16Mar2021 Market Close: Big-tech Trumps Small Caps As Inflation Outlook Hits 13-year High, DOW Closed Down 128 Points, Nasdaq Up +0.1%, WTI Settles At 64.65, Bitcoin Higher 56200
U.S import prices jump as oil and other commodities rally (SPY -0.1%). Lithium prices have soared 88% this year. The Market in Perspective Here are the headlines moving the markets. Are Analysts Underestimating Chinese Oil Demand? Chinas annual session of the National Peoples Congress (NPC) last week set an annual economic growth target that at above 6 per cent - looks conservative to many and, as such, it is likely that the countrys demand for oil will be significantly higher than is implied in the growth figure. The soft economic growth target is a really low bar considering that annual ...
Source: econintersect.com