US stocks rose for the third straight session on Thursday, the S&P gained 0.7% marching towards intraday record high of 4,743 hit on November 22nd, the Dow Jones added more than 200 points and the Nasdaq Composite jumped 0.8% as fears that the omicron variant would derail economic growth receded …

WTI crude futures rose more than 1% to trade around $73.5 per barrel on Thursday, hovering near 4-week highs, amid an improvement in risk appetite as economic optimism grows. Despite the rise in Covid-19 cases and new restrictions, investors are betting that the economic recovery will not derail as studies …

Analysts at Wells Fargo, in line with market consensus see a cumulative 125 bps of rate hikes during 2022 and 2023. They expect an initial 25 bps rate hike during the third quarter and a cumulative 125 bps of rate hikes being completed by the third quarter of 2023. The …

Data released on Thursday showed GDP rose in Canada 0.8% in October and the Canadian economy is expected to grow at a 6.5% rate during the fourth quarter. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at least temporarily. Motor vehicle and parts manufacturing jumped 19% …

The major averages are comfortably higher on low volume as investors start to head for the exits and start the holidays.The S&P are up by +0.7%, Nasdaq +0.7% and Dow +0.6%. Ten of 11 S&P sectors are higher, led by Industrials and Materials. Real Estate is the only decliner. All …

The University of Michigan’s consumer sentiment for the US rose to 70.6 in December of 2021, from 67.4 last month and above preliminary estimates of 70.4 points. The gauge for expectations was revised higher to 68.3 from 67.8 and the current conditions subindex was revised lower to 74.2 from 74.6. …

The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19. The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 …

AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …

The US economy grew faster than expected in the third quarter of 2021 at 2.3%, up from an estimate of 2.1%.  The third-quarter growth in America’s total output in goods and services significantly slowed from the first two quarters where growth soared to 6.3% and 6.7% respectively. GDP growth is …

The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19.The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 pill, …