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22:15
Saudi Arabia's Yanbu Port crude oil shipments decline after record surge
According to ship tracking data compiled by Bloomberg, crude oil shipments from Yanbu port reached as high as 4.19 million barrels per day earlier this week. As of Thursday, its five-day rolling average had fallen to a more moderate 3.6 million barrels per day.
22:12
Grayscale Files Initial S-1 for HYPE ETF with SEC
Grayscale has filed an initial S-1 form with the U.S. Securities and Exchange Commission (SEC) for the Grayscale HYPE ETF (ticker: GHYP). The filing states, "The registration statement has not yet become effective. No shares may be sold nor may an offer to buy be accepted prior to the time the registration statement is effective."
22:11
Wells Fargo closes long EUR/CHF positions due to deteriorating European growth outlook
The bank initiated this transaction in February this year. The company's macro strategist Erik Nelson wrote: "We have closed our long EUR/CHF positions at the 0.9110 level, and after accounting for carry income, the overall profit and loss is flat." "With the unwinding of carry trades, coupled with the deteriorating European growth outlook amid ongoing war, the risk-reward ratio for holding long EUR/CHF positions has significantly worsened." Expand
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