US NATGAS: US natural gas stockpiles seen up 115 bcf last week - Reuters
May-21 19:31
US natural gas stockpiles seen up 115 bcf last week - Reuters
- A Reuters poll showed the average estimate of analysts called for a bigger-than-normal 115 bcf net injection of natural gas into storage last week as mild weather limited heating and cooling demand.
- That compares with an injection of 78 bcf during the same week a year ago and a five-year (2020-2024) average increase of 87 bcf for this time of year.
- In the prior week ended May 9, utilities added 110 bcf of gas into storage.
- If realized, this forecast for the week ended May 16 would increase storage to 2.370 tcf, about 12.5% below the same week a year ago and around 3.7% above the five-year average for the week.
- The EIA is scheduled to release its weekly storage report at 10:30 a.m. EDT (1430 GMT) on Thursday.
- There were 52 total degree days last week, compared with the 30-year average of 62 for the period, data from financial firm LSEG showed.
- Early estimates for the week ending May 23 ranged from additions of 79 bcf to 124 bcf, with an average increase of 97 bcf.
- That compares with an injection of 84 bcf during the same week last year and a five-year average increase of 98 bcf.
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US STOCKS: Late Equities Roundup: Hugging Lows
Apr-21 18:54
- Stocks are holding near deep session lows in late Monday trade, Consumer Discretionary and Information Technology sectors continue to underperform with lack of clarity and communication over trade negotiations widely sited.
- Currently, the DJIA trades down 1258.06 points (-3.21%) at 37884.8, S&P E-Minis down 180.5 points (-3.4%) at 5132 (April 10 lows, still off April 7 low of 4832.00, The Nasdaq down 596.8 points (-3.7%) at 15689.37.
- Information Technology and Consumer Discretionary sectors continued to underperform, semiconductor makers primarily weighing on the IT sector: Super Micro Computer -7.60%, Arista Networks -6.04%, NVIDIA -5.76%, Palo Alto Networks -5.47%, Oracle -5.41% and Broadcom -4.91%.
- The Consumer Staples sector weighed down by Tesla -6.91%, DoorDash -5.87%,Chipotle Mexican Grill -4.48%, Carnival -4.22%, Ross Stores -4.01% and TJX Cos -3.93%.
- A mix of Financials, interactive media and pharmaceuticals outperformed in late trade: Discover Financial Services +3.34%, Fidelity National Information +3.00%, Netflix +1.40%, Moderna +1.34% and Dollar General +1.15%.
- Equity earnings resume after the close: Hexcel Corp, Medpace Holdings Inc, W R Berkley Corp, AGNC Investment Corp and Western Alliance Bancorp reporting.
PIPELINE: Corporate Bond Update, $5B American Express 4Pt Priced
Apr-21 18:25
- Date $MM Issuer (Priced *, Launch #)
- 04/21 $5B *American Express $1.6B 4NC3 +98, $400M 4NC3 SOFR+126, $1.5B 6NC5 +108, $1.5B 11NC10 +128
- 04/21 $700M Excelerate Energy 5NC2
- 04/21 $2B QXO Inc. 7NC3 investor calls
US: FED Reverse Repo Operation
Apr-21 18:23
RRP usage rebounds to $114.114B this after noon from $58.600B last Thursday. Usage had fallen to $54.772B last Wednesday, April 16 -- lowest level since April 2021. Usage had surged to the highest level since December 31, 2024 last Monday, March 31: $399.167B. The number of counterparties at 38.
