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Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.
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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 fro...
Oil set for steady gains as economies shake off pandemic blues Source: Reuters The survey of 55 participants forecast Brent crude would average $59.07 per barrel in 2021, up from last month’s $54.47 forecast. This is the biggest month-on-month upward revision for the yearly forecast in Reuters polls going back until at least 2016. Brent has averaged around $58.80 so far this year. “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,” said Norbert Ruecker of Julius Baer. ...
What next: Life after the pandemic Gulf News talks to experts at Julius Baer on how the world will look post the pandemic In association with Image Credit: Gulf News Gulf News spoke to Julius Baer, the Swiss Wealth Manager, on the world after the corona crisis. All in all, the general trend is that the crisis accelerates existing structural trends rather than creating new ones. The world will nevertheless look different, but neither as much as we hope nor as much as we fear. Making healthcare resilient Dr. Damien Ng, Thematic Analyst The coronavirus crisis ...