Page 9 - Us Stimulus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US markets are to open higher today, hovering close to recent all-time highs, ahead of president-elect Joe Biden outlining his new economic stimulus plan this evening.

Oil and gold head lower January 14, 2021SharePrint Profit-taking hits oil prices Oil prices beat a modest retreat overnight with official US Crude Inventory data broadly neutral. Headline crude inventories fell more than expected, but distillate and gasoline inventories rose more than expected. That was enough to spark speculative longs to lock in some profits with Brent crude and WTI’s relative strength indices (RSIs) having been in overbought territory for most of this week. Brent crude eased 1.25% to USD56.00 a barrel, and WTI fell 0.80% to USD52.85 a barrel. Both contracts remain unchan...

The return of the Queen January 14, 2021SharePrint The Trump impeachment vote was overshadowed by momentous scenes at 0530 this morning in South Jakarta, as Queen Cricket returned to her palace. The unannounced royal trip, lasting two nights, led to frantic searches of the wider realm by her servants. Her feline highness announced her arrival loudly at the front door of the palace in the early hours. In other news, financial markets diverged once again overnight. US equities traced out a modestly positive day with technology outperforming as usual. US yields fell overnight after an excellent ...

Powell React: Fed dovish stance affirmed January 14, 2021SharePrint Powell sends a dovish message to markets US stocks held onto miniscule gains following Fed Chair Powell’s dovish hold as investors await details of President-elect Biden’s stimulus package.  Depending on how this plan is pieced will determine if this stimulus will get a fast track or have to go through the reconciliation process.  The boosting of stimulus checks to USD2,000, expanding unemployment benefits and throwing everything at fighting COVID should receive much support from Republicans.  The Blue Wave does not so...

Oil rally peters out, gold pares losses, bitcoin surges January 14, 2021SharePrint Oil runs out of steam Crude’s steady ride higher appears to be running out of gas.  Much of the rebound in oil prices has been vaccine optimism, bearish dollar bets that is boosting commodities across the board, and as the Saudis lead the charge to drain global oil stockpiles.  Risky assets, including crude prices, are also benefiting from expectations the Biden administration’s looming stimulus package announcement is just the beginning of fiscal support that he will deliver. Oil was unfazed from the lat...