Oil prices rise on stronger economic outlook, U.S. stockpile draw

© Reuters. Views of Total Grandpuits oil refinery By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But optimism about talks between the United […]

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Asia shares set to rise after S&P 500, Dow hit records on strong economic data

© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo By Chibuike Oguh (Reuters) – Asian equities are poised to rise on Tuesday after the and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury […]

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Dollar likely to rise, but rally will lose steam later in 2021, Forum says

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Divya Chowdhury and Lisa Pauline Mattackal (Reuters) – Economic growth and higher bond yields will keep the U.S. dollar stronger for now, but the rally will lose steam later in 2021 because of a dovish Federal Reserve and rising […]

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Dollar Edges Lower; Remains Elevated as Yields Rise

© Reuters. By Peter Nurse Investing.com – The dollar edged lower in early European trading Friday, but remains at elevated levels, supported by higher Treasury yields following the Federal Reserve’s dovish stance. At 3:50 AM ET (0750 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% […]

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U.S. 10-year yield could rise to 2.15% by year-end: BofA

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration (Reuters) – could rise to 2.15% by year-end, BofA said on Friday, in a target it said was above consensus. BofA revised up its target citing a “much more aggressive” U.S. fiscal stimulus impulse and rapid vaccinations in the United […]

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Oil’s decline continues as inventories rise, demand recovery clouded

© Reuters. Illustration photo of crude oil being dispensed into a bottle TOKYO (Reuters) – Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in and fuel inventories, while the ever-present pandemic clouded the prospects for a demand recovery. was down 74 cents, or […]

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Dollar Edges Higher; Treasury Yields Rise After Powell’s Comments

© Reuters. By Peter Nurse Investing.com – The dollar pushed higher in early European trading Thursday, helped by rising U.S. Treasury yields even after the Federal Reserve reiterated that it was in no hurry to raise interest rates while predicting strong growth in the world’s largest economy. At 3:55 AM ET (0755 GMT), the Dollar […]

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Asian stocks set to mostly rise after Fed projects U.S. GDP surge

2/2 © Reuters. FILE PHOTO: Senate Banking Committee hearing on Capitol Hill, Washington 2/2 By Elizabeth Dilts Marshall NEW YORK (Reuters) – Asian stocks were set for modest gains on Thursday after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in U.S. economic growth this year as […]

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Prudential’s U.S. spin-off plan on track as Asia drives profit rise

© Reuters. The logo of British life insurer Prudential is seen on their building in London By Carolyn Cohn LONDON (Reuters) – British insurer Prudential (NYSE:) expects to split off its U.S. business in the second quarter, it said on Wednesday as it posted a 4% rise in full-year operating profit on the back of […]

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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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