Oil Inventories Unexpectedly Rise by 1.026M Barrels Last Week: API

© Reuters. By Yasin Ebrahim Investing.com – U.S. oil stockpiles unexpectedly rose last week despite a cold snap sweeping across Texas that shut in production across the oil-rich state and left millions without power.   rose 1.026 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a fall of 5.8 million […]

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Pfizer to ship 13 million COVID-19 vaccine doses per week to U.S. by mid-March, says executive

© Reuters. FILE PHOTO: A woman holds a small bottle labeled with a ‘Coronavirus COVID-19 Vaccine’ sticker and a medical syringe in front of displayed Pfizer logo in this illustration By Carl O’Donnell (Reuters) – Pfizer Inc (NYSE:) expects to deliver more than 13 million doses of its COVID-19 vaccine per week to the United […]

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Wall Street Week Ahead: Rising U.S. bond yields pose new threat to sky-high stocks

© Reuters. The Wall St. sign is seen outside the NYSE in New York By Lewis Krauskopf NEW YORK (Reuters) – The U.S. stock market has so far digested a surge in Treasury yields, but some investors are worried that a continued ascent could prove more problematic. The yield on the benchmark 10-year Treasury note, […]

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Key events and releases for the week starting February 22

Key events and releases for the week starting February 22 Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Fed Powell testifies. RBNZ rate decision Monday German Ifo business climate index. 4 AM ET/0 900 GMT NZD retail sales QoQ, 4:45 PM ET/2145 GMT Tuesday UK employment statistics. 2 PM ET/0700 GMT Fed Powell […]

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Forexlive Americas FX news wrap: USD falls to end the week

Forex news for North American trading on February 19, 2021 The USD was the weakest currency at the close of yesterday and it continued the move to the downside today. Although it was not the weakest of the majors (the CHF was the weakest), it fell vs all the majors with the exception of the CHF.  The biggest […]

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Artisan Partners to meet Danone board members next week

© Reuters. FILE PHOTO: Company logos are seen on products displayed before French food group Danone 2019 annual results presentation in Paris PARIS (Reuters) – U.S. investment company Artisan Partners (NYSE:), which is putting pressure on France’s Danone to shake up its management amid criticism over weak returns, will meet several of its board members […]

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Dollar Edges Higher, But Set to Record Losing Week

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Friday, but still heading for its first weekly loss in three as doubts emerge about the strength of the U.S. economic recovery. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

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Gold Has First Winning Week in Three; Outlook Cloudy

Investing.com – Gold clinched a weekly gain on Friday after two weeks in the red. But two straight negative sessions before the end of the week also clouded the near-term outlook for the yellow metal. Gold has struggled to put in a meaningful recovery since tumbling to 10-week lows beneath $ 1,785 an ounce last […]

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GBP/USD Jumps to More Than 2-Year High Ahead of Data Deluge Next Week

© Reuters. By Yasin Ebrahim Investing.com – The pound surged to more than two-year highs on Friday, and remained on track for its fifth-weekly win on growing expectations for a strong vaccine-led rebound in the economy ahead of an important week of data that will include clues on monetary policy. rose 0.26%, to $ 1.3850, […]

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Gold In Strong Start to Week on Biden Stimulus Push

By Barani Krishnan Investing.com – Gold’s hedging side came through on Monday as it rallied to near mid-$ 1,800 levels on the Biden administration’s move to push a $ 1.9 trillion coronavirus relief plan through Congress — with or without bipartisan support. On a day when commodity price screens across the board flashed green in […]

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