13May2021 Midday Update: Oil Prices See Biggest Daily Fall Since Early April, WTI Slips To 63.55, DOW Up 458 Points At 12:30 ET, Nasdaq Up 0.8%, Colonial Pipeline Paid Hackers Nearly $5 Million
Markets surge as transitory inflation narrative reasserts itself as investors digest inflation and jobs data (SPY +1.2%). Producer Price Final Demand Again Increased Significantly. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Iran To Saudi Arabia: Sell Our Oil And We Will Reduce Houthi Attacks Iran is looking to persuade its reg...
Source: econintersect.com