994 days ago
Gold climbed to its highest price in 4 weeks as inflation concerns boosted the demand of this store of value. Gold has seen its worst month since June 2016, hut by signals that the Fed could increase interest rates sooner than expected to counter inflation. Stimulus helped the metal reach new highs but the reopening and vaccinations sent it back down. Source: Bloomberg
995 days ago
The 7-day average of daily air passenger traffic increased by 2.9% to 2.032M during the week ending July 12. This was 79.3% of traffic during the same week in 2019, down from 81.1% in the prior week. Leisure travel has rebounded quickly, while corporate and international travel continue to lag. That said, Andrew Didora, our senior equity analyst for airlines and cruise lines, noted that corporate travel is trending higher. International travel remains depressed, and the Delta variant is likely to keep a lid on international travel for the foreseeable future.
995 days ago
Soy beans are down by 2.3% in the past month, and corn down by 4.8%
995 days ago
The American Petroleum Institute declared a slid in crude inventories by more than 4 barrels last week adding to signs of a declining U.S. crude stockpiles. Futures in New York traded near $75 a barrel after rising 1.6% on Tuesday leading to a straight eighth weekly draw, the longest run of declines since January 2018
995 days ago
America's oil demand has surged to new high following the pandemic low. The US rolling average of total oil products supplied jumped to its highest level ever. Gasoline and diesel demand have returned to their pre-pandemic levels while oil used for plastic, asphalt, lubricants and other products soared to new highs.
