{"id":1487,"date":"2021-07-01T10:10:52","date_gmt":"2021-07-01T13:10:52","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1487"},"modified":"2021-07-01T10:10:55","modified_gmt":"2021-07-01T13:10:55","slug":"the-global-economy-has-had-covid-for-a-long-time-due-claims-data-and-theopec-answers","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/07\/01\/the-global-economy-has-had-covid-for-a-long-time-due-claims-data-and-theopec-answers\/","title":{"rendered":"The global economy has had Covid for a long time, due claims data, and theOPEC answers"},"content":{"rendered":"\n

Wyllian Capucci
07\/01\/2021<\/em><\/p>\n\n\n\n

Volatility<\/strong><\/p>\n\n\n\n

After a first half of the year, in which global shares presented one of thebest performances of the last two decades, investors expect morevolatility in the coming months.\u00a0The beginning of the Federal Reserve stimulus reductionand the growing understanding that Covid-19 can stay with us for a long time.seem to be the dominant themes.\u00a0Asia’s smallest success in deployingvaccine programs are already making the region less attractive to investors,as the economic recovery stumbles.<\/p>\n\n\n\n

Claims<\/strong><\/p>\n\n\n\n

Investors take a last look at the employment situation before the company report.Tomorrow’s payroll when the weekly insurance claims data-unemployment is released this morning.\u00a0The consensus is that 388,000 peoplesigned an unemployment insurance contract last week, with the requestscontinuous showing a small drop in relation to the previous number.\u00a0The dataof ADP jobs yesterday showed that the US created more jobs than theexpected in the month, while economists surveyed by Bloomberg expect thatthe number of tomorrow’s payrolls jumps by more than 700,000.<\/p>\n\n\n\n

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

OPEC and its allies will decide today on production levels for the nextmonths, with clear disagreement before the meeting between Russia that wants to open thetaps and Saudi Arabia seeking a more cautious approach.\u00a0PossibleOffer increases are being discussed for August or September, the minister said.of Kazakhstan Energy, Nurlan Nogaev, told reporters.\u00a0On the market today, oilis trading above $74 a barrel, the highest level since 2018, withanalysts expecting more increases unless OPEC+ offers a big andsurprising increase in production<\/p>\n\n\n\n

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

Persistent fears about the economic cost of the delta variant in Asia areimpeding equity indicators as European and US equitiesincrease earnings.\u00a0Overnight, the MSCI Asia Pacific index fell 0.5%, whileJapan’s Topix index closed 0.2% lower.\u00a0Hong Kong markets closed forcause of the holiday.\u00a0In Europe, the Stoxx 600 Index was 0.5% higher at 6:50 am,Bras\u00edlia time, in a broad recovery led by banks andtravels.\u00a0The S&P 500 futures pointed to a small gain at the opening, the10-year treasury yield was at 1.482% and gold rose<\/p>\n\n\n\n

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

Initial unemployment insurance claims data are at 9:30 am, with the PMI of theJune manufacturing at 10:45 am and ISM manufacturing at 11 am.\u00a0The Fed Chairman ofAtlanta, Raphael Bostic, speaks later.\u00a0Automakers disclose their numbers ofsales in the USA.\u00a0The OECD is meeting on global corporate taxes.Walgreens Boots Alliance Inc. and Acuity Brands Inc. are among the companies thatreported results.\u00a0Canadian markets are closed for the holiday<\/p>\n\n\n\n

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

Wyllian Capucci07\/01\/2021 Volatility After a first half of the year, in which global shares presented one of thebest performances of the last two decades, investors expect morevolatility in the coming months.\u00a0The beginning of the Federal Reserve stimulus reductionand the growing understanding that Covid-19 can stay with us for a long time.seem to be the dominant […]<\/p>\n","protected":false},"author":2,"featured_media":1214,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1487","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\/1487","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=1487"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1487\/revisions"}],"predecessor-version":[{"id":1488,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1487\/revisions\/1488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1214"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}