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Treasury yields fall, shrugging off hotter inflation report
  + stars: | 2021-06-11 | by ( Vicky Mckeever | ) www.cnbc.com sentiment -1.00   time to read: +1 min
Treasury yields fell on Friday morning, as investors shrugged off the 5% annual jump in inflation reported in the previous session, given indications that rising pricing pressures could be transitory. The yield on the benchmark 10-year Treasury note slipped to 1.443% at 4:15 a.m. Nannette Hechler Fayd'Herbe, chief investment officer at Credit Suisse International Wealth Management, said that the recent falls in longer-dated Treasury yields, despite higher inflation, could be explained by economic "growth momentum that is slowing." She said that markets would soon be entering another phase, driven by the guidance that central banks will give on monetary policy. Hechler Fayd'Herbe expects a resurgence of higher yields for longer-dated Treasurys in the second half of the year.
Persons: Dow Jones, Hechler Fayd'Herbe Organizations: Treasury, Credit Suisse International Wealth Management, Federal, University of Michigan
Risks of markets shrugging off hotter-than-expected inflation data
  + stars: | 2021-06-11 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisks of markets shrugging off hotter-than-expected inflation dataInvestors largely seem to have shrugged the hotter-than-expected inflation numbers released Thursday morning. CNBC's Steve Liesman looks at the risks around the markets being too chill with the inflation threat.
Persons: Steve Liesman
A Black freshman Republican from Florida said Thursday that the Congressional Black Caucus has been rebuffing his efforts to join the group. “The Congressional Black Caucus has a stated commitment to ensuring Black Americans have the opportunity to achieve the American Dream. “The Congressional Black Caucus remains committed to fighting for issues that support Black communities, including the police accountability bill, protecting voting rights, and a jobs bill that helps our communities," the spokesperson said. "This is whether the ideology of somebody who is conservative is welcome in the Congressional Black Caucus. The other Black Republican in the House, Burgess Owens of Utah, also is not a member of the group.
Persons: ” Rep, Byron Donalds, he'd, Donald Trump, , ” Donalds, Donalds, shrugging, It's, Burgess Owens, we've Organizations: Republican, Congressional Black Caucus, Congressional, Caucus, of, , NBC News, CNN, America, CBC, Democrats Locations: Florida, BuzzFeed, America, Burgess Owens of Utah
Wall Street opens higher after inflation, jobless claims data
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo(Reuters) - U.S. stocks opened higher on Thursday, shrugging off a bigger-than-expected jump in May consumer prices that raised concerns of early policy tightening by the Federal Reserve, while another report showed the labor market remained under pressure. The Dow Jones Industrial Average rose 55.37 points, or 0.16%, at the open to 34,502.51. The S&P 500 opened higher by 9.01 points, or 0.21%, at 4,228.56, and the Nasdaq Composite gained 22.13 points, or 0.16%, to 13,933.88 at the opening bell.
Persons: Mike Segar, shrugging Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Dow Jones, Nasdaq Locations: Manhattan, New York City , New York, U.S
How AMC can continue its stock growth despite detachment from fundamentals
  + stars: | 2021-06-02 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow AMC can continue its stock growth despite detachment from fundamentalsShares of AMC Entertainment opened at an all-time high Wednesday after shrugging off a report that a hedge fund had sold its stake in the movie theater company. CNBC's "Squawk on the Street" crew discuss how the stock can continue to rally despite a bleak post-pandemic outlook from many analysts.
Persons: shrugging Organizations: AMC, AMC Entertainment
Taiwan recouped Monday's sharp loss, rising nearly 5% while neighbouring Japan, suffering from its own spike in cases and slow vaccination drive, jumped 2%. Stocks in South Korea and Singapore were also up over 1%. "Consumer spending will suffer, but the rest of the economy should still perform strongly," the economic research firm said of Taiwan. The region's currencies, led by the Taiwan and Singapore dollar, largely gained ahead of minutes on Wednesday from the Federal Reserve's most recent meeting, which may give clues about where monetary policy is headed this year. However, stocks markets in the developing economies of Indonesia, Malaysia and the Philippines were broadly lower as worries over the virus and its impact on their economies remain.
