International oil prices have soared! Global oil inventories have fallen for 14 consecutive years

On April 13, U.
S.
stocks closed higher, and the Nasdaq rose more than 2%

On Wednesday, local time, following the March CPI data released on Tuesday, the latest release on Wednesday that the year-on-year growth rate of the US PPI in March hit a new high since statistics began, and Fed officials believe that this round of inflation has peaked, further consolidating the market's expectations
for the Fed's upcoming sharp interest rate hike.
At the same time, the first quarter earnings data of some companies was good, which boosted investor confidence, and the three major US stock indexes closed up
collectively for the first time in four trading days.
By the close, the Dow was up 1.
01%, the S&P 500 was up 1.
12%, and the NASDAQ was up 2.
03%.

The US PPI growth rate in March both year-on-year and month-on-month updated historical peaks

The second inflation data that investors are most concerned about this week came out on Wednesday, and the US PPI, or producer price index, rose 11.
2% year-on-year and 1.
4% month-on-month in March, hitting the highest value since November 2010 and exceeding market expectations
.
The data reflects that under the influence of the Russia-Ukraine conflict, the price of energy, food and metals in the United States generally rose in March, and the price pressure in the production chain increased
sharply.

At the same time, because supply chain bottlenecks and labor shortages are still serious, the trend of enterprises at the production end to transfer price pressure to downstream consumers has not changed
.
However, after the data was released, Fed Governor Waller said that the inflation data, although high, was not surprising
.
He expects that the current round of inflation in the United States will peak or begin to fall, and reiterated his support
for a 50 basis point rate hike in May.
Affected by inflation data and Fed officials' statements, the yield of US 10-year Treasury bonds fell rapidly in the short term, and the gains of technology stocks expanded
.
Among them, leading technology stocks rose across the board, with Tesla and Amazon both rising more than 3%.

The first-quarter earnings season of U.
S.
stocks kicked off

The U.
S.
stock earnings season in the first quarter of this year was still kicked off by the banking sector, and JPMorgan Chase, the largest bank by US assets, reported its first quarterly report this year "unfavorably"
.
According to the report, although the company's revenue exceeded expectations, its profit fell by 42%
year-on-year.
Affected by this, JPMorgan Chase closed down 3.
22%.

Delta's earnings report on the same day showed that first-quarter results were better than expected and sales in the second quarter were expected to return almost to pre-pandemic levels
.
That drove both airline and travel stocks up, with Delta Air Lines up more than 6 percent and American Airlines up more than 10 percent
.

The Bank of New Zealand and the Bank of Canada each raised interest rates by 50 basis points

In terms of global central banks, the Bank of New Zealand and the Bank of Canada raised interest rates by 50 basis points
on Wednesday.
Following the rate hike, New Zealand's benchmark interest rate was raised to 1.
5%, the first single 50 basis point
hike by the RBNZ since May 2000.
Canada's benchmark interest rate was raised to 1% and quantitative tightening began on the 25th of this month, reducing the size of
the balance sheet.
Both the central banks of New Zealand and Canada said the rate hikes were in response to rising global inflationary pressures
.

Europe's three major stock markets were mixed on April 13

In European stocks, the three major European stock markets were mixed on Wednesday
.
Germany's five authoritative economic research institutes released a joint economic forecast report on the same day, significantly lowering the German economic growth forecast for this year, putting pressure on the German stock market
.
By the close, UK stocks were up 0.
06%, French stocks were up 0.
07%, and German stocks were down 0.
34%.

On April 13, international oil prices rose significantly

In the crude oil market, investors refocused on the risk of Russian oil supply disruptions, driving international oil prices up
significantly.
By the close, light crude futures for May delivery on the New York Mercantile Exchange closed at $104.
25 a barrel, up 3.
63%; London Brent crude futures for June delivery settled at $108.
78 a barrel, up 3.
96%.

Reuters reported that major global oil traders are planning to reduce trading of petroleum products by Russia's state-owned energy company as early as May 15
.
The International Energy Agency's monthly report on Wednesday suggested that the amount lost to Russian crude supplies could double in May to 3 million barrels
per day due to sanctions.
The International Energy Agency also stressed that global oil inventories have fallen
for 14 consecutive months.