Research and News

Crude oil prices ended November 2021 sharply lower after broad sell-offs in futures and equity markets triggered by fears that the rapid spread of the new Omicron variant could derail the global economic and oil demand recovery. Market sentiment worsened...

12 2021, Arbat Capital

oil, investment

US banks underperformed significantly in November 2021, the second consecutive month of underperformance despite strong 3Q21 earnings season and higher rate expectations. Thus, BKX index decreased by 5.5% MoM vs -0.1% MoM of SPX index, the first month of...

12 2021, Arbat Capital

investment, banks;

Crude oil prices rallied in October 2021, mainly driven by worries about the supply turmoil in the Europe’s and Asia’s power sector ahead of the winter season, and soaring energy prices, particularly for gas and coal, to historically high levels in Europ...

11 2021, Arbat Capital

oil, investment

US banks underperformed slightly in October 2021 despite their strong absolute performance, the first time of weaker performance vs the broad market over the last three months. Thus, BKX index increased by 6.3% MoM vs +6.9% MoM of SPX index, the third co...

11 November 2021, Arbat Capital

investment, banks;

What has happened with EU gas market (and in less extent globally) in 2021,which lead to 100% + increase in natural gas prices? We should, first of all, focus on the natural factors and the mostly non-professional reaction of the EU regulators (and the g...

10 2021, Arbat Capital

gaz, oil, investment

Crude oil prices bounced back in September 2021, ending the month substantially higher compared with August. ICE Brent was up 6.2% on a monthly average, mirroring investors’ perception of robust global oil market fundamentals this winter. Worries were fu...

10 2021, Arbat Capital

oil, investment

US banks outperformed the broad market significantly in September 2021, for the second month in a row. Thus, BKX index increased by 1.6% MoM vs -4.8% MoM of SPX index, the second consecutive month of growth in absolute terms either. Absolute September pe...

10 2021, Arbat Capital

investment, banks;

US banks outperformed the broad market noticeably in August 2021, after two consecutive months of their significant underperformance. Thus, BKX index increased by 5.2% MoM vs +2.9% MoM of SPX index, the first growth in absolute terms during last 3 months...

09 2021, Arbat Capital

investment, banks;

ПОРА ВЫХОДИТЬ ИЗ АКЦИЙ И ПОКУПАТЬ КРАТКОСРОЧНЫЕ ГОС. ОБЛИГАЦИИ ИЛИ МЕНЯТЬ СТРУКТУРУ ПОРТФЕЛЯ АКЦИЙ? Вероятность повышения уровня ставок (особенно долгосрочных) в США и ЕС (в первую очередь – Германии) уже гораздо выше, чем вероятность их снижения...

08 2021, Arbat Capital

investment, banks;