Written by GaryRV sales hit record in February, on pace for blowout 2021 (SPY +0.1%). Bernie Madoff disgraced financier dies in prison. Biggest midday movers: Goldman Sachs, Bed Bath & Beyond, Moderna.
Covid cases are rising in more than half of U.S. states, despite ramp up in vaccinations (SPY 0.1%). March 2021 CPI: Year-over-Year Inflation Rate Rises To 2.6%.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
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Chinas Oil Imports Surge Ahead Of Refinery Maintenance Season China imported 11.69 million barrels of crude oil daily last month, up by 21 percent on the year, Reuters has reported, citing official customs data. Earlier this month, energy analytics services provider OilX calculated Chinas March oil imports at 11.26 million bpd, noting, however, that these calculations did not include Iranian oil, which China has been buying in ever greater amounts. Despite being 21 percent higher on the year, the March average
Cryptos reach new record high ahead of Coinbase listing (SPY -0.1%). Global stocks hover at all time high as Q1 earnings begin as Powell says U.S. economy at inflection point.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging to historical lows in 2020. Early this month, oil prices reacted positively after OPEC and its non-OPEC partners, aka OPEC+, reached a favorable agreement to start gradually curbing production cuts beginning in May. Starting next month, OPEC+ will allow an additional 350,000 barrels per day to join the market
Written by GaryOil prices rise on expectations of a strong economic recovery (SPY +0.1%). Biggest midday movers: Tesla, Nuance Communications, Uber. Amazon launches new food brand, Aplenty.
One day after the DOW and SP 500 surged to closing records, markets will take a breather (SPY -0.2%). Home price growth reaches 15-year highand Credit Suisse takes $4.7 billion hit.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Iraq Moves To Exploit Its Massive Natural Gas Reserves Official estimates are that Iraqs proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the worlds total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, estimates that ultimately recoverable resources will be considerably larger, at 8.0 tcm, of which around 30