Summary Of the Markets Today:
- The Dow closed down 234 points or 0.53%,
- Nasdaq closed down 132 points or 0.66%,
- S&P 500 closed down 33 points or 0.54%,
- Gold $2,705 down $52.50 or 1.89%,
- WTI crude oil settled at $70 down $0.14 or 0.020,
- 10-year U.S. Treasury 4.332 up 0.061 points or 1.475%,
- USD index $107.03 up $0.32 or 0.30%,
- Bitcoin $100,036 down $1,250 or 1.25%, (24 Hours),
*Stock data, cryptocurrency, and commodity prices at the market closing
Today’s Highlights
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday, but the event failed to spark a continuation of the recent market rally that followed his election victory. Instead, Wall Street experienced a downturn as investors grappled with new inflation data and its potential impact on future interest rate decisions. The major stock indices closed lower Apple (AAPL) was a notable exception, with its shares rallying slightly to close at a record high. The 10-year Treasury yield (^TNX) increased by 5 basis points, reaching 4.32%, its highest closing level since November 22. Producer Price Index (PPI) showed a 0.4% increase from the previous month, higher than the expected 0.2%. The conflicting inflation data has created uncertainty regarding the Federal Reserve’s next moves. The hotter PPI data has put focus on the chances of the Fed holding rates steady in January but the market pundits believe there will be a ¼ point reduction in December. Adobe (ADBE) shares fell nearly 14% following a downbeat revenue forecast, highlighting challenges in monetizing AI investments. Labor Market Weekly jobless claims rose to 242,000, above expectations of 220,000. However, economists caution against drawing conclusions from a single data point, especially during the volatile holiday season.
Click here to read our current Economic Forecast – December 2024 Economic Forecast: Insignificant Improvement And Still Indicating a Weak Economy
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
The Producer Price Index for final demand rose from 2.6% to 3.0% for the 12 months ended in November, the largest rise since moving up 4.7% for the 12 months ended February 2023. The Producer Price Index (PPI) is a family of indexes that measures the average change over time in selling prices received by domestic producers of goods and services. It tracks inflation from the perspective of sellers and producers, rather than consumers. The PPI less food and energy advanced from 3.4% to 3.5% year-over-year. The services component of the PPI rose from 3.8% to 3.9% year-over-year whilst the goods component rose from 0.2% to 1.1% year-over-year. Like a broken record, I continue to advise inflation is far from under control.
In the week ending December 7, the advance figure for seasonally adjusted initial unemployment claims 4-week moving average was 224,250, an increase of 5,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 218,250 to 218,500. It’s important to note that despite this increase, the number of claims remains relatively low by historical standards. However, here is my speculation of what this rise could be indicative of:
- The timing of the rise, occurring around the end-of-year holidays, suggests that seasonal volatility may have played a role. Claims data is often unpredictable during this period. Some experts attribute the jump to seasonal fluctuations related to the timing of Thanksgiving.
- The increase in jobless claims could be indicative of a broader trend of a cooling labor market such as: Employers have been pulling back on job openings in recent months; and Hiring has slowed as businesses grapple with high borrowing costs due to elevated interest rates; This rise in claims might be one of several indicators pointing towards a job market slowdown.
- While the labor market has remained relatively robust despite rising interest rates, recent data suggests some weakening caused by the Federal Reserve’s interest rate hikes aimed at tackling inflation may be having a delayed impact on employment. Businesses might be adjusting their workforce in response to economic uncertainties and high borrowing costs.
