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Oil Futures Gain as Traders Watch OPEC, Manufacturing Data

Crude and refined products futures and the Brent contract moved higher, in concert with surging equities and retreating bond yields after the House of Representatives passed President Joe Biden s $1.9 trillion fiscal relief package.

February 2021 ISM and Markit Manufacturing Surveys Mixed

February 2021 ISM and Markit Manufacturing Surveys Mixed The ISM Manufacturing survey improved and remains in expansion. The Markit PMI manufacturing index marginally declined but remains in expansion. The index value of ISM and Markit are similar. Analyst Opinion of the Manufacturing Surveys Based on these surveys and the district Federal Reserve Surveys, one would expect the Fed s Industrial Production index growth rate to be the same as last month. Overall, surveys do not have a high correlation to the movement of industrial production (manufacturing) since the Great Recession. No question these surveys suggest the economy is no longer in recession.

Promoted content: Building a resilient post-COVID business world

Promoted content: Building a resilient post-COVID business world
theengineer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theengineer.co.uk Daily Mail and Mail on Sunday newspapers.

DXY: US dollar index pulls-back after disappointing NFP data

DXY: US dollar index pulls-back after disappointing NFP data The economy added just 49,000 jobs below the estimated 50,000. The unemployment rate dropped from 6.7% to 6.3% The US dollar index (DXY) pared back some of its earlier gains after the US released the first nonfarm payroll numbers of Joe Biden’s presidency. It is trading at $91.20, which is slightly below this week’s high of $91.60. US dollar index trend US nonfarm payroll numbers The American labour market made a modest recovery in January even as the country continued to battle the coronavirus pandemic. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

FTSE 100 finds silver lining

FTSE 100 finds silver lining
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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