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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
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...
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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...
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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...
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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...
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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...
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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...
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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...
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Jiming Huang, 25 November 2020, 12:21 #gold