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US stock indexes took different routes on Monday, with the Nasdaq managing to secure a gain. The S&P 500 and the Dow closed in the red, dragged down by Walt Disney. Dow Jones managed to update the record high before closing lower...
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Jiming Huang, 15 December 2020, 11:55
In the commodity market, oil prices are bullish on Monday, with Brent returning above the $50 mark. Prices are maintaining at their highest levels since the beginning of March. Both the WTI and Brent have gained over 1.1% so far...
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Jiming Huang, 14 December 2020, 11:51
US stocks are set to open the week higher as futures on the three benchmark indexes are rebounding after a bearish week. Investor sentiment was boosted after the US had officially green-lighted the COVID vaccine produced by Pfizer and BioNTech...
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Jiming Huang, 14 December 2020, 11:50
In the commodity market, crude prices extend gains after surging on Thursday above $50 for the first time since early March. Prices are boosted by vaccine optimism, as investors ignored data pointing to higher-than-expected crude supply in the US. WTI has increased by 0.50% and Brent has gained 0...
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Jiming Huang, 11 December 2020, 11:57
US stocks moved mostly sideways on Thursday, with the S&P 500 and the Dow closing lower for the second consecutive session. Nasdaq managed to recover and gained 0.54...
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Jiming Huang, 11 December 2020, 11:57
In the commodity market, oil prices are bullish on Thursday but moving sideways on larger timeframes. The crude is leveraging investor hopes that the rollout of COVID vaccines would push economic recovery. The US is expected to approve the first vaccine candidate later this week. WTI is up 0...
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Jiming Huang, 10 December 2020, 12:03
US equities retreated from record highs amid no progress in stimulus talks. The general bearishness was also fueled by the antitrust lawsuit filed against Facebook. Nasdaq was the worst performer of the three benchmark indexes, losing 1.94%. The S&P 500 fell 0.79%, and the Dow dropped by 0...
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Jiming Huang, 10 December 2020, 12:03
In the commodity market, oil prices have declined during the European morning, after a larger-than-expected increase in US inventories last week. Still, vaccine optimism provides support for crude prices. The American Petroleum Institute reported a 1...
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Jiming Huang, 9 December 2020, 11:50
US equities gained more confidence on Tuesday, as the S&P 500 and tech-oriented Nasdaq updated their record highs. Investor sentiment was buoyed by renewed vaccine optimism. Still, the uncertainty over further stimulus capped the rally. The S&P 500 rose 0.28%, Dow Jones added 0...
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Jiming Huang, 9 December 2020, 11:50
In the commodity market, oil prices have declined on Tuesday, as sentiment is damaged by a surging number of COVID cases and the introduction of new restrictions. WTI is down 0.57%, and Brent has lost 0.70%. Both brands declined by around 1% yesterday...
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Jiming Huang, 8 December 2020, 11:53
The US stock market was mixed on Monday, as the tech-oriented Nasdaq updated the record high, while the Dow and the S&P 500 closed in the red. Nasdaq was lifted by Facebook and Apple, though Microsoft and Google parent Alphabet capped the rally...
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Jiming Huang, 8 December 2020, 11:53
US stocks are poised to retreat after the opening bell, as futures on the three benchmark indexes are declining slightly during the European morning on Monday. Last week, the three indices ended at record highs on the back of stimulus talks...
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Jiming Huang, 7 December 2020, 11:47
In the commodity market, oil prices are declining on Monday as the number of COVID cases continues to surge globally and in the US, which is the world’s biggest oil consumer. WTI is down over 0.40%, and Brent has declined by over 0.30...
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Jiming Huang, 7 December 2020, 11:47 #gold
Nasdaq and the S&P 500 updated their all-time highs on Thursday, while the Dow broke above 30,000 again for a while. However, the stock indexes took different routes by the end of the session, as the S&P ended lower...
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Jiming Huang, 4 December 2020, 11:58
In the commodity market, oil prices are increasing to save the week, as OPEC+ members agreed to continue the production cuts to deal with a drastic decrease in demand amid a global coronavirus crisis...
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Jiming Huang, 4 December 2020, 11:58
In the commodity market, oil prices are declining amid a wobbling week. The WTI is down 0.42%, and Brent lost over 0.30%. OPEC+ is resuming talks regarding a potential extension of the crude production cuts after the current deadline of January 2021...
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Jiming Huang, 3 December 2020, 12:00
US equities were mixed on Wednesday, with the S&P 500 updating the record high for a second straight session, while the Nasdaq closing in the red. The market was driven by positive COVID vaccine news and stimulus talks. The downbeat private jobs data triggered stronger resistance...
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Jiming Huang, 3 December 2020, 12:00
In the commodity market, oil prices maintained the bearish stance as OPEC+ delayed a meeting to decide the continuation of production cuts beyond January. The meeting was delayed from Tuesday to Thursday...
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Jiming Huang, 2 December 2020, 11:48
Wall Street built on the November rally on Tuesday, with Nasdaq and the S&P 500 updating their record highs. Investor sentiment was lifted by the vaccine optimism and more confidence that a rapid economic recovery is possible...
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Jiming Huang, 2 December 2020, 11:48
In the commodity market, oil prices are declining amid a general uncertainty about the OPEC+ plans regarding the crude production cuts. The OPEC+ delayed talks about production cuts to Thursday, adding to concerns that some members are opposing the continuation of supply cuts beyond January 2021...
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Jiming Huang, 1 December 2020, 11:57 #gold