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Hotel rates on the rise as travel demand ticks up (SPY flat +0.03%). Stocks making the biggest moves midday: Shopify, Spotify, Enphase Energy. 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. What Is Moving the Markets Here are the headlines moving the markets. Canadas Oil Sands In Trouble As COVID Cases Soar The northern parts of Canadas province of Alberta have seen rising coronavirus cases in recent weeks with several oil sands sites becoming hot spots of outbreaks as workers are flying in and out for maintenance at the crude upgraders. The high active COVID cases have not impacted production in the Canadian oil patch, but some maintenance work has been stretched because of the outbreaks, industry officials told Bloomberg. According to data from Alberta Health a ....
Trump vetoes defense bill, setting up possible override vote. Russia s crude oil exports drop 10% in January-October. The Market in Perspective Here are the headlines moving the markets. U.S. Relations With Russia Could Crumble Under Biden Russian Deputy Foreign Minister Sergei Ryabkov has accused the incoming administration of President-elect Joe Biden of Russophobia and says he expects relations with the United States to go from bad to worse. It would be strange to expect good things from people, many of whom made their careers on Russophobia and throwing mud at my country, Ryabkov said on December 23, less than a month ahead of Bidens inauguration. Relations between Moscow and Washington have deteriorated in recent years over issues including Russia s seizure ....