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- Written by TradersCom
- Category: Economy
The Conference Board said Consumer Confidence declined in August for the second consecutive month in the US with the index at 84.8 v 93.0 expected and 92.6 in July as the Covid-19 lockdown angt continued and stimulus paymetns expired. Consumers appear to see low interest rates and stimulus payments as a one-off event. Consumers were also more pessimistic about the short-term outlook.
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- Written by Super Harley
- Category: Stocks
Apple’s 4-for-1 stock split has propelled $AAPL, the S&P 500 and NASDAQ to record highs it has also prompted major changes in the Dow Jones Industrial Average. Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies.
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- Written by TradersCom
- Category: Energy
Natural gas futures rose after near expected build of +43 Bcf in natural gas storage last week as heat continued to hit record highs temps. . The focus is on the gulf weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.
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- Written by TradersCom
- Category: Energy
EIA reported a draw in crude oil of -1632kbbl, a draw of -607kbbl at Cushing with large draws on the Gulf Coast for largest 4 weeks pull ever. Draws in gasoline -3322kbbl and a small distillate build of +152kbbl. US production was at 10,700 mbpd, off record high of 13.10 mbpd.
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- Written by TradersCom
- Category: Forex
The Moscow Exchange will begin trading 20 stocks from the S&P 500 Index on 24 August, 2020. Foreign stocks will be traded and settled in RUB within MOEX’s infrastructure.Top names include Apple, Boeing, Amazon NVidia, Microsoft and McDonalds.
