News Snapshot:
Key News Asian equity markets were largely off overnight with India off nearly -2%. Mainland China was dragged lower by energy and materials stocks with coal stocks down significantly on policies capping the price. Coal futures on the Dalian Exchange slumped -11% overnight having fallen -35% from their October 19th high. Inflationary fears driven by higher commodity prices are apt to see further examination from China and other countries. I would suspect OPEC is going to feel significant pressure to ramp up production. This is at odds with climate change commitments but people freezing this winter is apt to be...
