-US jobless claims worse than expected -Barclays, American Airlines see trouble ahead. Warnings from investment bank Barclays and a grim outlook from American Airlines helped drag crude oil prices lower in early Thursday trading. The price for Brent finished the previous session more or less flat despite a sizeable build in US commercial crude oil … More The Daily Dose; We May Be Due for a Correction
-Europe overcomes its differences. Can the United States? -Weak demand and low commodity prices will stick around for awhile. A protracted battle in France finally paid off for the European Union, which passed a massive stimulus bill and adjusted its 2021-2027 budget to offset the deepest recession in generations. That’s good for a bloc-wide economy … More The Daily Dose; Markets Rally on EU Stimulus
-Stimulus meets the surrealism of populism. -First-half optimism is starting to fade. Crude oil prices were in retreat early in the Friday session amid jitters over global economic recovery plans. Risk analysts expect Jenga-like challenges will erupt in emerging markets that may lack the healthcare infrastructure to deal with the pandemic. Elsewhere, the Chinese appetite … More The Daily Dose; Is Stimulus Over?
The GERM Report 