Energy prices raise concerns over further growth in inflation worldwide

The well-known investor and manager Warren Buffett claims that the US will not face a debt crisis as long as the country issues debt in its own currency. He says that inflation and excessive money printing are the only real risks of government borrowing.

According to Bloomberg, more than $1.5 billion has been injected into four of the highest-yielding exchange-traded funds in the US in recent days. The infusion of funds came just as the chairman of the Securities and Exchange Commission warned that a derivatives-based style of investing was not suitable for everyone.

Denmark and Sweden have temporarily stopped offering Moderna Covid-19 vaccines to people under 18 because of the risk of side effects for the heart muscle.

US oil reserves increased by 2.3 million barrels in a week. Goldman Sachs predicts that the energy crisis will lead to an increase in oil consumption later this year, as China has ordered state-owned firms to ensure energy supplies for the winter at any cost. But OPEC officials believe a price of $70 to $80 a barrel is optimal for both producer and consumer. The electricity crisis is worrying energy markets from Europe to Asia, where fuels that can be used for heating or power generation, such as propane, diesel, and fuel oil, are in high demand.

Today, Asia-Pacific stock indices returned to the green zone. All major Asian indices (Hang Seng, Kospi, Nikkei 225, ASX 200) increased yesterday. Mainland China’s exchanges are closed for holidays this week.

US Secretary of State Blinken says that China should stop its actions against Taiwan because China’s steps are provocative and destabilizing.

China’s state-owned COMAC is close to bringing the C919 passenger airliner to market, which is a direct competitor to the Airbus A320 and Boeing 737 MAX.

India’s Silicon Valley, Karnataka state has banned online gambling.