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The Extended Holiday Makes for Subdued Price Action

April 10, 2023
Overview: The holiday continues. In the Asia Pacific region, Hong Kong, Australia, and New Zealand, and the Philippines markets were closed. The regional bourses advanced but China.  European markets remain closed. US equity futures are narrowly mixed. The 10-year US Treasury yield is off nearly three basis points to about 3.36%. The dollar is tra…
The Extended Holiday Makes for Subdued Price Action The Extended Holiday Makes for Subdued Price Action Reviewed by Marc Chandler on April 10, 2023 Rating: 5
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OPEC+ Surprises while Manufacturing Remains Challenged

April 03, 2023
Overview: News of OPEC+ unexpected output cuts saw May WTI gap sharply higher and helped lift bond yields. May WTI settled near three-week highs before the weekend near $75.65 and opened today near $80. It reached almost $81.70 before stabilizing and is straddling the $80 area before the North American session. The high for the year was set in the…
OPEC+ Surprises while Manufacturing Remains Challenged OPEC+ Surprises while Manufacturing Remains Challenged Reviewed by Marc Chandler on April 03, 2023 Rating: 5
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