Dow up 200 points. Nasdaq extends back above its 100 day moving average

S&P index also higher The comments from Feds Kashkari and Bullard, seem to have given the stock market a boost.  .  The 10 and 30 year yield are in the red now with the 10 year down -0.5 basis points and the 30 year down -3.6 basis points.   The major indices currently show: S&P index up 18.48 points or 0.49% at 3786.88 NASDAQ […]

Continue Reading

Oil hits almost 14-month high after OPEC+ extends output cuts

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing By Noah Browning LONDON (Reuters) – Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await […]

Continue Reading

Brazil extends $60 billion FX swap line with Fed through September

© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro BRASILIA (Reuters) – Brazil’s government on Friday authorized the central bank to extend its $ 60 billion swap line with the U.S. Federal Reserve until the end of September. The swap line, which has […]

Continue Reading

Pound Extends Longest Winning Streak Against Euro Since 2015

© Reuters. Pound Extends Longest Winning Streak Against Euro Since 2015 (Bloomberg) — Sterling’s vaccine-fueled rally against the euro is beginning to look relentless. The pound extended its longest winning streak in five-and-a-half years after the Telegraph reported the U.K.’s exit from lockdown could be accelerated if data on the effect of vaccines proves better […]

Continue Reading

Oman extends Omanisation by giving locals higher education jobs

2/2 © Reuters. FILE PHOTO: General view of old Muscat the day after Oman’s Sultan Qaboos bin Said was laid to rest in Muscat 2/2 DUBAI (Reuters) – Oman pushed forward its programme of replacing foreign workers with locals on Sunday with a decision to allocate many jobs at higher education establishments to citizens, the […]

Continue Reading

USD/JPY extends drop under 103.00 as dollar eases further on the session

USD/JPY trades to its lowest levels since March last year The dollar isn’t getting much reprieve on the session as it continues to falter against the rest of the major currencies bloc in trading today. EUR/USD is testing 1.2300 again while USD/JPY has slipped by 0.5% to a low of 102.72. Looking at the chart, […]

Continue Reading

Fed extends Main Street loan program as last-minute applications surge

2/2 © Reuters. Treasury Secretary Steven Mnuchin testifies during a hearing in Washington 2/2 By Dan Burns (Reuters) -The Federal Reserve on Tuesday said it had extended the end date for its Main Street Lending Program by eight days to process a rush of applications submitted since the Trump administration said it was terminating the […]

Continue Reading

China extends tariff exemptions for imports of some U.S. products for one year

© Reuters. FILE PHOTO: Chinese and U.S. flags fly along Pennsylvania Avenue outside the White House in Washington BEIJING (Reuters) – China’s finance ministry said on Friday it will extend tariff exemptions for imports of 6 products from the United States including white oil and food-grade petroleum wax, for another year. The extension, effective on […]

Continue Reading

Oil Extends Gains, Blind to OPEC’s Ideas of Lower Demand

© Reuters. By Barani Krishnan Investing.com – The oil bull has gone on full blinker-on mode. Crude prices settled up on Monday despite the Organization of the Petroleum Exporting Countries, or OPEC, cutting its forecast for 2021 growth in oil demand, citing “uncertainty surrounding the impact of Covid-19 and the labor market” on the outlook […]

Continue Reading