400 million barrels from reserves: in practice, making up for 20 days’ worth of oil shortages

Bankinter | The International Energy Agency (IEA) is releasing 400 million barrels from its strategic reserves. 32 countries are contributing to this release, although the United States is leading the move with 172 million barrels. It is the largest release since 1970. For reference, following the Russian invasion of Ukraine, 172 million barrels per day were released. Bankinter analysis team’s view: We view the move positively, although the impact is…

petroleo esg

In the World 12th March 2026

IEA proposes largest ever release of over 182 Mbd of oil reserves, exceeding 2022 releases due to invasion of Ukraine

Link Securities | According to The Wall Street Journal, sources familiar with the matter say that the International Energy Agency (IEA) has proposed the largest release of reserves in its history to lower oil prices, which have skyrocketed during the US and Israeli military conflict with Iran. According to some officials, the release could exceed the 182 million barrels of oil that EIA members put on the market twice in…

EUU empleo casco trabajador

In the World 10th March 2026

US job creation surprises negatively, falling to minus 92K and pushing unemployment to 4.4%

Bankinter | Non-farm payrolls in February surprised negatively, falling to negative 92K (compared to the expected positive 65K and the previous positive 126K). The unemployment rate rose to 4.4% (versus the expected 4.3% and the previous figure). Non-farm payrolls in February surprised negatively, falling to negative 92K from the previous positive 126K (revised from 130K), a figure well below market expectations (65K). This is the weakest job creation figure since…

china aranceles

In the World 10th March 2026

China diverting exports to other markets despite US tariffs

Bankinter | The trade balance in the first two months of the year totalled $213.6 billion, compared to the expected $179.6 billion and the previous $169.21 billion. Exports rose 21.8% in the period, compared to an expected 7.1% and 6.6% in December. Imports rose 19.8%, compared to an expected 7.0% and 0.0% previously. Bankinter analysis team’s view: Exports accelerated in the first two months of the year, driven by demand…

Trump Aranceles

In the World 9th March 2026

24 US states sue administration in first legal challenge to newly imposed 10% global tariffs

Link Securities | Reuters reported on Friday that a group of 24 US states have sued the US administration in the first legal challenge to its newly imposed 10% global tariffs. The states argue that President Trump cannot circumvent the Supreme Court (SC) ruling that invalidated most of his previous tariffs on imported goods by citing new legal authority. The Democrat-led states, including New York, California and Oregon, argue that…

newyork services

In the World 6th March 2026

Mixed data in US service indicators: February PMI falls to 10-month low of 51.7 points, ISM rises to 56.1 from 53.8 previously

Link Securities | The US services sector purchasing managers’ index, the services PMI compiled by S&P Global, fell in its final February reading to 51.7 points (a 10-month low) from 52.3 points in January, falling below the 52.3 points in its preliminary reading, which was what FactSet consensus analysts had expected. Any reading above 50 points suggests expansion of activity relative to the previous month, and below that level, contraction….

china yuan mirada

In the World 5th March 2026

Positive reading from China’s private activity register, although official figures show slight deterioration

Bankinter | Positive activity data in February, deepening in the expansion zone (>50). RatingDog Composite PMI: 51.6 against 51.3 previously; RatingDog Services PMI: 56.7 against 52.3 expected and 52.3 previously. RatingDog Manufacturing PMI: 52.1 against 50.1 expected and 50.3 previously. Bankinter analysis team’s view: Positive reading of the private activity register (RatingDog), although it contrasts with the official figures also released on Wednesday, which show a slight deterioration: Manufacturing PMI…

SP500 nuevo

In the World, Markets 2nd March 2026

Since 1991, conflicts between US and Middle Eastern countries have been bullish for three months (and beyond) for S&P 500

Renta 4 | The main US indices are starting the week in a very similar vein to the last three months, mired, especially the S&P 500, in a tedious sideways range, with support at 6,780 points and resistance at 7,000 points. The two major support levels for the S&P 500 and NASDAQ 100 this year can be clearly seen in the chart below, with November’s lows of 6,520 points as…

OPEC post mortem

In the World 2nd March 2026

OPEC+ to increase oil production by 206,000 bpd from April

Bankinter | OPEC+ to increase oil production by +206,000 bpd from April. The increase is justified by the fact that the global economic outlook is stable and oil reserves are low. Bankinter analysis team’s view: This decision has been taken by Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Algeria, Kazakhstan and Oman. It is part of the objective of gradually introducing into the market the 1.65 Mb/d of voluntary cuts…

EEUU consumidores conference board

In the World 25th February 2026

US consumer confidence rises 2.2 points in January to 91.2, but remains below November 2024 figure of 112.8

Singular Bank | In February, the Conference Board’s consumer confidence index in the US rose 2.2 points to 91.2 points following an upward revision of January’s figure (89.0 points). This reading significantly exceeded market consensus estimates (87.4 points), although it remains well below the four-year high of 112.8 reached in November 2024. At the same time, the present situation index rose 6.3 points to 120.0 points and the expectations index…