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The American Petroleum Institute data showed that crude oil inventories in the United States fell last week, while fuel inventories rose. The data revealed that crude inventories fell 2.6 million barrels in the week ending April 2, while gasoline inventories increased 4.6 million barrels. Distillate stocks, which include diesel and …
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April, 2021
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7 April 2021 7:40 am
Fed’s Kaplan Supports Policies Changes after Pandemic
President of the Federal Reserve of Dallas said on Wednesday that the Fed should start pulling back from its monetary easing policies shortly after the end of the Coronavirus pandemic, which could spur strong growth, Reuters reported. The U.S. Federal Reserve should then start by tapering the pace of its …
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7 April 2021 5:44 am
Cryptocurrencies Achieve Record Investment Inflows and Market Cap
Cryptocurrencies continue to see growing interest and demand from both retail and institutional investors. Recent data by Coinshares indicated that investment inflows into cryptocurrency funds hit a new record high of $4.5 billion during the first quarter (Q1) of 2021, Reuters reported. Q1 inflows registered an 11% quarterly increase compared …
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7 April 2021 2:00 am
U.S. Oil Inventories Down 2.6 M Barrels in Week: API
Crude oil inventories in the United States declined last week by 2.6 million barrels, according to estimated by the American Petroleum Institute (API). Meanwhile, gasoline stockpiles rose by about 4.5 million in the week ended April 1, while distillate inventories grew by roughly 2.8 million barrels.
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7 April 2021 1:23 am
NYSE Closes Lower as Treasury Yields Rebound
The main indices of the New York Stock Exchange (NYSE) closed Tuesday lower, due to the rise in the benchmark 10-year U.S. Treasury bond yield to about 1.65%. The Dow Jones Industrial Average lost 96.95 points, or 0.29%, to close at 33,430.24 points. Meanwhile, the S&P 500 index fell by …
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6 April 2021 11:49 pm
Oil Settles 1% Higher on Positive Recovery Signs
Crude oil prices rose on Tuesday, supported by signs of economic recovery and positive expectations for the global economy this year. Recent economic data in the U.S. and China, the biggest two economic in the world, signaled a recovery from the negative impacts from the pandemic. In addition, the International …
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6 April 2021 11:01 pm
Gold Settles at Five-Week High
Gold prices rose on Tuesday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields, nearing a return to the $1,750 level and closing at its best level in about five weeks. The yellow metal futures for June delivery gained $14.20, or …
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6 April 2021 9:58 pm
European Stocks Hit New Record High
European stocks finished at a record high on Tuesday, as trading resumed following the Easter holiday, supported by an improved sentiment for recovery from the Coronavirus pandemic and recent positive economic data. The STOXX Europe 600 index surged to a new all-time high of 435.26 points, ending the session about …
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6 April 2021 9:45 pm
Growing U.S. Public Debt not Sign for Concern: IMF
Chief Economist at the International Monetary Fund (IMF), Gita Gopinath, said on Tuesday that the growing public debt in the United States, due to increased spending is not a sign for major concern, Reuters reported. Gopinath told reporters that the U.S. is in a better position to deal with the …
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6 April 2021 9:30 pm
Global Economy to Recover with Best Growth since 1970s: IMF
Developed economies are recovering from the pandemic at a better pace than previously estimated, according to the International Monetary Fund (IMF). The unprecedented high levels of public expenditure to combat the coronavirus pandemic is pushing the global economy towards a strong recovery. The IMF expects the global economy will grow …
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6 April 2021 9:16 pm
USD Continues to Decline Abolishing Earlier Gains
The U.S. Dollar (USD) continued to decline on Tuesday since the beginning of today’s American session, after registering some gains and fluctuations during the Asian and European trading hours. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.21% …
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6 April 2021 8:02 pm
Yellen Warns Against Withdrawing Economic Support Too Quickly
The United States Treasury Secretary, Janet Yellen, said on Tuesday that a strong economic recovery in the U.S. would help overall global growth, Reuters reported. More work is needed to deal with the vulnerabilities that the pandemic has shown, especially in the non-banking financial sector, as well as the global …
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6 April 2021 6:22 pm
US: JOLTS Job Openings Rise to 7.4 Million in February
The number of job openings on the last business day of February was 7.4 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This reading came in higher than the market expectation of 6.9 million.
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