Here is a summary of headlines we are reading today:
- Policy Shifts and Supply Chain Disruptions Drive Copper Bull Run
- Cracks Emerge in NATO Alliance as Ukraine’s Fate Hangs in the Balance
- European Energy Majors Shift Back to Oil and Gas
- China’s Drone Restrictions Deal Blow to Ukraine’s War Effort
- US Solar Industry’s Pitch to Trump Plays on President-Elect’s Key Pledges
- Dow falls more than 200 points after warm inflation report, Nasdaq retreats from record: Live updates
- Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
- Charts signal that an Nvidia breakdown could be imminent
- Trump reaffirms crypto commitment at New York Stock Exchange visit: CNBC Crypto World
- Gen Z to the rescue? How malls are winning over a generation of in-person shoppers
- Understanding The Anger Over Healthcare In One Picture
- “Moderate Jihad”: Syrians ‘Excited’ Over Public Executions
- Satellite Footage Reveals Iranian “Mothership” Drone Carriers Exist, Just Not Near New Jersey
10-year Treasury yield ends at nearly 3-week high after hotter-than-expected producer prices
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
The Market in Perspective
| Here are the headlines moving the markets. | |
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Policy Shifts and Supply Chain Disruptions Drive Copper Bull RunIt’s déjà vu for China’s copper smelters. But how will it affect the global price of copper? The shortfall China faced in mid-2024 following the limited availability of copper ore in June led the country to significantly increase its imports of copper scrap as an alternative raw material. In fact, in the first five months of 2024, the world’s largest refined copper producer brought in nearly 1 million tons of scrap, putting imports on track for the highest level since 2018. By using more scrap, smelters can maintain… Read more at: https://oilprice.com/Metals/Commodities/Policy-Shifts-and-Supply-Chain-Disruptions-Drive-Copper-Bull-Run.html |
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Maple Syrup Diplomacy: Canada’s Sweet Revenge for Trump’s Tariff TantrumAs Donald Trump’s return to the White House looms, so does the specter of another trade war, and Canada seems to be sharpening its economic arsenal. Rumors are swirling in Ottawa about potential export taxes on uranium, oil, and potash—the very lifeblood of American industry. It’s a chess move that some say reeks of desperation. Others may call it a cold calculation aimed squarely at a president who might just be bold enough to drag his neighbors into a tariff-fueled skirmish. Export levies would be a last resort, insiders insist,… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Maple-Syrup-Diplomacy-Canadas-Sweet-Revenge-for-Trumps-Tariff-Tantrum.html |
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Rystad Energy: 2025 Will Be a Pivotal Year for the Energy TransitionAs the dust settles on what has been tumultuous year of elections, geopolitical tension and global debates on emissions, 2025 looks set to be a pivotal year in the fight against climate change, securing energy stability, and fostering sustainable economic growth. For governments around the world, this moment marks a critical juncture to accelerate efforts that have been deliberated for years but largely remain unfulfilled. While issues such as the cost of living and geopolitical tensions have dominated headlines in 2024, it is clear the time to… Read more at: https://oilprice.com/Energy/Energy-General/Rystad-Energy-2025-Will-Be-a-Pivotal-Year-for-the-Energy-Transition.html |
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Cracks Emerge in NATO Alliance as Ukraine’s Fate Hangs in the BalanceThe mood on Ukraine at the NATO foreign affairs ministerial in Brussels on December 3-4 can be described in one word: grim. Just listen to the normally chirpy NATO Secretary-General Mark Rutte: “This could be Ukraine’s most difficult winter since 2022.” Or Ukrainian Foreign Minister Andriy Sybiha, who told the press that the situation “is really very challenging. And I am [being] very diplomatic now.” A senior NATO official, speaking anonymously because they weren’t authorized to speak on the record, made clear to me what has been apparent for… Read more at: https://oilprice.com/Geopolitics/International/Cracks-Emerge-in-NATO-Alliance-as-Ukraines-Fate-Hangs-in-the-Balance.html |
