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Ex-government minister Justine Greening joins On the Beach board : CityAM

05Mar2021 Midday Update: Wall Street Retreats From Openinghs To A Mixed Market, DOW Up 155 Points, Nasdaq Down -0 6%, WTI Crude Gains Fractionally To 65 88, Bitcoin Stable At 47800

Written by GaryOil rally continues as OPEC+ leaves production levels unchanged (SPY +0.1%). January 2021 trade data continues to show recovery.

05Mar2021 Pre-Market Commentary: Huge Payrolls Push Wall Street To Open Higher, DOW Futures Up 100 Points, Nasdaq Down -0 2%, WTI Crude Higher 65 35, US Dollar Rises 91 88, Gold Below 1700

Heading into today s closely watched payrolls report which as we reported earlier was expected to show a sharp improvement in the labor market, it seemed that stocks were faced with a lose-lose dilemma: a strong number would boost inflation fears further, sending yields higher and crashing stocks; a bad number and the recovery narrative would be hammered as virus fears returned, hammering stocks. So as traders were busy navigating this tricky mind maze, moments ago the BLS reported that as expected, in February the jobs picture improved dramatically, with the US adding a whopping 379K jobs, nearly double the 198K consensus estimate!

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