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Risk-on mood propels dazzling rally in US stocks

Risk-on mood propels dazzling rally in US stocks

The US stock market finished November with the strongest monthly gains in many years. Besides, global stock investors are also in the elevated mood. Having shrugged off fears over a limping economic recovery, market participants are inspired by the news on the vaccine front. Optimism boosts the appetite for riskier assets.
17:24 2020-12-03 UTC+00
China to outpace US in oil processing

China to outpace US in oil processing

China is on track to dethrone the US as the leader in oil processing. The first step in this challenge is the launch of a new crude distillation unit (CDU) in Rongsheng Petrochemical, the gigantic oil refinery complex in Zhoushan in the North-east of the country. According to Bloomberg, this plant is one of the four world’s largest oil processing projects with an utmost capacity of 1.
17:20 2020-12-03 UTC+00
Nord Stream 2 to face severer opponent in face of Joe Biden

Nord Stream 2 to face severer opponent in face of Joe Biden

What one can say about Russia’s odious Nord Stream 2 project? Out of the frying pan into the fire. This phrase perfectly describes the ongoing battle for the construction of the pipeline. Since the very beginning, the project has moved from a difficult situation to one that was even worse.
15:36 2020-12-03 UTC+00
Dow Jones to hit new record highs

Dow Jones to hit new record highs

Economists are trying to figure out whether the Dow Jones Industrial Average, one of the major US stock indexes, will be able to break above its recent high. After the index has skyrocketed to 30,000 for the first time in its history in late November, many economists assume that there is still room for a greater rally.
15:27 2020-12-03 UTC+00
IHS Markit predicts 4.2% decline in global GDP in 2020

IHS Markit predicts 4.2% decline in global GDP in 2020

At present, any failure can be explained by the coronavirus pandemic. Undoubtedly, the deadly virus has become a major challenge for the whole world. However, the social and economic impact of the COVID-19 crisis on each country is different.According to research firm IHS Markit, the spread of infection in the United States and the European Union has dealt the heaviest blow to the global economy.
14:34 2020-12-03 UTC+00
Gold slumps on positive vaccine news

Gold slumps on positive vaccine news

In the world of finance, gold has always been the best indicator to reflect the level of fear among investors. Traditionally, the precious metal appreciates during economic turbulence and loses ground amid good news. The coronavirus crisis is no exception here. Since the beginning of the pandemic, gold has surged rapidly on virus fears and the absence of a vaccine.
14:30 2020-12-03 UTC+00
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