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EU demand for palm oil continues to decline

Published . Updated .

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EU demand for palm oil continues to decline

Imports of palm oil into key EU member states continued to decline, according to European Commission data for the period from 1 July to 18 October. This development is primarily driven by the exclusion of palm oil-based biofuels from national quota obligations. The Netherlands

Directly affected

  • No company is named in this report.

Indirectly affected

  • VGK Vanguard FTSE Europe ETF

    Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”).

  • EWN iShares MSCI Netherlands ETF

    iShares MSCI Netherlands ETF holds stocks listed in the Netherlands, which this story is about (“netherlands”).

  • ASML ASML Holding N.V-13.3% 10d

    ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.

  • HSBC HSBC Holdings-6.8% 11d

    HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.

  • SHEL Shell+0.0% 6d

    Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.

  • NVS Novartis AG-4.2% 7d

    Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
VGK-1.15%+0.07%base-0.55%+2.48%+0.36%-0.85%
EWN+1.34%+2.03%base+0.29%+1.90%-1.22%-1.70%
ASML+7.22%+9.85%base+1.73%-1.92%-10.89%-6.62%
HSBC+0.10%+0.79%base-1.65%+4.02%+2.49%+1.30%
SHEL-0.17%+2.59%base-0.70%-2.97%-4.59%-5.58%
NVS-2.88%-0.25%base-1.37%+2.20%+0.29%+0.73%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

EU demand for palm oil continues to decline Biofuels International Magazine

Source: Biofuels International Magazine

Energy

CompanyWhenMoveStatus
ASMLthat day+1.73%final price
ASMLthe next day-1.92%final price
ASMLtwo days later-10.89%final price
ASMLthree days later-6.62%final price
ASMLthree days earlier+9.85%final price
ASMLfive days earlier+7.22%final price
EWNthat day+0.29%final price
EWNthe next day+1.90%final price
EWNtwo days later-1.22%final price
EWNthree days later-1.70%final price
EWNthree days earlier+2.03%final price
EWNfive days earlier+1.34%final price
HSBCthat day-1.65%final price
HSBCthe next day+4.02%final price
HSBCtwo days later+2.49%final price
HSBCthree days later+1.30%final price
HSBCthree days earlier+0.79%final price
HSBCfive days earlier+0.10%final price
NVSthat day-1.37%final price
NVSthe next day+2.20%final price
NVStwo days later+0.29%final price
NVSthree days later+0.73%final price
NVSthree days earlier-0.25%final price
NVSfive days earlier-2.88%final price
SHELthat day-0.70%final price
SHELthe next day-2.97%final price
SHELtwo days later-4.59%final price
SHELthree days later-5.58%final price
SHELthree days earlier+2.59%final price
SHELfive days earlier-0.17%final price
VGKthat day-0.55%final price
VGKthe next day+2.48%final price
VGKtwo days later+0.36%final price
VGKthree days later-0.85%final price
VGKthree days earlier+0.07%final price
VGKfive days earlier-1.15%final price

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How solid the energy case looks

12 out of 100

“EU demand for palm oil continues to decline” scores 12 out of 100. The score uses 1 sources.