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Economy

“Oil Price Fundamental Daily Forecast – Unexpected Demand from Fuel Switching Put $100 Crude on Radar”

“…The U.S. benchmark crossed the psychological $80 per barrel level on Friday for the first time since November 2014, jumping more than 2% before easing into the close. Brent also rose more than 2% higher early in the session. On… Continue Reading…

Stocks

“Stocks retreat from records, consumer confidence unexpectedly drops in August”

“Stocks drifted lower Tuesday morning after each of the S&P 500 and Nasdaq touched yet another record intraday high earlier in the session. A closely watched index tracking US consumer confidence unexpectedly deteriorated in August to a fresh pandemic-era low, cooling hopes… Continue Reading…

Economy, Stocks

“Stocks surge as US economy unexpectedly adds 2.5M jobs in May”

“The Dow advanced more than 2% shortly after market open, adding more than 700 points. The 30-stock index hit its highest level since March 4. The S&P 500 also rose more than 2% and hit its highest level since February… Continue Reading…

Economy

“UK economy shows unexpected strength in July, dampening recession fears”

“Britain’s economy picked up more than expected in July, data showed on Monday, dampening fears that it will succumb to its first recession since the financial crisis… Economic output in July alone was 0.3% higher than in June, the Office… Continue Reading…