Trump Derails "Santa rally", Brexit Deal Hopes Lift Pound Via Reuters: European stocks also got a lift from the Brexit deal hopes, rising 0.35%, though Britain’s internationally-focused FTSE 100 index was down 0.15%. Oil prices dropped after an industry report showed an unexpected rise in U.S. crude oil inventories. [O/R] In a video posted on Twitter, Trump said a stimulus bill, agreed after months of wrangling in Congress, was “a […]
Oil's Rally, Fueled By Vaccine Progress, Is Running Out Of Steam Via Reuters: The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is in sight. Reality struck back on Monday, however, with a selloff driven by the surge in cases in the United […]
Oil falls $2 As New Virus Strain Sparks Demand Worries Via Reuters: Oil prices tumbled by $2 on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand. Brent crude was down $2.06, or 3.9%, to $50.20 a barrel by 0926 GMT, and U.S. West Texas Intermediate (WTI) crude was […]
Global Stocks Lower After Wall St. Record On Stimulus Hopes Via AP News: Global stock markets and U.S. futures were mostly lower Friday after Wall Street hit a new high on optimism over economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims. Markets in Shanghai, Frankfurt, Tokyo and Hong Kong advanced while London opened higher. Overnight, Wall Street’s benchmark S&P 500 index gained for a third […]
Australia To File Complaint Against China At World Trade Organization Via Brietbart: Australia will formally request the World Trade Organization (WTO)’s mediation to resolve an ongoing trade dispute with China, Australia’s trade minister announced Wednesday. “Australian officials … advised their Chinese counterparts of Australia’s intention to request formal consultations with China in relation to the application of anti-dumping and countervailing duties against the Australian barley industry. We will make those formal […]
Honda Recalls 1.4M US Vehicles For Software, Other Problems Via AP News: Honda is recalling over 1.4 million vehicles in the U.S. to repair drive shafts that can break, window switches that can overheat and a software flaw. The software recall includes 737,000 Accords from 2018 to 2020 and Insights from 2019 and 2020. A programming flaw in a control computer can cause the rear camera, turn signals and windshield […]
Stocks Peak On Vaccine, U.S. Stimulus And Brexit Deal Hopes Via Reuters: World stocks rose to record highs on Wednesday while the safe-haven dollar reached its lowest in more than two and a half years on the prospect of effective coronavirus vaccines and more U.S. fiscal stimulus. European stocks and the euro also got a boost after PMI economic data came in better than expected and the European Central Bank […]
Ford, Looking For Tesla Buzz, Introduces Mach-E Mustang To Showrooms Via CNBC: Tesla cars and SUVs are often compared to an iPhone on wheels. Tesla’s four models — the S, 3, X and Y SUV — literally spell out the word “sexy.” High tech and sex appeal are not things most Fords are known for, but that’s something the 117-year-old automaker hopes to change with the all-electric Mustang Mach-E crossover. […]
Treasury Yields Climb As U.S. Coronavirus Vaccine Rollout Set To Begin Via CNBC: U.S. Treasury yields climbed on Monday morning, after Robert Redfield, the director of the Centers for Disease Control and Prevention signed off Pfizer’s coronavirus vaccine over the weekend, allowing vaccinations to begin. The yield on the benchmark 10-year Treasury note rose to 0.913% at 4 a.m. ET, while the yield on the 30-year Treasury bond reached 1.648%. […]
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