Persons: shrugging, Nikhil Kurian, Sam Holmes Organizations: Capital, Federal, Dallas Fed Bank President Locations: Taiwan, Indonesia, Singapore, Japan, South Korea, Asia, COVID, Malaysia, Philippines, U.S, China, India, Thailand, Bengaluru
Asian shares push higher, dollar eases
  + stars: | 2021-05-18 | by ( Paulina Duran | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Issei KatoAsian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections and a subdued session on Wall Street, while inflation jitters helped push gold prices to three-month highs. Japan's Nikkei (.N225) rose as much as 2.2% on solid earnings reports and bargain hunting, while Hong Kong's stocks were up 1.24%. read moreThe dollar teetered near multi-month lows against European currencies as Treasury yields stalled in the wake of Kaplan's comments. MSCI's gauge of stocks across the globe (.MIWD00000PUS) was 0.29% higher at 700.50. Oil prices rose, with Brent crude and West Texas Intermediate (WTI) crude both up around 0.3% in early Asian trade.
Persons: Issei Kato, shrugging, Robert Kaplan, Joe Biden, Brent Organizations: REUTERS, Japan's Nikkei, Empire, Manufacturing Survey, New York Fed, BlackRock, Dallas Federal, Federal, Treasury, Dow Jones, Nasdaq, West Texas, Thomson Locations: Tokyo, Japan, Asia, Pacific, Australia, Singapore, Taiwan, United States
The yield on benchmark 10-year U.S. Treasury notes was up 2 basis points at 1.6%37, well below a spike to 1.77% in late March. The baseline view is that achieving maximum employment will not put undue pressure on prices, Clarida said. The yield on the 30-year Treasury bond fell 0.6 basis point to 2.3495%. The 10-year TIPS breakeven rate was last at 2.550%, indicating the market sees inflation averaging about 2.5% a year for the next decade. 2-year dollar swap 9.75 -1.00 spread U.S. 3-year dollar swap 11.25 -0.75 spread U.S. 5-year dollar swap 7.75 -0.75 spread U.S. 10-year dollar swap -4.50 -0.75 spread U.S. 30-year dollar swap -32.25 -0.75 spread (Reporting by Herbert Lash in New York Editing by Matthew Lewis and Alistair Bell)
Persons: Herbert Lash NEW, shrugging, Tom Simons, it's, Simons, Sebastien Galy, Richard Clarida, Clarida, Raphael Bostic, Herbert Lash, Matthew Lewis, Alistair Bell Organizations: Treasury, Herbert Lash NEW YORK, Empire, Manufacturing Survey, New York Fed, Jefferies, Co, Nordea Asset Management, Bond, Federal Reserve, Federal, Atlanta Fed, CNBC, Economics, Securities Locations: New York, mull, U.S
The yield on benchmark 10-year U.S. Treasury notes was up 2 basis points at 1.637%, well below a spike to 1.77% in late March. The baseline view is that achieving maximum employment will not put undue pressure on prices, Clarida said. The yield on the 30-year Treasury bond fell 0.6 basis point to 2.3495%. The 10-year TIPS breakeven rate was last at 2.550%, indicating the market sees inflation averaging about 2.5% a year for the next decade. 2-year dollar swap 9.75 -1.00 spread U.S. 3-year dollar swap 11.25 -0.75 spread U.S. 5-year dollar swap 7.75 -0.75 spread U.S. 10-year dollar swap -4.50 -0.75 spread U.S. 30-year dollar swap -32.25 -0.75 spread (Reporting by Herbert Lash in New York Editing by Matthew Lewis and Alistair Bell)
Persons: Herbert Lash NEW, shrugging, Tom Simons, it's, Simons, Sebastien Galy, Richard Clarida, Clarida, Raphael Bostic, Herbert Lash, Matthew Lewis, Alistair Bell Organizations: Herbert Lash NEW YORK, Treasury, Empire, Manufacturing Survey, New York Fed, Jefferies, Co, Nordea Asset Management, Bond, Federal Reserve, Federal, Atlanta Fed, CNBC, Economics, Securities Locations: New York, mull, U.S
Asia-Pacific markets trade broadly higher, oil prices climb
  + stars: | 2021-05-10 | by ( Yen Nee Lee | ) www.cnbc.com sentiment -0.96   time to read: +1 min
A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020. SINGAPORE — Stock markets in Asia-Pacific were broadly higher on Monday, shrugging off the weaker-than-expected April U.S. jobs reports; while oil futures advanced. South Korea's Kospi was one of the largest gainers, rising 1.6% in the first session of the week. Last week, the widely watched U.S. jobs report for April came in below expectations. James Cheo, Southeast Asia chief investment officer at HSBC Private Banking and Wealth Management, said the U.S. jobs report wouldn't hit investor sentiment.
