Russia’s production of oil and gas condensate rose 5% in August to 41.7 million tons, or 9.86 million barrels per day, from 9.37 million barrels per day in July, Interfax news agency reported, citing data from the Russian Energy Ministry. The increase follows a decision by a group of oil-producing …
Read More »Crude Oil Futures Higher During Asian Session
According to the New York Mercantile Exchange, crude oil futures for October were traded at $43.09 a barrel, up 0.77%. It was previously traded at a session high at $43.16 a barrel. Crude oil may find support at $42.36 and resistance at $43.57. The dollar index, which measures the performance …
Read More »Gold Futures Fell During Asian Session
According to the COMEX, gold futures for December were traded $ 1971.20 per ounce, down 0.39%. It previously traded at a session low at $ 1965.80 an ounce. Gold may find points of support at $ 1914.70 and resistance at $ 2001.20. The dollar index, which measures the performance of …
Read More »API: Crude Stocks Fell by More Than 6 M Barrels
American Petroleum Institute data released showed a decline in US inventories of crude oil and fuel in the latest week. Crude inventories fell 6.4 million barrels for the week ending August 28 to about 501.2 million barrels, while analysts expected a decline of 1.9 million barrels. Crude stocks at the …
Read More »Japan Stocks Rise on Hopes For US Economy
Japanese stocks rose on Wednesday, September 2, after positive data for the manufacturing sector in the United States revived hopes that the global economic recovery from the Covid-19 pandemic remained on track. Nikkei closed up 0.47% to 23,247.15 points, while TOPIX index rose 0.47% to 1623.40 points. Stocks also received …
Read More »FX Option Expiries For Sept 2 NY Cut
FX option expiries for Sept 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1875 929m – USD/JPY: USD amounts 105.55 829m105.75 465m106.00 581m106.50 1.1bn – USD/CAD: USD amounts 1.3225 1.1bn – NZD/USD: NZD amounts 0.6750 211m
Read More »Mnuchin: Economy Urgently Needs Additional Financial Incentives to Fully Recover
US Treasury Secretary Stephen Mnuchin said the economy desperately needs additional financial incentives to fully recover from the Covid-19 crisis, and Mnuchin added that parts of the economy still need additional support. Minuchin held Democrats in the House and Senate in Congress responsible for the failure of negotiations on a …
Read More »US: Markit Manufacturing PMI Improves to 53.1 in August
The IHS Markit’s Manufacturing Purchasing Managers’ Index (PMI) for the US improved from 50.9 in July to 53.1 in August to show that the economic activity in the manufacturing sector continued to expand at a robust pace. This reading came in slightly weaker than the previous estimate and the market …
Read More »Canada: PMI Climbs to 55.1 in August
The economic activity in Canada’s manufacturing sector expanded at a stronger pace in August than it did in July with the IHS Markit’s Manufacturing PMI rising to 55.1 from 50.4. This reading beat the market expectation of 50.4. “Latest data highlighted a strong upturn in the Canadian manufacturing industry, continuing …
Read More »Nasdaq Opens at a Record High
The Nasdaq index, which is full in technology stocks, reached a record high at the open today, Tuesday, after Apple shares rose and following positive data for the manufacturing sector in China and Europe, which raised an atmosphere of optimism ahead of the US factory activity figures. The Nasdaq rose …
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