News – UK – Inflation Deals, Economic Reconciliation, Boeing Mishap – What’s Going On In The Markets By Investing? Com

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Investierencom – Base metal prices hit 10-year high as reflation bets weaken the dollar and long-term bonds, stocks are expected to open lower as analysts re-orient their models to account for higher cost of capital Boeing is establishing some of its 777s and the oil rally continues February, in the financial markets know:

Inflation trading, or reflation trading if you prefer, revived and base metal prices hit multi-year highs in anticipation of a synchronous global recovery

Copper futures broke in London for the first time since 2011 9000 USD per ton and rose to 9$ 233 before it was traced but still above the 9 level$ 000 remains The futures on iron ore, the main constituent of steelmaking, rose to their highest level in three weeks in Singapore, now less than 5% below the 10-year high they hit in January. Zinc futures hit a two-year high , while aluminum futures reached their highest level since 2018

Trading in metals is the downside of selling in dollars and in longer-term government bonds.This trend was exacerbated by the prospect of $ 1.9 trillionS. Stimulus package to vote in the House of Representatives this week

It’s a quiet start to the week for the data calendar, as only polls from the Chicago and Dallas Federal Reserve banks are due

In addition, Fed Governor Michelle Bowman will speak at 3:30 p.m. ET (2030 GMT) and provide the warm-up for Chairman Jerome Powell, whose two days in Congress on Tuesday and Wednesday will be one of the biggest events of the week / p>

Overnight survey in Turkey and Germany revealed increasing business confidence The closely watched German Ifo survey exceeded forecasts for both current conditions and business expectations, largely due to the strength of the manufacturing sector

US. Equity markets are expected to reopen later as the prospect of rising bond yields translates into higher expected cost of capital for companies, pushing return on equity

At 6:30 p.m. ET (1130 GMT), the Dow Jones futures fell 183 points, or 06%, while the S&P 500 futures fell 0.8% and tech-heavy NASDAQ futures fell 12%

Stocks expected to be in focus later include Berkshire Hathaway (NYSE: BRKa) and Dish Networks (NASDAQ: DISH), both of which are posting profits ahead of the opening oil and gas sector, dominating the late reports, with Williams (NYSE: WMB), Occidental (NYSE: OXY) and Diamondback (NASDAQ: FANG) all present

Another stock likely to be in focus later is Boeing (NYSE: BA), which has asked airlines to ground 777 aircraft with a certain model of the Pratt & Whitney engine, one of the engines of a United Airlines- The Denver flight exploded over the weekend, revealing debris over the neighborhood There were no deaths

It is the recent embarrassment for the company, which has only just received regulatory approval to begin flying its 737 MAX aircraft after two years on the ground following fatal accidents

Boeing stock fell 37% in premarket trading while Raytheon (NYSE: RTN), owner of Pratt & Whitney, was down 2% 9%

Crude oil prices started the week higher, and signs that the Texan energy complex is returning to normal after last week’s cold snap that left production wells, pipelines and refineries offline

Until 6:30 p.m. ET U.S. Crude Oil Futures rose 08% at $ 5972 a barrel while Brent crude rose 0.8% at $ 6262 a barrel

The CFTC data released on Friday had shown that the price spike for the past week had occurred without major support from speculative gamblers, which would suggest it will be harder to relax

Overnight, Bloomberg reported that at their next meeting between Saudi Arabia and Russia, a dispute is brewing over the review of oil production, with Russians looking to increase production rather than their Gulf partners, the Wall Street Journal had last week reports that Saudi Arabia plans to reverse the unilateral cut of 1 million barrels a day for February and March

(Reuters) – Robert Kaplan, President of the US Federal Reserve in Dallas, reiterated his prediction on Monday that the US. The economy will grow by about 5% this year, but said he might as well be

By Jan Strupczewski BRUSSELS (Reuters) – The COVID-19 pandemic is likely to widen the prosperity gaps in Europe unless policymakers help end the global health crisis and support economies

By Tuvan Gumrukcu ANKARA (Reuters) – President Tayyip Erdogan on Monday defended a policy that oversaw a sharp decline in foreign exchange reserves under former Finance Minister Berat Albayrak

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News – UK – Inflation Deals, Business Cycle Reconciliation, Boeing Mishap – What’s Going On In The Markets By Investing? com

Source: https://www.investing.com/news/economy/inflation-trades-stimulus-vote-boeing-mishap–whats-up-in-markets-2425251