US NATGAS: Henry Hub Midday Update
Oct-17 16:36
Henry Hub front month climbs back as LNG feedgas demand remains elevated and short-term weather forecasts see cooling temperature on the East Coast
- Nov 25 is trading at $3.008, up 2.38% on the day.
- Dec 25 is trading at $3.724, up 2.45% on the day.
- Intraday front month volume on NYMEX is about 82,000 lots.
- The price passed the $3.00 mark in intraday trading, with resistance at $3.333, the 50-day EMA. Key trend resistance has been defined at $3.585, the Oct 2 high.
- Forecasts shifted cooler in the Northeast and West Coast and warmer in the middle of the US for Oct. 22-26: Atmospheric G2
- Forecasts shifted cooler in the West and Southeast for Oct. 27-31.
- The NOAA 6-10 day temp outlook shows the mid-Atlantic seeing below-normal temperatures.
- MNI data show US feedgas demand at 16.6 bcf/d today, on par with yesterday’s in-demand levels. This compares to the 30-day average of 16.1 bcf/d.
- BNEF estimates lower 48 dry gas production at 107.89 Bcf/d, down from the previous day of 108.28 Bcf/d.
- U.S. dry gas consumption is estimated at 69.69 Bcf/d, down from the previous day of 72.47 Bcf/d.
- Pipeline exports to Mexico were estimated at 6.67 Bcf/d, up from the previous day of 6.60 Bcf/d.
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BOC RATE CUT GOOD NEWS, FINANCE MINISTER SAYS
Sep-17 16:27
- BOC RATE CUT GOOD NEWS, FINANCE MINISTER SAYS
SWEDEN: Government Nudges 2026-27 GDP Forecasts Higher Ahead Of Budget Bill
Sep-17 16:09
Bloomberg report small upward revisions to the government's GDP growth forecasts for 2026 and 2027:
- "*SWEDISH GOVT STILL SEES GDP GROWTH OF 0.9% IN 2025
- *SWEDISH GOVT SEES GDP GROWTH OF 3.1% IN 2026; SAW 3% IN AUG.
- *SWEDISH GOVT SEES GDP GROWTH OF 2.6% IN 2027; SAW 2.5% IN AUG.
- *SWEDISH GOVT UPDATES GROWTH FORECASTS IN WEBSITE STATEMENT" - bbg
It comes ahead of Monday's full presentation of the 2026 Budget Bill. See the MNI Preview published earlier today: https://media.marketnews.com/MNI_2026_Swedish_Budget_Preview_250917_d44c526621.pdf
US STOCKS: Midday Equities Roundup: DJIA Outperforms Ahead FOMC Policy Annc
Sep-17 16:05
- Stocks trade mixed ahead midday Wednesday, the DJIA outperforming weaker S&P emini and Nasdaq indexes, holding to generally narrow ranges in the leadup to the FOMC policy announcement at 1400ET.
- Currently, the DJIA trades up 319.32 points (0.7%) at 46078.41 (record high of 46137.20 on Sep 11), S&P E-Minis down 7.75 points (-0.12%) at 6659.75, Nasdaq down 118.5 points (-0.5%) at 22215.66.
- Information Technology and Communication Services sector shares underperformed in the first half: tech stocks under pressure after reports China authorities have banned the sale of Nvidia chips to top technology firms: Broadcom Inc -3.50%, Western Digital -2.95%, Palantir Technologies -2.94%, NVIDIA -2.72% and Oracle -2.66%.
- Interactive media and entertainment shares weighted on the Communication Services sector: Warner Bros Discovery -1.37%, Alphabet -1.33%, Meta Platforms -1.03% and Live Nation Entertainment -0.67%.
- On the positive side, Financial and Consumer Staples shares led gainers in the first half, banks and services stocks buoyed the former: American Express +2.57%, US Bancorp +2.31%, MSCI +2.19%, Citizens Financial +2.07%, W R Berkley +2.02% and Global Payments +1.91%.
- Meanwhile, retail sellers held modest gains Dollar Tree +3.04%, Walmart +1.95%, Kenvue +1.93%, J M Smucker +1.67% and Brown-Forman +1.50%.
