Tag Archives: demand

U. S. WTI sharply advances in the New York session, up by almost 2%, trading at $82.93 per barrel. Earlier, Tuesday, oil retreated under the $81.00 psychological figure, but later found support at the 1-hour 50-simple moving average at $80.99, which capped the downward pressure on the U. S. crude …

Square Inc. reported, Thursday, lower-than-expected revenue for Q3 as less volatile pricing for bitcoin has a significant impact on demand, though the company’s chief financial officer noted “strength” in volume during October.The company posted a break-even Q3, after earning $37 million, or 7 cents a share, in the year-earlier quarter. …

Solid domestic demand in the U. S. has caused import growth to outpace exports for the most of the past year, according to Wells Fargo.Analysts pointed out that with consumption slowly rebalancing back toward services spending, imports should eventually slow and provide some relief at U. S. largest ports. Industrial …

U.S. service providers expanded at a record pace in October, this surge comes on the back of resilient demand and stronger business activity as the impact of the delta variant faded.The Institute for Supply Management’s services index advanced to 66.7 last month, exceeding all expectations, from 61.9 in September, data …

Oil prices settled higher on Monday as expectations of solid winter demand and a belief that a key producer group will not change the current production pace fast helped reverse initial losses caused by the release of fuel reserves by No. 1 world energy consumer China.Brent crude futures settled up …

The U. S. Dollar Index rallies 0.86% during the New York session, is at 94.10, short of the 94.30 fresh weekly high. U. S. T-bond yields are falling, with the 10-year benchmark note down two basis points, at 1.545%.The market sentiment is mixed, depicted by European stock indices, splitting between …

Bloomberg has said that bets on rising U.S. yields “are adding to pressure on interest rates in the short term funding market”, where corporate cash holders make overnight loans by Treasury securities as guarantee.Yields on two-year notes tipped 0.44% this week, the highest level in a year, while investors still …

Crude oil prices erased earlier gains, Monday, as the global energy crisis won’t require added crude demand for the rest of October due to warmer weather.The Commodity Weather Group anticipates that the US will have warmer than normal weather for the remaining days of October.Oil prices have been skyrocketing on …

The head of the ECB banking supervision, Andrea Enria said there has been “an increase in vulnerabilities” in some countries’ residential real estate and an increase in cheap loans, have overheated the real estate market in many places, leading to an increased risk of a bubble.The European Central Bank has …

Economic policymakers have said inflation will prove temporary, but rising rents keep challenging that view and pressuring Washington to react.Work stoppages, supply shortages, and labor constraints due to the pandemic have kept developers from ramping up home building to meet the existing demand level.The Federal Reserve targets 2 percent annual …