Texas freeze causes largest ever US production decline (SPY -0.8%). Lumber futures hit record high $1000. Biggest movers: Walmart, Hormel Foods, Marriott.
Here is the current market situation from CNN Money
North and South American markets are mixed. The Bovespa is higher by 0.03%, while the S&P 500 is leading the IPC lower. They are down 0.88% and 0.74% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Texas Governor Bans Natural Gas Exports Texas Governor Greg Abbott has banned the exports of natural gas until normal power supply is restored, Reuters reports, citing a statement by the governor. The export ban is in effect until Sunday, with Abbott noting, That will also increase the power thats going to be produced and sent to homes here in Texas. What social media users are calling the Texas freeze wreaked havoc on the Texas grid and its energy industry as wellheads and production pads have not been insulated against freezing temperature
There appears to be little momentum going into today s sessions. Gold is pointing down. Oil because of the chill in Texas is rising. Bitcoin looks to continue its upward trend.
Here is the current market situation from CNN Money
European markets are lower today with shares in London off the most. The FTSE 100 is down 0.79% while France s CAC 40 is off 0.36% and Germany s DAX is lower by 0.06%.
What Is Moving the Markets
Here are the headlines moving the markets.
This Commodity Super-Cycle Could Be Unlike Anything Weve Seen Before Commodity prices have been on the rise since late in the 3rd quarter of 2020. Signs that the global economy would rebound faster than anyone thought possible, in the early phase, has spurred purchases of critical components in the modern economy. I have discussed the reasons for this in a couple of OilPrice articles recently. In this article, How High Will Oil Prices Go This Year?, I discussed the impact the decline in drilling in shale plays was
literally dream about. reporter: november 27th, 2014, thanksgiving on the international space station. american astronaut butch wilmore tapes a special message posted on the nasa youtube page. and of course thanksgiving is always about food as well. we share special meals and this is smoked turkey, so i m going to have some smoked turkey. this here is corn bread dressing. rehydrate that, that s going to be mighty tasty. so this is the kitchen? this is the kitchen for space food. reporter: providing that taste of home is maya cooper s job. as one of nasa s food scientists here at the johnson space center in houston, she spends all her days thinking about what the astronauts on iss are eating. she invited me here to nasa s kitchen and tasting lab for a closer look at the astronauts