Geopolitics Alpha

Persistent energy inflation, market signals drive Bank of Canada policy rate hike to 2.50%

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GEOPOLITICS ALPHAPersistent energy inflation,market signals drive Bank ofCanada policy rate hike to 2.50%GEOPOLITICS ALPHA

This report is about oil and tanker shipping.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+4.8% 30d

    United States Oil Fund: its price follows crude oil. Linked by “energy inflation” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.5% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “energy inflation” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF+54.8% 19d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “energy inflation” (tanker shipping) in this story.

  • EWC iShares MSCI Canada ETF+2.0% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada

  • EFA iShares MSCI EAFE ETF-2.2% 11d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada

  • XOM ExxonMobil Holdings+9.0% 13d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy inflation” (oil) in this story.

  • CVX Chevron+7.9% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy inflation” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USONo price data for this ticker———————
XLENo price data for this ticker———————
BWETNo price data for this ticker———————
EWCNo price data for this ticker———————
BWXNo price data for this ticker———————
EFANo price data for this ticker———————
XOM-1.00%+1.85%base+1.30%after closeafter closeafter close
CVX-0.66%+2.17%base+0.81%after closeafter closeafter close

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.

Market Call

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Persistent energy inflation, market signals drive Bank of Canada policy rate hike to 2.50% Rates.ca

Source: Rates.ca

This story

CompanyWhenMoveStatus
CVXthat day+0.81%still updating
CVXthree days earlier+2.17%final price
CVXfive days earlier-0.66%final price
XOMthat day+1.30%still updating
XOMthree days earlier+1.85%final price
XOMfive days earlier-1.00%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100Price not final

“Persistent energy inflation, market signals drive Bank of Canada policy rate hike to 2.50%” scores 12 out of 100. The score uses 1 sources. The price is not final yet.