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Good morning America.
Here is what is happening in the markets today.
- Although the vaccination process stepped up in the last week, the Covid cases seem to be rising again in Europe, India and South America.
The German Health Minister Jens Spahn warned this morning of “clear signs” that the latest wave of Covid-19 will be worse than the first two.
- The US President Joe Biden accelerated his timetable for vaccinating the U.S. population in his first press conference on Thursday, saying he’s now targeting 200 million jabs in his first 100 days. The initial target of 100 million was reached with 100 million to spare.
- US Stock markets seem set for another gaining steak today with the Nasdaq 100 Futures trading 0.5% higher, the DJIA up 0.2% and the S&P500 also gaining a modest 0.3% pre market open.
- Crude oil futures traded higher in the last 2 trading sessions since the news that the Suez Canal is blocked by a big tanker.
Bloomberg reported that the number of ships awaiting entry to the Canal has now risen to over 300 from 185 on Thursday. That is likely to lead to considerable disruptions to supply chains of everything from oil and liquefied natural gas to plastics and pulp. Crude oil futures were up over 1.5% overnight, but still on course to end the week slightly lower.
- Bitcoin pulled back in the last 2 days with modest gains today sending the famous cryptocurrency at $53.000 and ETH follows trading below the $1700 mark for the first time this week
Remember to trade Responsibly !
Good morning America.
Here is what is happening in the markets today.
- Although the vaccination process stepped up in the last week, the Covid cases seem to be rising again in Europe, India and South America.
The German Health Minister Jens Spahn warned this morning of “clear signs” that the latest wave of Covid-19 will be worse than the first two.
- The US President Joe Biden accelerated his timetable for vaccinating the U.S. population in his first press conference on Thursday, saying he’s now targeting 200 million jabs in his first 100 days. The initial target of 100 million was reached with 100 million to spare.
- US Stock markets seem set for another gaining steak today with the Nasdaq 100 Futures trading 0.5% higher, the DJIA up 0.2% and the S&P500 also gaining a modest 0.3% pre market open.
- Crude oil futures traded higher in the last 2 trading sessions since the news that the Suez Canal is blocked by a big tanker.
Bloomberg reported that the number of ships awaiting entry to the Canal has now risen to over 300 from 185 on Thursday. That is likely to lead to considerable disruptions to supply chains of everything from oil and liquefied natural gas to plastics and pulp. Crude oil futures were up over 1.5% overnight, but still on course to end the week slightly lower.
- Bitcoin pulled back in the last 2 days with modest gains today sending the famous cryptocurrency at $53.000 and ETH follows trading below the $1700 mark for the first time this week
Remember to trade Responsibly !
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