{"id":1224,"date":"2021-05-27T14:41:12","date_gmt":"2021-05-27T17:41:12","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1224"},"modified":"2021-05-27T14:41:15","modified_gmt":"2021-05-27T17:41:15","slug":"bidens-big-change-in-china-due-data-and-a-big-change-for-thelarge-oil-companies","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/27\/bidens-big-change-in-china-due-data-and-a-big-change-for-thelarge-oil-companies\/","title":{"rendered":"Biden’s big change in China, due data and a big change for thelarge oil companies"},"content":{"rendered":"\n

Wyllian Capucci
05\/27\/2021<\/em><\/p>\n\n\n\n

Competition<\/strong><\/p>\n\n\n\n

The period of engagement with China is over for the USA, replaced by one ofcompetition, according to Kurt Campbell, the US coordinator for Indo-Pacific affairson the National Security Council.\u00a0Your comments were made before what was describedas “frank” conversations between U.S. Trade Representative Katherine Tai and DeputyPrime Minister of China, Liu He, while the two sides try to resolve some of their differences.\u00a0IT’SPresident Joe Biden’s call for a deeper investigation into theCovid-19 source helps a lot to help relations, with Chinese diplomats getting angrywith any suggestion that it came from a laboratory in Wuhan.<\/p>\n\n\n\n

Falling down<\/strong><\/p>\n\n\n\n

Weekly unemployment insurance claims are expected to continue their recent movementbearish when the data is published at 9:30 am Eastern Time.\u00a0About425,000 new applications for unemployment benefits are expected last week,with continued orders falling to less than 3.7 million.\u00a0The data are released on themoment when policymakers seem to be increasingly confident about theeconomic outlook, with Federal Reserve Vice President Richard Clarida and Vice PresidentFed chairman for oversight, Randal Quarles, saying the time to startdiscussing the reduction of asset purchases at FOMC meetings is coming<\/p>\n\n\n\n

Activists<\/strong><\/p>\n\n\n\n

Climate concerns are ahead and at the center for some of the biggest companiesof oil in the world.\u00a0Exxon Mobil Corp. CEO Darren Woods saw aactivist investments – with only 0.02% of the company’s shares – win two seats in theadvice, as it failed to appease climate-conscious investors.\u00a0The shareholdersfrom Chevron Corp.\u00a0rejected the council’s recommendation and supported a proposal toreduce the emissions of the company’s customers.\u00a0Royal Dutch Shell Plc was convicted of aDutch court to cut emissions by 45% by 2030, much faster than the companyhad planned.<\/p>\n\n\n\n

Mixed markets<\/strong><\/p>\n\n\n\n

It is another very silent session for global equities, with investors waiting for theUS data this morning.\u00a0Overnight, the MSCI Asia Pacific Index fell 0.2%, while theJapan’s Topix closed down 0.5%.\u00a0In Europe, the Stoxx 600 Index was 0.1% higher at 6:50 am,Bras\u00edlia time, with mining companies being, in a way, the industry sector with the bestperformance.\u00a0The S&P 500 futures pointed to a slightly lower opening, the10-year Treasury yield was 1.582%, oil was being tradedbelow $ 66 a barrel and gold was stable.<\/p>\n\n\n\n

Coming<\/strong><\/p>\n\n\n\n

April durable goods orders and first quarter GDP second readingaccompany the claims data at 9:30 am.\u00a0GDP and personal consumption figures shouldbe slightly revised upwards.\u00a0Pending home sales in the U.S. in April areat 11am.\u00a0Kansas City Fed Manufacturing is at 12 noon, at the same time as the secretaryTreasury Officer, Janet Yellen, is expected to appear on the House’s appropriation panel.\u00a0CEOs ofWall Street are back in Congress for the second day of their interrogation.Salesforce.com\u00a0<\/a>Inc., Costco Wholesale Corp., Dell Technologies Inc. and Best Buy Co Inc. areamong the many companies that reported results<\/p>\n\n\n\n

Source:https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Wyllian Capucci05\/27\/2021 Competition The period of engagement with China is over for the USA, replaced by one ofcompetition, according to Kurt Campbell, the US coordinator for Indo-Pacific affairson the National Security Council.\u00a0Your comments were made before what was describedas “frank” conversations between U.S. Trade Representative Katherine Tai and DeputyPrime Minister of China, Liu He, while […]<\/p>\n","protected":false},"author":2,"featured_media":1023,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1224"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1224\/revisions"}],"predecessor-version":[{"id":1225,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1224\/revisions\/1225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1023"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}