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U.S. weekly jobless claims total 779,000 vs. 830,000 estimate (SPY +0.3%). Biggest premarket movers: Canada Goose, eBay, PayPal, Qualcomm.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.26%, while London s FTSE 100 is off 0.42%. Shares in France are unchanged with the CAC 40 at 5,563.05.
What Is Moving the Markets
Here are the headlines moving the markets.
How High Will Oil Prices Go This Year?
Introduction This week we hit some milestones in the year-long recovery from the oil demand crash of 2020. West Texas Intermediate, (WTI) hit and moved past the $55.00 level, and Brent moved closer to $60. These are some important psychological barriers for the market, and if sustained, as we expect they will be, will push prices higher. What happened? The API announced a significant draw of ~4.3 mm barrels in crude stocks yesterday when a modest build was expected. Moves lower in gasoline and distillate st ....

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