Persons: shrugging, Kospi, James Cheo, Cheo, CNBC's Organizations: Nikkei, SINGAPORE — Stock, HSBC Private Banking, Wealth Management, Federal Reserve Locations: Tokyo, SINGAPORE, Asia, Pacific, Japan, Greater China, Shanghai, Shenzen, Southeast Asia, U.S
Australia, NZ dlrs steady in cautious trade before central bank meetings
  + stars: | 2021-05-03 | by ( Paulina Duran | ) www.reuters.com sentiment -0.98   time to read: +2 min
SYDNEY, May 3 (Reuters) - The Australian dollar was steady against its U.S. counterpart during a quiet session on Monday, shrugging off strong domestic jobs data as traders were cautious ahead of central bank meetings this week, while the kiwi dollar also held its own. The Aussie was unchanged at $0.7713, after gaining 1.5% last month thanks to strength in iron ore and other commodity prices. Central bank policy meetings are also scheduled this week in Australia, Britain and Norway. Investors expect the Reserve Bank of Australia (RBA) on Tuesday will maintain its ultra supportive policy settings at its monthly rate-setting meeting. Traders will also look to a speech by deputy RBA Australia governor Guy Debelle on Thursday for insight into the bank’s thinking around its bond purchases outlook.
Persons: shrugging, , Jerome Powell, Guy Debelle Organizations: SYDNEY, Australian, U.S, ” Westpac, New Zealand, Federal, Investors, Bank of Australia, Traders Locations: Australia, Britain, Norway, New Zealand
China shares flat as investors await policy signs
  + stars: | 2021-04-28 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
** At the midday break, the Shanghai Composite index was down 0.04% at 3,441.10, while the blue-chip CSI300 index inched up 0.04% to 5090.52. ** Leading the gains, the sub-index of new energy vehicles gained 1.9% while the energy sector rose 1.4%. ** The financial sector sub-index was down 0.24% while the consumer staples sector fell 0.76%. ** Hong Kong shares of restaurant group Yum China Holdings Inc rose to their highest since Feb. 18 after reporting better than expected revenue for the first quarter. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.16% while Japan’s Nikkei index was up 0.35%.
Persons: shrugging, China’s Organizations: Amperex Technology Co Ltd, Hong, China Holdings Inc, Financial Times, Communist Party, Nikkei Locations: China, SHANGHAI, Shanghai, Hong Kong, Shenzhen, Asia, Japan
“We aren’t seeing any reserve sales or such practices. Those stopped 10 days prior to (former central bank chief Naci) Agbal’s appointment,” one trader said on Tuesday. A Reuters poll showed Hungary’s central bank was likely to leave interest rates unchanged before an expected spike in inflation which the bank considers temporary but has said it will closely monitor for any possible second-round effects. In stocks, Russia’s benchmark MOEX stock index climbed to a fresh record high, helped by higher oil prices. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: shrugging, Tayyip Erdogan, Agbal, Erdogan, Hungary’s, Commerzbank Organizations: Lira, U.S, Federal Reserve, Treasury, BCA, Reuters, , CENTRAL Locations: Turkey, Hungary, U.S, India, Brazil, Europe, Polish, Czech, “ Hungary
Investors selling stocks in reaction to the Biden administration's rumored plan to hike taxes on investments are making a mistake, CNBC's Jim Cramer said Thursday. Stocks fell after a Bloomberg News report said that President Joe Biden could propose raising capital gains taxes on millionaires. Convinced that the situation is creating discounts in the market, Cramer is taking the other side of the trade. Cramer advised investors to not sell the news, given the hurdles Democrats have to push the policy through a Senate with a slim majority. As reported, the plan would increase the capital gains tax to 39.6%, up from 20%, for wealthy Americans.
