Global oil markets under pressure as Asia destocks, China imports slowed

© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Florence Tan, Olga Yagova and Devika Krishna Kumar (Reuters) – Crude oil producers from Europe, Africa and the United States faced difficulties selling to Asia, especially China, as buyers took cheaper oil from storage while […]

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ForexLive European FX morning news wrap: Dollar bounces around amid tepid markets

Forex news from the European morning session – 16 March 2021 Headlines: Markets: CHF leads, GBP lags on the day European equities higher; S&P 500 futures up 0.1% US 10-year yields down 0.9 bps to 1.597% Gold up 0.2% to $ 1,735.05 WTI down 1.3% to $ 64.52 Bitcoin down 2.1% to $ 55,220 It […]

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Biden Drives Yields Up, Tech Reversal, China Fines – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — President Joe Biden’s address pushes bond yields higher, China’s tech giants sell off after a warning shot from Beijing, and AstraZeneca’s vaccine runs into more problems. Here’s what you need to know in financial markets on Friday, March 12th. 1. Biden signs stimulus package, targets July 4 ‘Independence Day’ […]

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Jobless Claims, 30Y Bond Sale, ECB, Coupang IPO – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — The Treasury completes its mammoth bond sale this week with an auction of 30-year bonds, against a market backdrop much improved by tepid inflation numbers. Jobless claims are due at 8:30 AM ET. The European Central Bank holds its regular policy meeting and press conference, and Coupang follows Roblox […]

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CPI, Bond Sales, Roblox IPO and Oracle – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — The Treasury auctions $ 38 billion of 10-year bonds a couple of hours after February’s U.S. inflation data. Roblox makes its debut on the stock exchange through a direct listing after setting its reference price at $ 45. The pattern of tech underperformance looks set to reassert itself. […]

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Tech Rebound, Treasury Sales, Chinese Rout Hits Copper – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — Tech stocks are set to open with a rebound after Monday’s heavy sell-off. The Treasury kicks off three days of big bond sales, and China’s stock market woes continue as the government confirms its focus on deleveraging this year. Here’s what you need to know in financial markets on […]

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Senate Passes Stimulus Bill, China Slumps, Attack on Saudi – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — The U.S.’s $ 1.9 trillion stimulus package is set to be formally approved this week after the Senate passed it with minimal amendments on Saturday. Bond yields are on the rise again as a result, and stocks are set to open lower. China’s tech wreck continues as the […]

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Bond Sell-Off, Payrolls, China GDP Target, Oil Surges – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — The sell-off in U.S. bonds reverberates through global markets, but Wall Street looks set for a modest bounce at the open. Non-farm payrolls are expected to have picked up smartly from January’s level; OPEC’s decision not to raise output send oil rallying and analysts scrambling to raise their forecasts. […]

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Vaccine Boost, Texas Reopening, ADP Payrolls – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — The U.S. will have enough vaccines for all adults by May, while Texas is ending restrictions on business and lifting its mask mandate. ADP releases its private payrolls reports for February, stocks are set to bounce from their losses on Tuesday, and the European Central Bank has changed […]

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