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Ten-year yield rebounds from lows of day, climb back above 1.5%. (SPY +0.7%) Calm returns, futures rebound as yields drop after historic pounding. Here is the current market situation from CNN Money North and South American markets are mixed. The S&P 500 is higher by 0.27%, while the IPC is leading the Bovespa lower. They are down 1.39% and 0.98% respectively. What Is Moving the Markets Here are the headlines moving the markets. Reuters Poll: Bankers See Steady Rise In Oil Prices Brent crude will average $59.07 per barrel this year, according to a Reuters survey of analysts. This is up from last months consensus on an average of $54.47 a barrel, reflecting growing optimism about the immediate future of the worlds most traded commodity. Travel and leisure activity look set to catch up to buoyant manufacturing activity due to the mix of stimulus, confidence, vaccines, and more targeted pandemic measures, one of the survey respondents, Norbert Ruecker from ....
Airline stocks are the most overbought they ve been in years (SPY +0.3%). Rail week ending 13 February 2021 - a real bad week for rail. Here is the current market situation from CNN Money What Is Moving the Markets Here are the headlines moving the markets. How High Can Oil Really Go? Oil price revisions started cautiously: some banks saw Brent crude averaging $65 a barrel this year, and others, of a bolder nature, predicted that the oil benchmark could climb to $65 a barrel. Just a couple of months ago, these forecasts sounded pretty optimistic for the environment, given the slow rollout of Covid-19 vaccines, the continuing excess supply of oil, and reports of coronavirus variants emerging in different parts of the world, threatening new infection waves. Now, banks and traders are talking about Brent at $100 a barrel. Of course, ....