🚨 Petrobras raises aviation kerosene prices by 7.2%, fueling inflation
This increase marks another step in a severe inflationary trend in the sector, following jumps of 12% recorded in October and 13.9% accumulated over September at the country's main distribution hubs.
According to the state-owned company, the price surge directly reflects international commodity prices, driven higher by mounting geopolitical tensions in the Middle East. The adverse external environment is compounded by declining global refining capacity in Russia and Ukraine, constrained by the direct fallout from the armed conflict between the two nations in Eastern Europe.
For trading desks and macro funds, this continued rise in air travel costs fuels services inflation and erodes corporate margins, keeping the Central Bank on alert and interest rates high. In the current *bearish* environment, the contraction in global liquidity and monetary tightening are forcing fund managers to reassess risks, putting pressure on high-beta assets such as $BTC e and altcoins amid a flight to the safety of the dollar.
How might the persistence of these global supply shocks change institutional capital allocation and influence BTC volatility in the coming weeks? Share your analysis below.
BTC $ETH
#Macro #Economia #Crypto
This increase marks another step in a severe inflationary trend in the sector, following jumps of 12% recorded in October and 13.9% accumulated over September at the country's main distribution hubs.
According to the state-owned company, the price surge directly reflects international commodity prices, driven higher by mounting geopolitical tensions in the Middle East. The adverse external environment is compounded by declining global refining capacity in Russia and Ukraine, constrained by the direct fallout from the armed conflict between the two nations in Eastern Europe.
For trading desks and macro funds, this continued rise in air travel costs fuels services inflation and erodes corporate margins, keeping the Central Bank on alert and interest rates high. In the current *bearish* environment, the contraction in global liquidity and monetary tightening are forcing fund managers to reassess risks, putting pressure on high-beta assets such as $BTC e and altcoins amid a flight to the safety of the dollar.
How might the persistence of these global supply shocks change institutional capital allocation and influence BTC volatility in the coming weeks? Share your analysis below.
BTC $ETH
#Macro #Economia #Crypto
