Open: London Session | Forex, Metals, Oil, Agriculture June 03, 2021

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Metals

Employment, 000’s (blue, left scale), and production (red, right scale), in NAICS 3311, iron and steel. All this comes at a time of a 60% increase in the iron/steel PPI.

Oil

“The S&P 500 energy sector, the best-performing group this year, extended its rise, gaining 1.7% as oil prices pushed higher. The Aussie was little changed at $0.7749.Brent rose 24 cents to settle at $71.59 a barrel,its highest since January 2020.U.S. West Texas Intermediate (WTI) crude rose 25cents to $69.08 a barrel, its highest since October 2018.

United States

The St Louis Fed data repository does not have monthly data for New Mexico (manufacturing is extremely tiny), but the annual data suggests a miniscule employment gain of 400. Overnight, the US stocks closed flat but in the green.According to analysts, the market may remain in a narrow range ahead of the RBI policy announcement on Friday. less Here is a detailed analysis of manufacturing employment at the state level, investigating the Wall Street Journal claim The Southwest Is America’s New Factory Hub.
Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis. The Trump order targeted companies owned, controlled or otherwise affiliated with the Chinese military. Netanyahu on the brink of being unseated, the EU on track to reach 70% of adults vaccinated in July, and Biden modifies Trump s China measures. This is a mission to stick it to Wall Street and the hedgies, and to reverse inequality by redistributing money from rich to poor.
Pegfilgrastim has estimated annual sales of $3.66 billion in the US. As far as the rest of the Wall Street is concerned, they ve seen this show before, and they re getting bored.That might be unwise. Unheard of in the days when all Wall Street could say was “Buy”.

China

At some point in the near future, the People’s Republic of China (PBOC) will be launching a new “digital yuan”—basically an online version of its existing currency (i.e.

Europe

The EU’s top court rules in a challenge by the European Commission against Germany over worsening air quality levels 9:30 a.m. The EU’s top court rules on Recylex’s bid to get a reduction in its EU antitrust fine for fixing prices for car batteries 9:30 a.m. The EU’s top court gives a non-binding opinion in the appeals by Sony a Hitachi-LG joint venture and Toshiba-Samsung against a 2015 EU cartel fine 9:30 a.m. The proposals are subject to approval by EU governments, which have repeatedly voiced their support for punishing polluters abroad.

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