Agriculture
The Seattle-based coffee chain reported mixed results for the second quarter on Tuesday, with earnings topping analysts’ expectations and revenue missing estimates. In the overnight electronic session, the May corn is currently trading at 681 which is 14 ½ cents lower. Commodities are extremely well bid, particularly lumber and corn. How Atlanta Is Blazing the Trail of 15-Minute Cities We re going to need more places for coffee meet-ups in the suburbs.
Some traders point out that the acreage numbers are why we corrected from above $7 and slammed the soybeans. Lumber, corn, semiconductor chips.
Some traders point out that the acreage numbers are why we corrected from above $7 and slammed the soybeans. Lumber, corn, semiconductor chips.
Currencies
less Gold prices fell to their lowest since April 20 on higher yields and a stronger dollar. The dollar rebounded as U.S. Treasury yields rose, while gold prices were in the negative territory. The U.S. dollar rebounded as Treasury yields rose, while gold prices were in the negative territory. Visa’s total payment volumes rose 11% on a constant dollar basis from a year earlier, its biggest jump since the start of the pandemic. The DXY US Dollar index rebounded for a third day to 91.00, exerting downward pressure on gold prices.
Stronger-than-expected readings may strengthen yields and the US Dollar further and weigh on precious metal prices. Meanwhile, the dollar index rose 0.1% and made the bullion more expensive for investors and traders using rival currencies. less It appears that the backing up of US yields is giving the dollar a better tone and challenging the Eurosystem, which has stepped up its bond purchases. But they believe that the bullion demand could recover if the dollar weakens or there is another surge in COVID-19 infections.
In case markets are undecided about the Fed and the dollar’s direction, GBP/USD could fall while others hold their ground against the greenback.
Stronger-than-expected readings may strengthen yields and the US Dollar further and weigh on precious metal prices. Meanwhile, the dollar index rose 0.1% and made the bullion more expensive for investors and traders using rival currencies. less It appears that the backing up of US yields is giving the dollar a better tone and challenging the Eurosystem, which has stepped up its bond purchases. But they believe that the bullion demand could recover if the dollar weakens or there is another surge in COVID-19 infections.
In case markets are undecided about the Fed and the dollar’s direction, GBP/USD could fall while others hold their ground against the greenback.
Metals
In 2002 when gold was $300 per ounce, MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system. Teck Resources Ltd: The Canadian miner reported a 246.8% jump in first-quarter adjusted profit, driven by higher copper prices as COVID-19 vaccine rollouts boosted investment demand for raw materials. Gold prices for the latest contract on MCX are trading down by 0.9% at Rs 46,871 per 10 grams. Gold prices are trading down 0.7% at Rs 46,951 per 10 grams.
Their median forecast for gold prices is $1,784 per ounce in 2021 and $1,743 in 2022. Average price realized for copper rose 54% to $3.92 per pound in the first quarter, while sales stood at 67,000 tonnes compared with 73,000 tonnes a year earlier. A Reuters survey showed that gold traders and analysts lowered their forecast for gold prices. Spot gold is currently trading at $1,769.38 per ounce as of 0828 GMT. The Gold Analyst offers quality technical and fundamental analysis of the price of gold to help educate readers in their investment decisions.
On MCX, gold futures fell 0.3% to Rs 47,151 per 10 grams.
Their median forecast for gold prices is $1,784 per ounce in 2021 and $1,743 in 2022. Average price realized for copper rose 54% to $3.92 per pound in the first quarter, while sales stood at 67,000 tonnes compared with 73,000 tonnes a year earlier. A Reuters survey showed that gold traders and analysts lowered their forecast for gold prices. Spot gold is currently trading at $1,769.38 per ounce as of 0828 GMT. The Gold Analyst offers quality technical and fundamental analysis of the price of gold to help educate readers in their investment decisions.
On MCX, gold futures fell 0.3% to Rs 47,151 per 10 grams.
Oil
In a report by OPEC plus experts, the group forecast global oil demand in 2021 would grow by 6 million bpd, after falling 9.5 million bpd last year. less Crude oil prices are showing confidence in growing oil demand in part because OPEC plus is as well. “The market expects a major revitalization for global oil demand from this summer onwards,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. The group forecast global oil demand to grow by 6 million bpd, after falling 9.5 million bpd last year.
BEFORE THE BELL Futures for Canada’s main stock index were higher as oil prices gained on forecasts of recovery in global fuel demand.
