Tagged: crude

Sudden change! Pfizer’s new crown vaccine has another big news!

On Thursday, U.S. time, the three major U.S. stock indexes were mixed. The Dow rose 0.29%, the S&P 500 closed down 0.06%, and the Nasdaq closed 0.23% higher, setting a record intraday and closing record high. A series of U.S. economic data released recently has attracted widespread attention.

U.S. service sector growth slows in November, number of jobless claims drops

According to data from the American Institute of Supply Management, the service industry purchasing managers index in the United States in November was 55.9, which fell to the lowest level in the past six months, which means that the expansion of the US service industry has become more moderate. Another data shows that the number of people applying for unemployment benefits for the first time in the United States last week was 712,000, which was far lower than the 775,000 estimated by the Reuters survey and a significant drop from the previous value.

However, government regulators have previously stated that because the US Department of Labor uses a traditional estimation model, the statistical results may not accurately reflect the impact of the second wave of COVID-19 on the job market.
Pfizer cuts 2020 new crown vaccine production target by half, U.S. stocks dive late

About half an hour before the US stock market closed, local media reported that Pfizer, the US drugmaker, had cut its 2020 new crown vaccine production target by half, and Pfizer’s stock price closed down 1.74% following the news. This news also caused the three major U.S. stock indexes to collectively dive in the late trading, almost erasing all the gains during the session.

Mining stocks boost the London stock market

The three major European stock markets were mixed on Thursday. The London stock market rose 0.42% to close at a new high in the past six months. The Paris and Frankfurt stock markets closed down 0.15% and 0.45% respectively. In the London stock market in the United Kingdom, mining stocks led the way. In addition, British aero engine manufacturer Rolls-Royce’s stock price soared nearly 16% after reports that the company is considering re-entering the narrow-body airliner market.

Data show: Eurozone business activity shrank sharply in November

The other two major European stock markets performed in a downturn, as the latest data showed that the Eurozone’s comprehensive purchasing managers’ index fell to 45.3 in November from the previous value of 50, indicating a significant contraction in business activity in the Eurozone. In addition, the trade negotiations between the UK and the EU have not made progress, which has also suppressed market sentiment.

OPEC+ agrees to slightly increase production starting from January next year, crude oil prices turn from falling to rising

Crude oil prices closed up on Thursday. US WTI light crude oil futures closed at US$45.64 per barrel, and Brent crude oil futures closed at US$48.71 per barrel, reaching the highest level since early March. A key meeting of OPEC and related oil-producing countries was held on Thursday. The major oil-producing countries finally agreed to increase oil production by 500,000 barrels per day starting from January next year, which is much lower than the market’s forecast of an increase of 200 per day. 10,000 barrels, the price of crude oil followed the news from falling to rising intraday.

The United States may launch a financial rescue plan expected to help raise the price of gold

The price of gold rose on Thursday, and gold futures for delivery in February 2021 closed at $1841.10 per ounce. Investors bet that the negotiations on the US financial rescue plan will have a breakthrough and deploy gold to hedge against potential inflation.