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Market News

US Stocks Market The Week Ahead

08 Mar 2021 16:07:38

With fourthquarter earnings season in the rearview mirror we are looking into the coming economic data and companies events this week.The economic highlights of the week will be a pair of inflation measures from the Bureau of Labor Statistics. The...

Every $1 Trillion Of Stimulus Will Add $4-$5 To EPS, Sentiment And Rising Yield Are Lifting The USD Which In Turn Put Pressure On Gold

08 Mar 2021 15:26:21

The U.S. President Joe Bidens $1.9 trillion stimulus package on the weekend helped sentiment but had long been anticipated. Ironically too it helped to urge on the recent spiking of bond yields which put pressure on stocks.With the Senates passage...

Oil Price Up After Attack At The Heart Of Saudi Arabia Oil Industry, More Upside Expected

08 Mar 2021 14:10:34

US West Texas Intermediate (WTI) crude for April rose $1.60 or 2.4 percent to $67.69. The April WTI price touched $67.98 a barrel earlier the highest since October 2018.Yemens Houthi forces fired drones and missiles at the heart of Saudi...

Oil Up, Breaking the $70 mark, in Wake of Attack on Critical Saudi Facility

08 Mar 2021 13:37:00

Oil was up Monday morning in Asia with a reported attack on Saudi Arabia oil facilities giving the black liquid a boost. Brent futures remained above the $70 mark that was reached for the first time since the start of...

Gold Up, Regains Shine Thanks to Softer Dollar, U.S. Stimulus

08 Mar 2021 13:32:08

Gold was up on Monday morning in Asia bouncing back from the ninemonth low hit during the previous session over a softer dollar.The U.S. Senates passage of a $1.9 trillion stimulus package also boosted the bullions appeal as a hedge against...