Commodity Market: US Crude Oil eases from a 47-week peak in spite of larger US oil inventory drop, rising Chinese oil imports

January 14, 2021 10:10 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh 47-week high on Thursday, despite that China’s customs data revealed a rise in crude oil imports and crude oil stocks in the US dropped more than anticipated last week, as surging new coronavirus infections worldwide and related oil demand concerns continued to weigh. […] Read more

Ford shares gain the most in seven weeks on Tuesday, Brazilian factory closures to bolster profitability abroad, J.P. Morgan says

January 13, 2021 10:50 am
According to J.P. Morgan analysts, Ford Motor Co’s decision to shut three facilities in Brazil will allow it to trim losses and bolster profitability in its underperforming international segment. “We expect the move to quickly reduce losses in its South American operations, for which we now model a breakeven result in 2020 compared with a […] Read more

Forex Market: AUD/USD rebounds as greenback pauses four-day advance, triggered by higher bond yields

January 12, 2021 10:00 am
Following a steep drop a day earlier, AUD/USD traded higher on Tuesday, as the greenback paused a four-day advance, triggered by rising US bond yields. Expected to take office on January 20th, President-elect Joe Biden has promised “trillions” in additional coronavirus relief spending, which pressured government bonds and drove bond yields higher. The yield on […] Read more

General Motors shares close lower on Friday, Cruise appoints Gil West, former Delta Air executive, as Chief Operating Officer

January 11, 2021 8:32 am
Cruise, the self-driving unit majority owned by General Motors Co (GM), announced on Friday the appointment of Gil West, the former senior executive vice president and Chief Operating Officer at Delta Air Lines, as its new Chief Operating Officer. General Motors shares closed lower for the fifth time in the past ten trading sessions in […] Read more