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Tesla Dominance Secures Spot in Deutsche Bank’s Top Auto PicksDeutsche Bank released a new note on coming 2025 themes, trends and top picks in the automotive industry this week. Among the standouts from the note were: Volkswagen (Europe): Volkswagen is addressing cost inefficiencies with bold restructuring efforts, such as plant closures and a canceled labor agreement in Germany. Its new product launches, particularly in premium brands Audi and Porsche, position it to have the youngest portfolio by year-end 2025, enhancing competitiveness. BMW (Europe): BMW leads German automakers in Battery Electric Vehicle… Read more at: https://oilprice.com/Energy/Energy-General/Tesla-Dominance-Secures-Spot-in-Deutsche-Banks-Top-Auto-Picks.html |
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Russian Rosneft, India’s Reliance Strike Biggest-Ever Oil DealRussia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to India’s Reliance Industries in the biggest oil supply deal between the two countries, Reuters reported on Thursday. The 10-year agreement is worth roughly $13 billion a year at current prices. Under the deal, Rosneft will deliver 20-21 Aframax-sized cargoes (80,000 to 100,000 metric tons) of various Russian crude grades and three cargoes of about 100,000 tons each of fuel oil each month. Previously, we reported that India is likely to resort… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Russian-Rosneft-IndianReliance-Strike-Biggest-Ever-Oil-Deal.html |
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European Energy Majors Shift Back to Oil and GasSeveral European oil and gas majors appear to be doubling down on their investments in fossil fuels, despite reports from earlier in the year warning that strict North Sea regulations could dampen interest in oil and gas. Shell and Equinor have just announced a new joint venture for their North Sea activities, while BP’s deal with Japan’s Jera will allow it to focus on continuing to exploit its oil and gas assets. While all three companies have expanded their renewable energy portfolios, it seems they are not yet ready to leave oil… Read more at: https://oilprice.com/Energy/Energy-General/European-Energy-Majors-Shift-Back-to-Oil-and-Gas.html |
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Norway Wants to Scrap EU Power Links amid Surging PricesNorway’s ruling party and the opposition party leading in the polls ahead of next year’s election plan to campaign for cutting off an interconnector with Denmark and renegotiate electricity interconnections with the EU and the UK as Norwegian power prices have soared to multi-year highs. While not a part of the European Union, Norway is a key EU partner and is party to many EU single market initiatives, including in electricity interconnection. But unlike most of the EU countries, Norway has abundant hydro resources and doesn’t… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Norway-Wants-to-Scrap-EU-Power-Links-amid-Surging-Prices.html |
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China’s Drone Restrictions Deal Blow to Ukraine’s War EffortEscalating trade hostilities between China and the United States are putting drone supplies critical to Ukraine’s war effort in the crosshairs. U.S. media reports suggest Chinese manufacturers are limiting the sale of vital drone components to companies in the United States and the European Union that supply the parts to Ukraine. The Chinese restrictions could hinder Ukraine on the battlefield, where drones have played a pivotal role. Kyiv’s arsenal of cheap but effective drones is used for reconnaissance, dropping explosives on targets,… Read more at: https://oilprice.com/Geopolitics/International/Chinas-Drone-Restrictions-Deal-Blow-to-Ukraines-War-Effort.html |
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Refinery Closures Could Lift Global Diesel Prices in 2025Diesel prices are set to rise next year from the currently depressed levels as several refineries in developed countries are scheduled to cease production of fuels, analysts and traders have told Reuters. After rising in November to multi-month highs, refining margins for diesel have dropped over the past two weeks in all regions, including in the United States, Europe, and Asia. Next year, an estimated 1 million barrels per day (bpd) of refining capacity across Europe and the U.S. is set to close permanently. But another 800,000 bpd or slightly… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Refinery-Closures-Could-Lift-Global-Diesel-Prices-in-2025.html |
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IEA Sees Large Oil Glut in 2025 Despite OPEC+ Delay to Supply HikeThe global oil market will find itself in a large surplus next year, even as OPEC+ has decided to defer the start of production increases to April, the International Energy Agency (IEA) said on Thursday. The OPEC+ group last week decided to delay the start of the easing of the 2.2 million bpd cuts to April 2025, from January 2025. The group also extended the period in which it would unwind all these cuts into the following year, until September 2026. While the OPEC+ decision “has materially reduced the potential supply overhang… Read more at: https://oilprice.com/Energy/Energy-General/IEA-Sees-Large-Oil-Glut-in-2025-Despite-OPEC-Delay-to-Supply-Hike.html |