Oil prices did not seem fazed by a reported +4.319 million barrel increase in crude supply. Oil prices gained on forecasts of recovery in global fuel demand. Meanwhile, Goldman Sachs Group Inc. is forecasting an unprecedented jump in global oil demand as vaccination rates rise. Crude Oil Inventories report is expected today, which may have a significant impact on the price change. Gasoline consumption across the country is on track for its third straight monthly increase, which which would be the longest streak since last summer, Energy Information Administration figures showed.
BEFORE THE BELL Futures for Canada’s main stock index were higher as oil prices gained on forecasts of recovery in global fuel demand.
Oil prices did not seem fazed by a reported +4.319 million barrel increase in crude supply. Oil prices gained on forecasts of recovery in global fuel demand. Meanwhile, Goldman Sachs Group Inc. is forecasting an unprecedented jump in global oil demand as vaccination rates rise. Crude Oil Inventories report is expected today, which may have a significant impact on the price change. Gasoline consumption across the country is on track for its third straight monthly increase, which which would be the longest streak since last summer, Energy Information Administration figures showed.
United States
The company’s quarterly adjusted earnings per share fell 12% from a year earlier to $3.70, short of the $4.04 forecast by Wall Street analysts, as calculated by Refinitiv. Quarterly revenue of $41.71 billion and adjusted earnings per share of $1.95 were both better than Wall Street expectations.The stock was still down nearly 2.3% when the market opened. PIMCO Markets mixedBiden’s latest spending plan, the Fed decision and a raft of earnings means there’s a lot for investors to digest.
Humana Inc: The company beat Wall Street estimates for quarterly profit, benefiting from higher sales of its Medicare advantage plans for the elderly and people with disabilities. Although the Fed is widely expected to keep its policy interest rate unchanged, expectations for an earlier withdrawal of its quantitative easing program have been rising. Shipping surge | UPS s profit rose far beyond what Wall Street expected, buoyed by strong, broad sales growth as the rollout of Covid-19 vaccines helped stimulate the economy.
The adverse economic impact brought on by the third viral wavein Japan, India and Brazil may hinder the Fed from considering tightening monetary policy any time soon. Investors believe the Fed might drop a hint about tapering monetary policy. (Source: Bloomberg)Economists say it’s possible the Fed could tweak its interest rate on excess reserves, currently 0.10%. The US Federal Reserve is set to leave its policy unchanged but will have to acknowledge the improving economic environment in the US.
Humana Inc: The company beat Wall Street estimates for quarterly profit, benefiting from higher sales of its Medicare advantage plans for the elderly and people with disabilities. Although the Fed is widely expected to keep its policy interest rate unchanged, expectations for an earlier withdrawal of its quantitative easing program have been rising. Shipping surge | UPS s profit rose far beyond what Wall Street expected, buoyed by strong, broad sales growth as the rollout of Covid-19 vaccines helped stimulate the economy.
The adverse economic impact brought on by the third viral wavein Japan, India and Brazil may hinder the Fed from considering tightening monetary policy any time soon. Investors believe the Fed might drop a hint about tapering monetary policy. (Source: Bloomberg)Economists say it’s possible the Fed could tweak its interest rate on excess reserves, currently 0.10%. The US Federal Reserve is set to leave its policy unchanged but will have to acknowledge the improving economic environment in the US.
Europe
The EU’s executive arm said Wednesday that traders at the banks worked together on trading strategies, exchanged sensitive price information and coordinated prices for sovereign bonds denominated in dollars. Four years of Brexit drama end as EU lawmakers back trade deal. Deutsche Bank AG also participated in the trades, but wasn’t fined because it alerted the EU about the existence of the alleged cartel. Carbon Offsets Come Into Focus as Part of EU Green Overhaul Europe could create a new carbon emissions-cutting market to attract billions of euros of investment.
less Brexit, vaccinations, spending plans even Prime Minister Boris Johnson’s scandals are all put on the sidelines – it is . Pixabay The ECB released macroeconomic statistics on the change in assets on its balance sheet. A volatility spike can be expected at 14:00 GMT during Lagarde’s speech.
0 less Brexit, vaccinations, spending plans even Prime Minister Boris Johnson’s scandals are all put on the sidelines – it is . Pixabay The ECB released macroeconomic statistics on the change in assets on its balance sheet. A volatility spike can be expected at 14:00 GMT during Lagarde’s speech.
