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Massive Outage Disrupts Majority Of Google s Services Across US (SPY +0.6%). Premarket movers: Alphabet, Pfizer, Alexion Pharmaceuticals, CureVac. Here is the current market situation from CNN Money European markets are mixed today. The DAX is up 1.19% while the FTSE 100 gains 0.07%. The CAC 40 is off 0.76%. What Is Moving the Markets Here are the headlines moving the markets. Middle East Oil Prices Rise As Asian Demand Recovers As the United States and Europe falter under the weight of ever-increasing coronavirus cases and a general lull in markets, the health of the Asian crude market has arguably pulled crude prices and differentials away from the adverse ramifications of second wave coronavirus. China, India, Japan, South Korea; all of them are increasing their crude intake, increasing refinery runs and riding the waves of healthy refining cracks. At the same time, the early December OPEC+ meeting has tainted the upbeat sentiment a bit the parties ....
US investors remain cautious amid increasing fears of new lockdown measures (SPY -0.5%). COVID death toll tops 300,000 as vaccine distribution begins. The Market in Perspective Here are the headlines moving the markets. Could Solar Power Save The Lone Star State? Texas, once the undisputed and seemingly infallible powerhouse of the United States energy sector and the worlds shale markets, is struggling to stay afloat. While the COVID-19 pandemic was disastrous for oil markets around the world, nowhere was harder hit than the Permian Basin. On April 20th the world watched as the final nail was driven into the shale revolutions coffin when the West Texas Intermediate crude benchmark did not just plunge into negative territory, it blew way past rock bottom and ended the day at nearly $40 ....
Expect the most evictions in history as ban expires (SPY +0.2%). Midday Movers: DoorDash, Airbnb, Denny s, Virgin Galactic, Arvinas. Here is the current market situation from CNN Money North and South American markets are mixed today. The S&P 500 is up 0.24% while the Bovespa gains 0.10%. The IPC is even. Traders Corner - Health of the Market What Is Moving the Markets Here are the headlines moving the markets. Exxon Vows To Reduce Emission Intensity ExxonMobil plans to reduce the greenhouse gas emissions from its global upstream operations by 2025, in support of the Paris Agreement, the U.S. supermajor said on Monday, days after it was criticized, again, by shareholders for lacking plans for the energy transition. ExxonMobil now aims to reduce the intensity of the greenhouse gas emissions from its operated upstream assets by 15 to 20 percent by 2025, compared to 2016 levels. Exxons methane intensity is targeted to drop by 40 to 50 percent, and flar ....