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Saudi Oil Supply to China Set for Three-Month High in JanuarySaudi Arabia is expected to ship in January the highest crude oil volumes to China in three months, after the world’s top crude exporter cut its prices for Asia for next month, trade sources told Reuters on Thursday. Saudi Arabia plans to ship a total of 46 million barrels of crude oil to the world’s largest crude importer in January, the highest volume since October. January deliveries will be significantly higher than the 36.5 million barrels expected to be shipped from Saudi Arabia to China in December. This month will see a second… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Saudi-Oil-Supply-to-China-Set-for-Three-Month-High-in-January.html |
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EU Not Easing Car Emission Rules Despite Pressure From LawmakersThe European Commission is not considering any easing to the European Union’s vehicle emission rules, even amid political pressure from the biggest political group in the European Parliament. Last year, the EU member states approved an emissions regulation under which the bloc will end sales of new carbon dioxide-emitting cars and vans in 2035. Until then, there will be intermediate rules on gradual reduction of emissions from vehicles, the first milestone of which is in 2025. The European People’s Party (EPP), the biggest… Read more at: https://oilprice.com/Latest-Energy-News/World-News/EU-Not-Easing-Car-Emission-Rules-Despite-Pressure-From-Lawmakers.html |
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US Solar Industry’s Pitch to Trump Plays on President-Elect’s Key PledgesThe largest U.S. solar industry association has included key Trump promises in its new top 10 priorities as a new and radically different administration will be taking over from Democrat Joe Biden in January. The Solar Energy Industries Association (SEIA) has just unveiled its priorities, and they all play on President-elect Trump’s pledges of American energy dominance and job creation in America’s heartland, while downplaying the fight against climate change. The top solar industry group is not referencing climate change or emissions… Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Solar-Industrys-Pitch-to-Trump-Plays-on-President-Elects-Key-Pledges.html |
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New Jersey Considers Climate Tax on Oil and Gas CompaniesThe state of New Jersey is looking to follow in Vermont’s footsteps and introduce a fee on oil and gas companies that would go to a climate superfund as a means to make polluters pay. Senate Bill No. 3545, which the New Jersey Senate Environment and Energy Committee is debating on Thursday, would seek to impose liability on certain fossil fuel companies for certain damages caused by climate change. The so-called ‘Climate Superfund Act’ would be similar to one the state of Vermont enacted earlier this year that takes on oil companies… Read more at: https://oilprice.com/Latest-Energy-News/World-News/New-Jersey-Considers-Climate-Tax-on-Oil-and-Gas-Companies.html |
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Dow falls more than 200 points after warm inflation report, Nasdaq retreats from record: Live updatesStocks slipped Thursday as investors digested a hotter-than-expected producer price index reading for November. Read more at: https://www.cnbc.com/2024/12/11/stock-market-today-live-updates.html |
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Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look onPresident-elect Donald Trump, who seeks to attract and boost business in the U.S., was greeted with enthusiasm from the NYSE crowd. Read more at: https://www.cnbc.com/2024/12/12/trump-rings-bell-at-nyse-to-cheers-of-usa-as-wall-street-ceos-business-leaders-look-on.html |
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ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71In the first notable venture-backed tech IPO since April, ServiceTitan shares jumped after the cloud software company raised about $625 million in its offering. Read more at: https://www.cnbc.com/2024/12/12/servicetitan-starts-trading-on-nasdaq-after-ipo.html |
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Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuringWarner Bros. announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation. Read more at: https://www.cnbc.com/2024/12/12/wbd-announces-restructuring-into-linear-streaming-units.html |
