Oil up Over 2% as Market Buys Into OPEC Output Hike Plan 

© Reuters. By Barani Krishnan Investing.com — Crude prices swung from green to red and back on Thursday before settling up more than 2% as traders bought into OPEC+’s assurances that the global oil producing alliance could manage with higher output from May, despite questionable demand. London-traded , the global benchmark for crude, settled up […]

Continue Reading

Analysis: One year into pandemic, the art world adapts to survive

4/4 © Reuters. FILE PHOTO: A visitor looks inside “Stacked” by Chinese artist Ai Weiwei at Art Unlimited exhibition at the Art Basel fair in Basel 2/4 By Brenna Hughes Neghaiwi and Barbara Lewis ZURICH (Reuters) – The hubbub that descends each summer on a sleek exhibition hall in Basel, where collectors snap up art […]

Continue Reading

AUD/USD runs into a test of key near-term levels as dollar holds weaker on the day

AUD/USD moves up to test its 100-hour moving average The pair is currently running into a confluence of near-term support levels as the dollar keeps weaker in European morning trade amid the retreat in Treasury yields. Of note, the pair is testing resistance from its 100-hour moving average (red line) @ 0.7715, trendline resistance @ […]

Continue Reading

The stock rotation continues out of high-tech and into cyclicals

Higher yields remain the catalyst The longs in the technology stocks continue to get hammered and the rotation into the cyclical continues as fears of interest rates have traders repricing the high flyers of 2020. The final numbers are showing: S&P index -20.72 points or -0.54% at 3821.23 NASDAQ index -310.98 points or -2.41% at 12609.16 Dow industrial average rose […]

Continue Reading

Tech and financials boost $46.2 billion flows into global equity funds: BofA

2/2 © Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration 2/2 LONDON (Reuters) – Investors piling into tech and financial stocks helped equity funds attract $ 46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA’s weekly fund flow […]

Continue Reading

Exclusive: Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void

© Reuters. FILE PHOTO: An oil tanker is pictured in the waters off Tuas in Singapore By Chen Aizhu SINGAPORE (Reuters) – Chinese national banks and Australia’s Macquarie Group (OTC:) are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults […]

Continue Reading

ICYMI: Australia’s Perth goes into five-day lockdown after hotel quarantine security guard tests positive for COVID-19

That puts an end to Western Australia’s 10-month coronavirus-free streak This comes as the security guard working at the hotel – which serves as a quarantine facility for inbound travelers – tested positive for COVID-19 with fears it could be a UK or South African variant. Western Australia premier, Mark McGowan, said that: “Beginning at […]

Continue Reading