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Crude oil prices consolidate narrowly around 11-month high. After rebounding about 20% from the March low, upside momentum appears fading. Traders are increasingly concerned about the demand outlook which could be hurt by resurgence in coronavirus cases in China. The Chinese government reported 793 new cases last week, compared with below 300 two weeks ago.
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LONDON: Copper fell for a fourth day on Tuesday as the slow progress of U.S. stimulus measures, a stronger dollar and concerns about demand from top consumer China sucked momentum from a rally that lifted prices to eight-year highs earlier this month. China, whose copper consumption has driven the rally, is gearing up for a
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Johnson & Johnson Coronavirus vaccine illustration Dado Ruvic | Reuters Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street’s expectations. Here’s how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv: Adjusted EPS: $1.86 per share versus $1.82 expected. Revenue: $22.48 billion versus $21.67 billion
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AUD/USD drops around 15-pips following the news suggesting Beijing’s readiness for a military drill in the South China Sea. Bearish MACD, break of short-term key support favor sellers. Eight-day-old resistance line adds to the upside filters. AUD/USD prints 0.32% intraday losses, currently heavy near the day’s low of 0.7684, ahead of Tuesday’s European session. In
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