Currencies
The dollar traded slightly lower as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, while gold prices rose. The U.S. dollar traded slightly lower as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data. In the euro area, manufacturers are battling unprecedented delays in securing raw materials and parts, leading to a record build-up of uncompleted orders and rising prices.
Strong euro zone factory activity and German retail sales data pushed European stocks up. Sterling and the Swedish krona are leading European currencies higher, while the yen, and to a lesser extent, the Canadian dollar, are nursing losses. The dollar, which rose sharply ahead of the weekend is narrowly mixed today. The dollar was little changed on Monday, but gold pushed higher.
Strong euro zone factory activity and German retail sales data pushed European stocks up. Sterling and the Swedish krona are leading European currencies higher, while the yen, and to a lesser extent, the Canadian dollar, are nursing losses. The dollar, which rose sharply ahead of the weekend is narrowly mixed today. The dollar was little changed on Monday, but gold pushed higher.
Metals
BEFORE THE BELL Futures for Canada’s main stock index edged higher, boosted by rising gold prices, while investors awaited factory activity data and earnings update. Elliott Wave Gold: Wave (ii) completed, but needs confirming that the structure is bullish and not bearish, there is still risk to the downside. S&P 500 futures pointed to a move higher at the open, the Treasury cash market was closed and gold gained. Gold Daily The precious metal is struggling against the top of a falling flag.
Gold is consolidating in last Thursday’s range (~$1756-$1790) and is slightly firmer. Gold Trading Strategy: Long above 1780 Video Length: 00:18:12 Peter Mathers started actively trading in 1982. The yen weakened, while gold advanced.
Gold is consolidating in last Thursday’s range (~$1756-$1790) and is slightly firmer. Gold Trading Strategy: Long above 1780 Video Length: 00:18:12 Peter Mathers started actively trading in 1982. The yen weakened, while gold advanced.
Oil
Saudi seaborne crude exports for last week were seen at 36.0 million bbl (5.1 million bpd) compared to 37.1 million bbl (5.3 million bpd) the week prior. less Demand fears are still holding back the crude oil market along with the prospect of a deal to get Iranian oil back on the market. Tanker Trackers says that another 1.5 million barrels of Iranian crude oil are expected to arrive this week in Baniyas, Syria. In Europe, the Stoxx 600 Index was broadly unchanged at 5:50 a.m. Eastern Time with energy stocks among the worst performers as oil demand fears rose again.
less A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.J. OPEC production was assessed by the Reuters OPEC survey at 25.17 million bpd in Apr, a 100,000 bpd increase month on month. However, that is the least likely of scenarios as most traders are playing the “reopening trade” through the oil market. The total number of active U.S. oil rigs slipped by 1 to 342 rigs this week, Baker Hughes Inc reported Friday.
Drone attacks on Saudi oil fields suggest that Iran is still not worthy to get sanctions lifted but the Biden administration does not care. Baghdad may end up buying Exxon’s 32.7% stake in the West Qurna-1 oil field in southern Iraq, the minister said.
less A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.J. OPEC production was assessed by the Reuters OPEC survey at 25.17 million bpd in Apr, a 100,000 bpd increase month on month. However, that is the least likely of scenarios as most traders are playing the “reopening trade” through the oil market. The total number of active U.S. oil rigs slipped by 1 to 342 rigs this week, Baker Hughes Inc reported Friday.
Drone attacks on Saudi oil fields suggest that Iran is still not worthy to get sanctions lifted but the Biden administration does not care. Baghdad may end up buying Exxon’s 32.7% stake in the West Qurna-1 oil field in southern Iraq, the minister said.
United States
US S&P and Dow futures are trading higher, but the NASDAQ was nearly flat after a mixed performance last week. BEFORE THE BELL Wall Street futures traded higher, after the major indexes ended down in the previous session weighed down by technology-related companies. Wall Street futures traded higher, after the major indexes ended down in the previous session weighed down by technology-related companies. Though things are a bit different in the US where announcements like AAPL’s $60bn buyback authorization last week, are helping to return quarterly buybacks back to pre-pandemic levels (AAPL).
Monday’s mood reversed from last Friday’s surprise selloff as the biggest nasdaq companies reported blowout earnings only to be punished by the market. A follow-up to this expectation is that we also anticipate more new, record levels for certain of the major averages, including the Nasdaq (COMP). In addition, the earnings season continues, while the US will also announce details of its quarterly refunding plans.
Rising South Korean exports to its major trading partners, including China, the US, EU, ASEAN, and Japan, underscore that the global recovery is accelerating.
The new initiative shows the growing importance of environmental, social and governance, or ESG, factors as Wall Street firms compete for investment dollars. The Nasdaq Daily Sentiment Index fell below 60 for the first time in more than 3 months toward the end of February.
Monday’s mood reversed from last Friday’s surprise selloff as the biggest nasdaq companies reported blowout earnings only to be punished by the market. A follow-up to this expectation is that we also anticipate more new, record levels for certain of the major averages, including the Nasdaq (COMP). In addition, the earnings season continues, while the US will also announce details of its quarterly refunding plans.
Rising South Korean exports to its major trading partners, including China, the US, EU, ASEAN, and Japan, underscore that the global recovery is accelerating.
The new initiative shows the growing importance of environmental, social and governance, or ESG, factors as Wall Street firms compete for investment dollars. The Nasdaq Daily Sentiment Index fell below 60 for the first time in more than 3 months toward the end of February.
China
Chinese Solar Firm Plans Tours to Rebut Forced Labor Claims U.S.-listed Daqo New Energy Corp. has fired back at allegations of forced labor in Xinjiang. Beijing seems to not yet have figured that out.
Europe
But the key points at issue in the Epic case and the EU charges go well beyond the size of Apple’s cut. On Friday, European Union regulators said in an antitrust complaint that Apple is abusing its power as a gatekeeper for app makers. Amazon.com Inc: Europe’s second-highest court will rule on May 12 on Amazon’s appeal of an EU order to pay about 250 million euros in back taxes to Luxembourg. Apple still has a chance to argue its case before the EU’s regulatory commission before it renders its decision.
Apple responded that the EU s argument on Spotify s behalf is the opposite of fair competition. It allows China to enlist countries to advocate for it in blocs including the European Union. ET7 is less likely to be qualified by and shipped to the EU as it was just shown in Shanghai Auto Show. Most of the demand increase that they see are in places like the United States, China, the European Union and the United Kingdom.
0 Apple responded that the EU s argument on Spotify s behalf is the opposite of fair competition. It allows China to enlist countries to advocate for it in blocs including the European Union. ET7 is less likely to be qualified by and shipped to the EU as it was just shown in Shanghai Auto Show. Most of the demand increase that they see are in places like the United States, China, the European Union and the United Kingdom.
