Market Update

WTI crude oil battles monthly resistance line after rising the most in over two weeks. The oil benchmark retreats to USD 71.22 during early Wednesday morning in Asia.Crude oil benefited from the market’s optimism to overcome the virus-related fears. Though, the weekly industry inventory report by the American Petroleum Institute …

Wall Street’s equity markets rebounded from Monday’s retreat as risk appetite surged and recovered from a three-day decline ahead of the Christmas holiday later this week. The Dow Jones Industrial Average rose 1.5% to 35,441.21, the S&P 500 increased 1.6% to 4,639.79, and the Nasdaq Composite was up 2.2% to …

US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …

WTI crude futures jumped around 4% to above USD 71 per barrel on Tuesday, after falling more than 5% in the previous two sessions as traders reassessed the demand outlook amid rising Covid cases globally and fresh lockdowns in some countries. British Prime Minister Boris Johnson said he would tighten …

US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting a near five-month low of $3.69 on December 17th, amid a surge in US exports and domestic forecasts for colder weather during the next month. The EU natural gas prices …

Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …

The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

Data released on Tuesday showed Retail Sales rose in Canada 1.6% in October, above expectations. According to analysts at the National Bank of Canada, the rebound at car dealers helps lift retail sales further above pre-crisis level. Analysts also see October’s retail sales report heralding a strong end of the …

European stocks tracked a global market rebound Tuesday, boosted by hopes that vaccines will work to stem the tide of surging omicron cases. However, a brewing energy crisis appeared to loom with a key Russian pipeline reversing course and raising questions about whether politics were behind the reversal.The Stoxx Europe …

UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …