Oil surpassed $65 a barrel amid signs of strengthening demand from the USA and China.
(Bloomberg) Oil surpassed $65 a barrel, the highest since mid-March, as signs of strengthening demand from the U.S. to China stoked optimism that key markets are turning a corner in their recovery from the pandemic.
U.S. benchmark crude futures rose 1.8% on Thursday for a third straight daily gain. Major cities in the U.S. are coming out of lockdown, with New York City aiming to fully reopen July 1 and Chicago broadly easing restrictions across industries. In Europe, the U.K.’s road-fuel sales are nearing last year’s summer levels. Consumption may also get a boost when China breaks for an extended holiday on Saturday, with mobility expected to climb to a record.
Stocks Steady; Bond Yields Up Amid Commodity Jump: Markets Wrap
Bloomberg 41 mins ago Andreea Papuc and Emily Barrett
(Bloomberg) Asian stocks were steady Wednesday following a renewed rise in Treasury yields and a jump in commodity prices, with investors also cautious ahead of the Federal Reserve’s policy decision.
Shares posted modest gains in Japan but slipped in South Korea and fluctuated in China. U.S. contracts edged up after the Nasdaq 100 dropped for the first time in three sessions amid declines in heavyweights such as Tesla Inc. Alphabet Inc. shares rallied in postmarket trade on stronger-than-expected quarterly sales. The S&P 500 closed little changed after swinging between gains and losses.
Apr 27 2021, 4:29 PM
April 27 2021, 3:02 AM
April 27 2021, 4:29 PM
(Bloomberg) Treasury yields rose and U.S. stock-index futures posted modest gains as investors weighed earnings reports amid optimism the developed world is on a firm path toward economic recovery. Commodities surged to the highest levels in almost three years.
(Bloomberg) Treasury yields rose and U.S. stock-index futures posted modest gains as investors weighed earnings reports amid optimism the developed world is on a firm path toward economic recovery. Commodities surged to the highest levels in almost three years.
Russell 2000 contracts led advances in the derivative market. Yields rose across the curve, while staying below recent peaks. The dollar increased for the first time in three days. Gamestop Inc. soared 8% in early New York trading after completing an âat-the-marketâ equity offering. Amazon Inc., which will release its profit report this week, also climbed.
U.S. Yields Rise as Earnings Confirm Growth Bets: Markets Wrap
Bloomberg 1 hr ago Srinivasan Sivabalan
(Bloomberg) Treasury yields rose with U.S. stock-index futures as earnings reports supported optimism the developed world is on a firm path toward economic recovery. Commodities surged to the highest levels in almost three years.
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Russell 2000 contracts led advances in the derivative market. Yields rose across the curve, while staying below recent peaks. The dollar increased for the first time in three days. Gamestop Inc. soared 9% in early New York trading after completing an “at-the-market” equity offering. Amazon Inc., which will release its profit report this week, also climbed.
U.S. futures erase advances as earnings roll in
Emily Barrett and Srinivasan Sivabalan, Bloomberg News
BNN Bloomberg s mid-morning market update: April 26, 2021 VIDEO SIGN OUT
U.S. stock-index futures erased gains, while Treasury yields rose, as investors weighed earnings reports amid optimism about economic recovery. Commodities surged to the highest levels in almost three years.
S&P 500 contracts were little changed after climbing as much as 0.3 per cent. Yields rose across the curve, while staying below recent peaks. The dollar increased for the first time in three days. Gamestop Inc. soared 8 per cent in early New York trading after completing an âat-the-marketâ equity offering.