Persons: Biden, CNBC's Jim Cramer, shrugging, Stocks, Joe Biden, Cramer Organizations: Bloomberg
EasyJet sees Europe open for travel from late May
  + stars: | 2021-04-14 | by ( Sarah Young | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Phil NobleIn Britain, easyJet’s biggest market, uncertainty remains about when travel can resume and which countries will feature on a green list of low-risk destinations. EasyJet’s chief executive Johan Lundgren said most of Europe would be open for travel this summer, shrugging off worries about a third wave of COVID-19 infections on the continent. “I would expect that almost all major European countries, that by the time it comes to travel reopening, that most countries in Europe should be in that category,” he said of Britain’s green list. EasyJet urged the government to publish its green list as soon as possible, saying that the big question its customers were asking was where they could go. The airline also repeated criticism of the UK’s plan to make PCR tests for COVID-19 a requirement for travel to green list countries, saying the high cost of tests could dampen demand.
Persons: easyJet, Phil Noble, Johan Lundgren, shrugging, , EasyJet, Lundgren Organizations: Manchester Airport, REUTERS, easyJet Locations: Manchester, Britain, Europe, Iceland, Malta, Israel, Spain, Italy, France
EasyJet sees more flying from late May
  + stars: | 2021-04-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.95   time to read: +1 min
FILE PHOTO: An EasyJet airliner lands at Son Sant Joan airport in Palma de Mallorca, ahead of Easter celebrations, Spain, April 1, 2021. EasyJet said on Wednesday that most countries were planning to resume flying at scale in May, and it expected a ramp up from late May. The return to flying at scale will help boost the airline’s finances which have been squeezed during the pandemic. For the six months ended in March, the airline said it expected to report a loss before tax in the range of 690 million pounds ($950.41 million) to 730 million pounds, after it made stronger cost reductions than analysts had forecasted. EasyJet said it has 2.9 billion pounds of liquidity and was well-positioned to capitalise on a recovery in flying.
Persons: Son Sant, Enrique Calvo, easyJet, shrugging, EasyJet, Organizations: Palma de Mallorca, REUTERS, Enrique Calvo LONDON Locations: Son, Palma de, Spain, Europe
Volkswagen clinches wage deal with Germany's IG Metall union
  + stars: | 2021-04-13 | by ( Christoph Steitz | ) www.reuters.com sentiment -0.96   time to read: +2 min
FRANKFURT (Reuters) -Europe’s largest carmaker Volkswagen has agreed a wage deal with Germany’s most powerful union for 120,000 employees, representing 18% of its workforce, it said on Tuesday. FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. It also includes a 1,000 euro ($1,190) one-off “corona support payment” in June 2021, the carmaker said. Volkswagen, the world’s second-largest carmaker, will also boost the company’s pension scheme by 150 euros per month from September 2021 onwards, it said. This gives the carmaker, whose shares were flat on Tuesday, a market value of about 136 billion euros, making it Germany’s most valuable listed company.
Persons: Aly, , ” Arne Meiswinkel, IG Metall, Volkswagen’s, shrugging, it’s, ” Thorsten Groeger Organizations: Volkswagen, SAIC Volkswagen, REUTERS, IG Metall, “ Workers, Employers Locations: FRANKFURT, Shanghai, China, Germany
US shares closed higher on Tuesday as investors shrugged off inflation concerns. "It will take a string of months of significant surges with prices to get a bigger reaction," an analyst said. They also remained unfazed over the Johnson & Johnson vaccine halt. Rieder said this gives "inflation doomsayers" strong ammunition yet again in calling for runaway inflation. Gold, widely viewed as a hedge against inflation, slightly rose 0.05%, to $1,744.95 per ounce, breaking a three-day losing streak, as the March inflation data surged higher than expected.
Persons: Johnson, Edward Moya, Rick Rieder, Rieder, Joe Biden's, Bitcoin, Dogecoin, Brent Organizations: Bell, Johnson, Labor Department, CPI, Reuters —, Federal Reserve, Treasury, Reuters, Here's, Food and Drug Administration, Centers for Disease Control, NovoCure, Hasbro, Nerf, Monopoly, Nasdaq, West Texas
Trump and his advisors are dismissing the threat of legal exposure to him from the Capitol riot. More danger is seen in what they call the "politicized" Trump inquiries in New York and Georgia. Alan Dershowitz, a member of Trump's first Senate impeachment trial legal team, outside the Capitol during the 2020 proceedings. Trump's 'walk-on' legal teamWith Trump's legal troubles only mounting, the former president's advisors are concerned about his ability to attract high-powered legal talent should the need arise. Over the course of four years as president, Trump garnered a reputation as a difficult client who would often resist—or outright ignore—legal advice.
