OPEC+ Kept Output Plan, USOIL Upbeat
OPEC and allies decided not to diverge from their production plan and agreed yesterday to add 400K barrels/day on January, as they have been doing since August
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OPEC and allies decided not to diverge from their production plan and agreed yesterday to add 400K barrels/day on January, as they have been doing since August
The pair stays on the back foot as investors continue to monitor Omicron developments and await key US Jobs report later in the day
The pair lacks firm direction, as risk tones normalize today, following a few tumultuous days that culminated to new 2021 lows earlier in the week
Sentiment took another nosedive yesterday on news of the first Omicron case in the US, but today the pair rises, in the aftermath of Mr Powell’s two-day hawkish commentary
The German index is upbeat and tries to build on Wednesday’s profits, despite fresh risk-off wave on Omicron news yesterday
The two Chinese Electric Vehicle (EV) makers released today their deliveries for the month of October, not long after they had provided their quarterly results for the third quarter
Risk is at a better place today, allowing the pair to extend its recovery from Tuesday’s 2021 lows, caused by mr Powell’s hawkish testimony
Fed Chair Powell offered hawkish remarks during yesterday’s Senate testimony and created volatility in the markets, with the pair being soft today
The social media giant, now named Meta, was instructed by UK regulator to divest the popular GIF platform, GIPHY
The US index registered a considerable rebound on Monday as risk tones normalized, but today sentiment takes another nosedive, sending US30 lower
A new wave of risk aversion was witnessed earlier, which sent more flows towards the Japanese Yen, as news around the Omicron variant continue to dictate market moves
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