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Here is the current market situation from CNN Money
North and South American markets are broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.32% while U.S. s S&P 500 is up 0.65% and Mexico s IPC is up 0.25%.
What Is Moving the Markets
Here are the headlines moving the markets.
Chinese Gas Company Boasts Rising Output A subsidiary of PetroChina has boasted natural gas production of 30 billion cubic meters so far this year, expecting it to hit 31.6 billion cubic meters by the end of 2020 as Beijing encourages the development of local natural gas reserves. Xinhua reports Southwest Oil and Gasfield Companys total gas production this year will represent a sixth of Chinas total natural gas output. By 2025, the company plans to boost this to 50 billion cubic meters per year. Southwest Oil and Gasfield Company is active in the Sichuan Basin, which is
December 14, 2020 | Bubbles are ubiquitous, bubbles always burst
Danielle Park Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book Juggling Dynamite: An insider s wisdom on money management, markets and wealth that lasts, and a popular daily financial blog: www.jugglingdynamite.com
Those who say that it is not possible to recognize financial bubbles in advance are paid not to see them; this group includes most in the asset collection/investment product-selling business and central banks.
Dollar Watch - Where Risk Lurks Unnoticed zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Initial public offerings have been doing extremely well lately, bringing to mind the excesses of the tech bubble in the late 1990s.
Shares in Chinese toymaker Pop Mart International Ltd. jumped as much as 112 per cent in their debut Friday, after home-rental platform Airbnb Inc. closed 113 per cent above its IPO price in New York. JD Health International Inc. surged 56 per cent in its debut Tuesday while DoorDash Inc. soared 86 per cent in on Wednesday.