GM extends plant shutdowns due to global semiconductor chip shortage (SPY -0.3%). Budget 2021: Economy to recover six months faster than expected.
Here is the current market situation from CNN Money
North and South American markets are mixed. The IPC is higher by 0.99%, while the Bovespa is leading the S&P 500 lower. They are down 1.21% and 0.19% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Maduro Hints At New Business Models In Oil The Venezuelan National Assembly will consider reforms to the country's oil law that will open the door to new business models, President Nicolas Maduro said this week, as quoted by Reuters. Maduro did not offer any details on the reforms and what these new business models would entail. The statement appears to be the latest attempt by the Venezuelan government to reverse a seemingly irreversible downturn in the country's oil industry, resulting from years of underinvestment, mismanagement, and U.S. sanctions. The current