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Global markets are mixed this morning with only small movements up or down. Gold is trending up, oil is mixed, and bitcoin is also trending up.
Here is the current market situation from CNN Money
European markets are mixed today. The DAX is up 0.52% while the FTSE 100 gains 0.06%. The CAC 40 is off 0.36%.
What Is Moving the Markets
Here are the headlines moving the markets.
How Much Higher Can Oil Prices Go? Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on as being possible in this period of time. The first is the production curbs by U.S. producers and of course, the millions of barrels of oil per day withheld by the OPEC+ cartel. The second is recovering demand, putting-so far, slight pressure on supplies, and creating a market condition known as Backwardation. A market condition where the future price of a commodity
New-yorkUnited-statesTaiwanXinjiangJiangxiChinaHong-kongParisFrance-generalFranceUnited-kingdomTexasTwitter racks up its second $1 billion quarter, sending shares toward a 52-week high (SPY +0.5%). Coca-Cola earnings top estimates and treasury yields tumble.
Here is the current market situation from CNN Money
European markets are mixed today. The FTSE 100 is up 0.12% while the CAC 40 gains 0.10%. The DAX is off 0.02%.
What Is Moving the Markets
Here are the headlines moving the markets.
Morgan Stanley: Gasoline Industry Is About to Become Totally Worthless The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy. But nowhere has this change been as dramatic as the transport industry, with EV titans such as Tesla Inc. (NASDAQ:TSLA) and NIO Ltd. (NYSE:NIO) now commanding substantially higher valuations than their imposing ICE brethren,
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