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Charts signal that an Nvidia breakdown could be imminentDavid Keller does a thorough technical analysis of Nvidia. Read more at: https://www.cnbc.com/2024/12/12/charts-signal-that-an-nvidia-breakdown-could-be-imminent.html |
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Adobe shares suffer steepest drop in over two years on disappointing revenue guidanceAdobe shares tumbled after the software vendor issued revenue guidance that fell short of analysts’ estimates. Read more at: https://www.cnbc.com/2024/12/12/adobe-shares-plunge-13percent-on-disappointing-2025-revenue-guidance-.html |
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U.S. charges 14 North Koreans in $88 million identity theft and extortion caseNorth Korea has dispatched “thousands” of IT workers to send revenue back to the country’s ruling regime in violation of U.S. and UN sanctions, the DOJ said. Read more at: https://www.cnbc.com/2024/12/12/north-koreans-charged-identity-theft-extortion-conspiracy-doj.html |
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RFK Jr. tells Jim Cramer: Weight-loss drugs shouldn’t replace healthy eating, he’s not against all vaccines“The first line of response should be lifestyle,” Robert F. Kennedy Jr. said. Read more at: https://www.cnbc.com/2024/12/12/rfk-jr-tells-jim-cramer-weight-loss-drugs-shouldnt-replace-healthy-eating-not-against-all-vaccine.html |
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Cathie Wood’s ARKK gets a 30% Trump bump, but outflows persist and top $3 billion in 2024Wood’s flagship Ark Innovation ETF (ARKK) has surged more than 30% since Election Day, but the fund is still suffering from investor outflows. Read more at: https://www.cnbc.com/2024/12/12/cathie-woods-arkk-gets-a-30percent-trump-bump-but-outflows-persist-and-top-3-billion-in-2024.html |
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Trump reaffirms crypto commitment at New York Stock Exchange visit: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Dennis Porter of Satoshi Action Fund discusses a bill from Texas lawmakers that would allow the state to build a strategic bitcoin reserve. Read more at: https://www.cnbc.com/video/2024/12/12/trump-reaffirms-crypto-commitment-new-york-stock-exchange-visit-crypto-world.html |
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Gen Z to the rescue? How malls are winning over a generation of in-person shoppersMall owners and retailers are trying to capitalize as teens and twenty-somethings show about as much interest in shopping in person as baby boomers do. Read more at: https://www.cnbc.com/2024/12/12/gen-z-shopping-at-malls-rather-than-online.html |
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The 3 most expensive ZIP codes in every U.S. state—see how yours comparesHomes in the wealthiest ZIP codes in the U.S. will cost you a median of $1.55 million. Read more at: https://www.cnbc.com/2024/12/11/most-expensive-zip-codes-in-every-us-state.html |
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Watch the full video of Donald Trump talking with Jim Cramer at the NYSEPresident-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday morning. Read more at: https://www.cnbc.com/2024/12/12/watch-the-full-video-of-donald-trump-talking-with-jim-cramer-at-nyse.html |
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Understanding The Anger Over Healthcare In One PictureAuthored by Mike Shedlock via MishTalk.com, Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs…
Data from the BLS, chart by Mish Changes Since 1983
Changes Since Obamacare Started
Understanding BLS CalculationsThe numbers look bad but they are much worse than they look because of the way the BLS calculates the CPI. On all CPI calcu … Read more at: https://www.zerohedge.com/medical/understanding-anger-over-healthcare-one-picture |
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Lucid CEO: Talking With “A Couple” Of Auto Brands On PartnershipLucid Motors CEO Peter Rawlinson appeared on Bloomberg TV Thursday morning to discuss how the struggling electric vehicle (EV) maker is in discussions with “multiple automakers about potential partnerships.”
Read more at: https://www.zerohedge.com/technology/lucid-ceo-talking-couple-auto-brands-partnership |
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“Moderate Jihad”: Syrians ‘Excited’ Over Public ExecutionsAuthored by Paul Joseph Watson via Modernity,news, After lauding how the overthrow of Assad in Syria would bring about “moderate jihad,” the BBC highlighted how thousands of ‘excited’ Syrians turned out to see a public execution.
