Currencies
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.13 per cent to 90.92.
Metals
In his writing and research, Sumner specializes in monetary policy, the role of the international gold market in the Great Depression, and the history of macroeconomic thought.
Oil
Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 66 per barrel. Brent crude futures are slightly higher.Coming Up A hectic day of earnings may give stocks proper direction, with European equity futures currently pointing to a slightly lower opening. The alliance is due to consider whether it s safe to proceed with plans to revive halted oil production. That’s about as sensible as saying that “in principle”, a gallon of gasoline should pay the same tax as a gallon of Scotch whiskey.
Tesla earnings, Johnson controversy, Europe’s vaccine progress and a bullish OPEC+.
Tesla earnings, Johnson controversy, Europe’s vaccine progress and a bullish OPEC+.
United States
The S&P 500and Nasdaq closed at record highs on Monday, fuelled by heavyweight growth stocks ahead of a deluge of earnings reports this week. He said it hadn’t stopped UBS from improving its capital position in the quarter and that the investment bank was able to bear the loss. UBS said it has fully exited the fund’s positions now and the additional losses in the second quarter are immaterial. Shilpa is now making efforts to enforce its IP in the US.NILE has informed the exchanges that operations at its Tirupati plant has been interrupted due to oxygen issue.
“However, despite the hopeful signs, a bullish session on Wall Street failed to inspire Asian markets. UBS was one of about a half-dozen banks that lent to Archegos to take large, concentrated positions in stocks. Monday’s monthly report from the Dallas Fed showed yet another strong reading on the manufacturing sector. Archegos, the family office of Bill Hwang, wreaked havoc across Wall Street when it couldn’t meet margin calls in March.
“However, despite the hopeful signs, a bullish session on Wall Street failed to inspire Asian markets. UBS was one of about a half-dozen banks that lent to Archegos to take large, concentrated positions in stocks. Monday’s monthly report from the Dallas Fed showed yet another strong reading on the manufacturing sector. Archegos, the family office of Bill Hwang, wreaked havoc across Wall Street when it couldn’t meet margin calls in March.
Europe
PayPal One in FourOne in four adults in the European Union have received at least one dose of a Covid-19 vaccine, European Commission President Ursula von der Leyen said. Meanwhile, the bloc’s largest economy, Germany, aims to open vaccinations to all adults by early June, Angela Merkel said.
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