Persons: Trump, Donald Trump, I'd, Alan Dershowitz, you've, there's, Dershowitz, It's, Trump's, Sarah Silbiger, Brad Raffensperger, Fani Willis, Michael Sherwin, Sherwin, He's, isn't, doesn't, , John Dowd, Jay Sekulow, Ty Cobb, Pat Cipollone, Emmet Flood —, Robert Mueller's, Sekulow, Cipollone, Patrick Philbin, Michael Purpura, Pam Bondi, Bill Clinton, Ken Starr, Eric Herschmann, Kasowitz Benson Torres, Justin Clark, Clark, Jane Raskin, Marc Mukasey, Alan Futerfas, who's, Lawrence Rosen, Stormy Daniels, he's, William Consovoy, Clarence Thomas, Donald Trump Jr, Rudolph Giuliani, Jesse Binnall, Binnall, Michael Flynn, Flynn, Sidney Powell, Powell, Giuliani, Lev Parnas, Igor Fruman, it's Organizations: Trump, Capitol Police, United, Capitol, Harvard, Justice Department, Supreme, Getty, DOJ, White, Trump Organization, New York Times, The Washington, Daily, Georgia, CBS, Federal, rockstar, Democratic, JV, US, Democrats, New, New York City, The Justice Department, Giuliani, Voting Systems Locations: New York, Georgia, United States, South Florida oceanside, Fulton County , Georgia, Washington, DC, Ohio, Florida, Pennsylvania, Trump's, Alexandria , Virginia, Nevada, Russian, Ukraine
Gazprom, which is leading the $11 billion gas pipeline project from Russia to Germany, has been out on the market for a U.S. dollar Eurobond issue of a benchmark size, or no less than $500 million. Its initial yield guidance for the issue had been seen at 3.25-3.375%, according to IFR, the financial markets analytical service run by Refinitiv. In the Eurobond prospectus seen by Reuters on Tuesday, Gazprom warned of the risks that the Nord Stream 2 gas pipeline project may be suspended or scrapped amid political pressure. Gazprom last tapped the market in October, raising $1.4 billion in perpetual bonds at a yield of 4.6% and another 1 billion euros at 3.9%. It plans to raise a total of 512 billion roubles ($7 billion) both in Russia and abroad this year.
Persons: Jan, Gazprombank, Denis Shulakov, Sovcombank, Moscow’s, Katya Golubkova, Elena Fabrichnaya, Oksana Kobzeva, Tatiana Voronova, Vladimir Soldatkin, Louise Heavens, Bernadette Baum Organizations: Nord, Gazprom, U.S, Dublin, Refinitiv, Reuters Locations: Washington, MOSCOW, Russia, Germany, United States, Great Britain, Switzerland, Eastern Europe
By the end of 2021, Plaid aims to grow the number of local European employees at the firm to 100. Further expansion across Europe is "definitely on the cards," Keith Grose, Plaid's head of international, told CNBC. "We're in start-up mode," Grose said in an interview, shrugging off disappointment over a decision to halt the Visa acquisition. "The reality is Plaid is a different business," Plaid co-founder and CEO Zach Perret told CNBC's "Squawk on the Street" on Friday. Prior to the Visa deal, Plaid had raised a total of $309.3 million from investors, according to Crunchbase data.
Persons: Zach Perret, George Frey, Plaid, Keith Grose, Plaid's, Grose, shrugging, that's, CNBC's, it's, Zach Organizations: Plaid, Tech, Bloomberg, Getty, Visa, CNBC, EU, U.S, U.S . Justice Department, Mastercard Locations: Salt Lake City , Utah, U.S, Europe, Britain, London, Amsterdam, Canada, Ireland, Spain, France, Netherlands
Oil touches fresh 11-month highs, shrugging off unrest in Washington
  + stars: | 2021-01-07 | by ( Laura Sanicola | ) www.reuters.com sentiment -0.84   time to read: +2 min
NEW YORK (Reuters) - Oil prices rose on Thursday, shrugging off surprising political unrest in the United States, as markets remain focused on Saudi Arabia’s pledge to cut oil output by more than expected. FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. Oil prices have been supported this week by a pledge by Saudi Arabia, the world’s biggest oil exporter, to cut output by an additional 1 million barrels per day (bpd) in February and March. UBS analysts raised their forecast for Brent to $60 per barrel by mid-year, citing the Saudi output decision. Lower inventories equal higher prices,” SEB chief commodity analyst Bjarne Schieldrop said.