Since Syrian rebel leader Abu Mohammed al-Jolani led his militants to topple Assad’s government, the legacy media has been busy rebranding al-Jolani and his cohorts as westernized and tolerant, with al-Jolani even adopting the rhetoric of corporate HR departments by declaring, “Diversity is a strength.” Earlier this week, the BBC said that al-Jolani and his HTS fighters wanted to usher in a form of “moderate jihad,” despite the fact that the rebel leader was previously affiliated with ISIS and Al-Qaeda, was radicalized by 9/11, and previously planted roadside IEDs targeting US troops in … Read more at: https://www.zerohedge.com/geopolitical/moderate-jihad-syrians-excited-over-public-executions |
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Satellite Footage Reveals Iranian “Mothership” Drone Carriers Exist, Just Not Near New JerseyPentagon Deputy Press Secretary Sabrina Singh quickly rejected Republican Congressman Jefferson Van Drew of New Jersey’s claim that mysterious Iranian “mothership” drone carriers off the US East Coast were launching drone swarms into New Jersey airspace. Singh told reporters on Wednesday afternoon, hours after Van Drew’s comments on Fox News, that “There is no Iranian ship off the coast of the United States … and there is no so-called ‘mothership’ launching drones toward the United States.” Singh might be correct in her assessment because if Iran had drone carriers off the US East Coast, satellite intelligence firms would have likely published images of these carriers, sparking panic in corporate media—just as they did when Iranian warships sailed across the Atlantic Ocean to Venezuela several years ago. It remains a mystery where the drones are originating from in New Jersey, one of the most restricted airspaces in the world, second only to the Baltimore-Washington metro area. Read more at: https://www.zerohedge.com/military/satellite-footage-reveals-iranian-mothership-drone-carriers-exist-just-not-near-new-jersey |
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British trader found guilty of £1.4bn fraudHe was sentenced to 12 years in prison – the heaviest penalty ever for a Danish fraud case. Read more at: https://www.bbc.com/news/articles/cy478pgy171o |
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Europe’s economy falters as Trump presidency loomsThe European economy is going to have a tough few years, if new forecasts are correct. Read more at: https://www.bbc.com/news/articles/cpw2zydnv7lo |
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Trump rings bell on record stock market – but will it last?The US president-elect comes into office with a strong economy, but investors hope for more and current highs may be difficult to sustain. Read more at: https://www.bbc.com/news/articles/clyn8yjw11go |
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Tech View: 100 DEMA to play key support for Nifty, buy on dips recommended. How to trade on FridayThe Nifty retested the rounding bottom breakout at 24,540, undergoing a time-wise correction in recent days. Once complete, an upward move is expected, with key support at the 100-DEMA near 24,350. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-100-dema-to-play-key-support-for-nifty-buy-on-dips-recommended-how-to-trade-on-friday/articleshow/116255815.cms |
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Zomato, RIL, and BSE among stocks that mutual funds bought and sold in NovemberHere are the large, mid, and smallcap stocks that mutual funds bought and sold in November, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research. Read more at: https://economictimes.indiatimes.com/mf/analysis/zomato-ril-and-bse-among-stocks-that-mutual-funds-bought-and-sold-in-november/articleshow/116240239.cms |
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Bajaj Housing shares drop 6% as 12 million shares hit market after 3-month anchor lock-in endsBajaj Housing Finance share price: Bajaj Housing Finance shares dipped 6% as a three-month lock-in period for anchor investors expired, releasing 12 million shares. The stock debuted in September at Rs 150, currently down 11.43% from listing but up 3% in the last month. The company reported a 21% rise in Q2 net profit to Rs 546 crore. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/bajaj-housing-shares-drop-6-as-12-million-shares-hit-market-after-3-month-anchor-lock-in-ends/articleshow/116237014.cms |
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Traders aren’t taking Trump’s tariff threats seriously. This Wall Street bank says they should.Paris-based BNP Paribas expects a “permanent shock” to U.S. consumer prices from Trump 2.0 tariffs. Read more at: https://www.marketwatch.com/story/traders-arent-taking-trumps-tariff-threats-seriously-this-wall-street-bank-says-they-should-43fdd585?mod=mw_rss_topstories |
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10-year Treasury yield ends at nearly 3-week high after hotter-than-expected producer pricesYields on one- through 30-year U.S. government debt finished higher on Thursday after the overall producer-price index for November came in above expectations, raising questions about whether inflation might have more room to run in the new year. Read more at: https://www.marketwatch.com/story/treasury-yields-continue-to-back-up-on-last-mile-fears-around-inflation-4c76aa4f?mod=mw_rss_topstories |
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Oil prices end lower as IEA sees global market ‘comfortably supplied’ next yearOil prices ended a bit lower on Thursday, putting an end to a three-session streak of gains, after the International Energy Agency lowered its global oil-demand growth estimate for this year and said the market looks “comfortably supplied” for 2025. Read more at: https://www.marketwatch.com/story/oil-prices-climb-as-supply-concerns-remain-front-and-center-46205ecf?mod=mw_rss_topstories |
