{"id":1479,"date":"2021-06-30T12:06:07","date_gmt":"2021-06-30T15:06:07","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1479"},"modified":"2021-06-30T12:06:10","modified_gmt":"2021-06-30T15:06:10","slug":"delta-variant-feeds-fear-its-the-last-day-of-the-quarter-and-tough-negotiationsabout-oil-are-to-come","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/06\/30\/delta-variant-feeds-fear-its-the-last-day-of-the-quarter-and-tough-negotiationsabout-oil-are-to-come\/","title":{"rendered":"Delta variant feeds fear, it’s the last day of the quarter and tough negotiationsabout oil are to come"},"content":{"rendered":"\n

Wyllian Capucci
30\/06\/2021<\/em><\/p>\n\n\n\n

Scratchs <\/strong><\/p>\n\n\n\n

The seemingly endless push and pull between reopening optimism andfear of new locks dominates markets as virus variants becomespread.\u00a0Travel stocks are under pressure again today with a reportof the United Nations Conference on Trade and Development suggesting thatthe overall cost of the pandemic to the tourism industry could reach $4 trillion by theend of this year.\u00a0While there has been some good news on the vaccine frontafter Moderna Inc. said his injection produced protective antibodiesagainst the delta strain , there are still problems getting people to get vaccines in thedeveloped world and to achieve supply in the developing world<\/p>\n\n\n\n

Half way <\/strong><\/p>\n\n\n\n

One of the main stories of the first half of the year is the rise and fall ofcryptocurrencies.\u00a0After hitting a record nearly $65,000 in mid-April, theThe original cryptocurrency has dropped more than 45% to $34,500 since then.\u00a0The volatility ofactive, in full view at the 5% drop this morning , remains one of themain barriers to broader institutional adoption, according toFrancesca Fornasari of Insight Investment.\u00a0China’s crackdown on digital assetsalso continues to weigh on the sentiment, as Bitcoin seems about tofinish the first half of the year with only a small gain.\u00a0The Committee ofChamber Financial Services holds a hearing on cryptography from11:00 am, Bras\u00edlia time<\/p>\n\n\n\n

Oil meeting <\/strong><\/p>\n\n\n\n

Although the first six months of the year may have been a wild ride forcryptocurrencies, it was a good ride for oil, which saw prices rise 50%in its better half since 2009. The market continues to be dominated by what theOPEC and its allies Follow up with policy makers, weighing thepressure to increase supply and the medium-term demand effects of the pandemic.The difficulty in reaching a decision can be seen in the postponement of negotiationspreliminaries until tomorrow morning to allow more time for an agreement before theministerial meeting, also Thursday<\/p>\n\n\n\n

Market slip<\/strong><\/p>\n\n\n\n

The last day of the quarter doesn’t seem like a popular day to add risk, with themost stock indicators falling to the red.\u00a0Overnight, the indexMSCI Asia Pacific fell 0.1%, while Japan’s Topix index closed 0.3% lower.\u00a0AtEurope, the Stoxx 600 Index fell 0.8% at 6:50 am, with all industry sectorsrecording losses.\u00a0S&P 500 futures signaled a small decline in theopening, the 10-year Treasury yield was at 1,460% and gold plummeted<\/p>\n\n\n\n

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

Some hectic days for the US job market start at 9:15 am with theADP’s latest employment report.\u00a0Pending home sales data in the USA for May is at 11:00 am.\u00a0The latest crude oil stocks are at 11:30 am.\u00a0YouUSDA’s quarterly crop data is at 1:00 pm.\u00a0The Atlanta Fed President,Raphael Bostic and Richmond Fed President Tom Barkin speak later.Constellation Brands Inc., General Mills Inc. and Bed Bath & Beyond Inc. are among thereporting companies<\/p>\n\n\n\n

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

Wyllian Capucci30\/06\/2021 Scratchs The seemingly endless push and pull between reopening optimism andfear of new locks dominates markets as virus variants becomespread.\u00a0Travel stocks are under pressure again today with a reportof the United Nations Conference on Trade and Development suggesting thatthe overall cost of the pandemic to the tourism industry could reach $4 trillion by […]<\/p>\n","protected":false},"author":2,"featured_media":1333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1479","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\/1479","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=1479"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1479\/revisions"}],"predecessor-version":[{"id":1480,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1479\/revisions\/1480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1333"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}