Persons: shrugging, Bryan, Adrees Latif Brent, Donald Trump’s, , Ritterbusch, Brent, ” SEB, Bjarne Schieldrop, Joe Biden, , Jim Ritterbusch Organizations: YORK, Saudi, Petroleum Reserve, REUTERS, West . U.S . West Texas, U.S, Capitol, UBS, Global, Congress, Biden, Ritterbusch, Associates Locations: United States, Freeport , Texas, U.S, West . U.S, Saudi Arabia, Saudi, Georgia, Galena , Illinois
Futures for the S&P 500 fell 0.8%, while Nasdaq futures shed 1.6% on fears Democrats could pursue tighter regulations on big tech firms. Japan’s Nikkei fell 0.4% while MSCI’s index of Asian-Pacific excluding Japan erased earlier gains to trade 0.2% lower. “It is also natural for stocks to fall near-term as there could be tax hikes and tighter regulations on big techs and so on. International benchmark Brent crude futures rose 0.6% to $53.91. In currencies, the U.S. dollar hit a new low before bouncing back on the prospects of the “blue sweep” in Georgia.
Persons: Aly Song, Joe Biden, Raphael Warnock, Kelly Loeffler, Jon Ossoff, Republican David Perdue, , Biden, Donald Trump’s, , Vasu Menon, Kamala Harris, Shogo, Vishnu Varathan, shrugging, Trump Organizations: Senate, REUTERS, Democratic, Republican, OCBC Bank, Futures, Nasdaq, Japan’s Nikkei, , Asset Management, Mizuho Bank, New York Stock, Saudi, Brent, U.S Locations: TOKYO, U.S, Georgia, Shanghai, Shenzhen, China, Singapore, Pacific, Japan, New, Saudi Arabia, Korean, Tehran, Seoul
Bond yields rise on possible Georgia 'blue sweep', oil rallies
  + stars: | 2021-01-06 | by ( Carolyn Cohn | ) www.reuters.com + 0.00   time to read: +4 min
German bond yields followed Treasuries to hit their highest in almost five weeks. The dollar hit its lowest in nearly six years against the Swiss franc. [O/R]U.S. crude futures rose to a high of $50.24 a barrel before trimming gains, having climbed 4.9% on Tuesday. International benchmark Brent crude futures rose 0.54% to $53.89. In Asia, Japan’s Nikkei fell 0.4% while MSCI’s index of Asian-Pacific excluding Japan erased earlier gains to trade flat.
Persons: Toby Melville, Raphael Warnock, Kelly Loeffler, Jon Ossoff, Republican David Perdue, Joe Biden, , , Paul Sandhu, Kamala Harris, Treasuries, shrugging, Trump Organizations: U.S, Senate, London Stock Exchange Group, REUTERS, Toby Melville Democratic, Republican, Edison Research, Democratic, Edison, Democrats, BNP, Management, Treasury, Republicans, Swiss, Nasdaq, Brent, Japan’s Nikkei, New York Stock Locations: Georgia, Saudi Arabia, City, London, Britain, Hong Kong, Asia, Pacific, Japan, Shanghai, New
Oil steadies, shrugging off unexpected massive U.S. crude stock build
  + stars: | 2020-12-08 | by ( Laura Sanicola | ) www.reuters.com sentiment -1.00   time to read: +2 min
NEW YORK (Reuters) - Oil prices were little changed on Wednesday as investors weighed an unexpected jump in U.S. crude stockpiles against optimism that a fast rollout of a coronavirus vaccine would fuel a recovery in global oil demand. [EIA/S]U.S. net imports of crude oil rose by 2.7 million barrels per day last week, the biggest increase on record, as exports plunged. [EIA/S]However, the advent of mass inoculations in Canada and the United Kingdom and the prospect of the U.S. Food and Drug Administration approving a coronavirus vaccine pushed markets higher following the report. Brent crude rose 8 cents, or 0.2%, to $48.92 a barrel by 1:02 EST (1702 GMT). U.S. West Texas Intermediate (WTI) crude also rose 8 cents to $45.68.
Persons: David Mdzinarishvili Prices, Brent, , John Kilduff, Andrew Lipow Organizations: YORK, REUTERS, Energy Information Administration, U.S . Food, Drug Administration, . West Texas, Pfizer Inc, BioNTech, Lipow Oil Associates Locations: Baku, Canada, United Kingdom, U.S, New York, Britain, Houston
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