Economy

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KOSPI Scores Its Biggest Day in 46 Years as Amazon Jumps 15%

Korea's ETF rule blew the KOSPI up 17.9%, its biggest day since 1980, while Amazon surged 15% on the first full trading day after the Fed's fractured hold.

By Hendrik Van Der Berg, Brussels July 31 4 min read

Economy

PJM Files Its 6,831-Megawatt Backstop Auction With FERC

PJM filed the tariff the paper twice reported missing — the $555/MW-day backstop auction is now on the FERC docket after two editions carried its absence.

By Hendrik Van Der Berg, Brussels July 31 3 min read

Economy

Crude Slides Toward $80 as the OPEC Meeting Looms

X reads the slide as war-premium fade; MSM splits between supply-led selloff and demand concern — the gap is that lower price is not yet confirmed oversupply.

By Dara Osei, London July 31 3 min read

Economy

The Fed's War-Inflation Hold Gets a Market Answer

Bond yields surged on the first full trading day after the Fed's fractured hold — the market's answer to the committee's silence.

By Hendrik Van Der Berg, Brussels July 31 2 min read