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Oil Holds Gains Near 12-Week High on U.S. Vaccination Optimism

(Bloomberg) — Oil held gains near the highest level since early September in Asian trading as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook. Futures in New York traded near $42 a barrel after capping their third straight weekly gain. Vaccinations will “hopefully” start as soon […]

Europe’s spending surge will not make debt unsustainable – ECB

FRANKFURT (Reuters) – A surge in public spending across Europe to contain a pandemic-induced recession will not make debt levels unsustainable, even if some euro zone members are sitting on excessively large debt piles, European Central Bank chief economist Philip Lane said. Governments are running up record deficits this year to keep their economies going […]

Oil Rally Loses Shine as Virus Surge Offsets Vaccine Optimism

(Bloomberg) — Oil slipped in Asia amid increasing virus infections after surging on Monday following news of a potential vaccine breakthrough that offered grounds for optimism on long-term demand prospects. Futures in New York fell as much as 1.2%, after jumping 8.5% on Monday in the biggest daily advance since May. Crude joined a broad […]

$USDCNH

$USDCNH sliding to the lowest levels since June 2018 as Biden begins to significantly narrow the margin in key battleground states Market appearing to price in a less-hostile US-China relationship under a Joe Biden administration #USPresidentialElections2020 เครดิต Daniel Moss ที่มา:  https://twitter.com/DanielGMoss

Gold Slips as U.S. Presidential Vote Count Continues; Oil Gains

(Bloomberg) — Gold held losses while oil gained as tight races in key battleground states in the U.S. election left investors scrambling to parse the shifting odds in a fraught battle for the presidency. The unresolved outcome — due to an unusually large number of mail-in ballots because of the coronavirus — spurred the market […]