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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
US equities declined on Monday, but that didn’t prevent the benchmark S&P 500 index from securing the best November ever. Traders were taking profits after a robust rally fuelled by vaccine optimism. Besides this, stocks took a pause amid deteriorating tensions between the US and China...
Market News
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Jiming Huang, 1 December 2020, 11:57
In the commodity market, oil prices are declining after the conclusion of a panel of OPEC+ ministers couldn’t reach consensus on whether to continue the production cuts after the deadline set for January 2021. The members left the matter to be discussed during a full meeting later today...
Market News
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Jiming Huang, 30 November 2020, 09:29
US stock futures are flashing red, but the main indexes are still set to finish the month with strong gains. At the time of writing, the futures on Dow Jones have declined by 0.70%, the S&P 500 has dropped 0.60%, and Nasdaq is down 0.25...
Market News
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Jiming Huang, 30 November 2020, 09:27
In the commodity market, oil prices are declining after a robust rally that sent futures to their highest levels since early March. WTI is down over 1.60% while Brent is down only 0.04%. Trading volume was low due to the Thanksgiving holiday in the US...
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Jiming Huang, 27 November 2020, 12:08
Global stocks are trading sideways near record highs, while the US stock market was closed on Thursday in observance of Thanksgiving Day. The New York Stock Exchange will close early on Friday...
Market News
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Jiming Huang, 27 November 2020, 12:08
In the commodity market, oil prices continue to rally after data from the US Energy Information Administration (EIA) suggested a draw of 754,000 barrels in crude supply last week, while analysts anticipated a build of 127,000 barrels. Both Brent and WTI have gained almost 0...
Market News
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Jiming Huang, 26 November 2020, 12:03
US equities retreated on Wednesday after three bullish sessions in a row that pushed the indexes to new records. Still, Nasdaq managed to close higher...
Market News
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Jiming Huang, 26 November 2020, 12:03
In the commodity market, oil prices continue to increase on the back of vaccine news and the presidential transition in the US. WTI is up 0.70%, and Brent has added 0.85% to trade above $45 and $48, respectively. Both brands are trading at their highest levels since March...
Market News
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Jiming Huang, 25 November 2020, 12:21 #gold
US equities continued the bullish stance on Tuesday, with the three indexes updating their record highs. Investors expect a rapid recovery next year after the rolling out of the COVID vaccines. Also, the transition of President-elect Joe Biden to the White House is boosting sentiment...
Market News
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Jiming Huang, 25 November 2020, 12:20
In the commodity market, oil prices have surged to the highest level since March, following the vaccines news and the US presidential transition. Both Brent and WTI have gained over 1.1%. Brent is now trading above $46.5...
Market News
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Jiming Huang, 24 November 2020, 11:56
US equities rose on Monday after a wobbling session that started on a bearish note...
Market News
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Jiming Huang, 24 November 2020, 11:56
In the commodity market, oil prices are extending gains as investors anticipate a recovery in crude demand thanks to the implementation of the COVID vaccines in the near future. Still, the renewed restrictions in several countries are forcing stronger resistance levels on crude prices...
Market News
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Jiming Huang, 23 November 2020, 12:14
US equities will likely open higher on Monday after a bearish end of the week. Futures on Dow Jones and the S&P 500 are up 0.30% as of Monday morning European time, even though the number of COVID infections continues to increase in the US and Europe...
Market News
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Jiming Huang, 23 November 2020, 12:13
In the commodity market, oil prices are moving sideways and might end the week at Monday levels. The crude prices were under pressure amid surging COVID cases and downbeat labor market data released by the US...
Market News
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Jiming Huang, 20 November 2020, 12:00
US equities partially recovered on Thursday, after tumbling over 1% in the previous session. Investors reacted positively to the new stimulus hopes, which offset the worries over tighter restrictions and layoffs related to the surging coronavirus infection rates...
Market News
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Jiming Huang, 20 November 2020, 12:00
In the commodity market, oil prices are retreating after hitting the highest level in two months. WTI has dropped 0.70%, and Brent has lost 0.38% on the back of demand worries amid new restrictions...
Market News
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Jiming Huang, 19 November 2020, 12:01
US equities tumbled on Wednesday, as investors focused on the surging number of COVID infections and the fresh lockdown measures reimposed in the US and Europe...
Market News
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Jiming Huang, 19 November 2020, 12:00
In the commodity market, oil prices are declining slightly after the American Petroleum Institute (API) reported a bigger-than-expected increase in US crude inventories, while disappointing retail sales data put additional pressure...
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Jiming Huang, 18 November 2020, 11:53