Monday, March 27, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home OPEC

Lower COVID-19 Numbers, Easing Lockdown Measures and OPEC Support Riskier Assets

10 months ago
in OPEC
Lower COVID-19 Numbers, Easing Lockdown Measures and OPEC Support Riskier Assets
Share on FacebookShare on Twitter


Earlier in the Day:

It was a relatively quiet start to the week on the economic calendar this morning. The Japanese Yen was in action in the early part of the day.

Away from the calendar, concerns over rising tensions between the U.S and China will continue to test risk appetite.

On the positive, however, was a continued downward trend in new coronavirus cases. The downward trend and easing of lockdown measures will give hope of a speedier economic recovery.

Looking at the latest coronavirus numbers,

On Sunday, the number of new coronavirus cases rose by 75,594 to 4,797,827. On Saturday, the number of new cases had risen by 104,393. The daily increase was lower than Saturday’s rise and 78,198 new cases on the previous Sunday.

France, Germany, Italy, and Spain reported 2,500 new cases on Sunday, which was down from 3,490 new cases on Saturday. On the previous Sunday, 3,549 new cases had been reported.

From the U.S, the total number of cases rose by 18,838 to 1,526,611 on Sunday. On Saturday, the total number of cases had risen by 25,939. On Sunday, 10th May, a total of 20,329 new cases had been reported.

For the Japanese Yen

1st quarter GDP numbers were in focus in the early part of the day, which came in better than forecasted.

Quarter-on-quarter, the economy contracted by 0.9%, improving on a 1.8% contraction in the 4th quarter. Year-on-year, the economy contracted by 3.4%, which was better than a 7.1% contraction in the 4th quarter.

Economists had forecasted a quarter-on-quarter contraction of 0.9% and a year-on-year contraction of 4.6%.

The Japanese Yen moved from ¥107.182 to ¥107.229 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.17% to ¥107.24 against the U.S Dollar.

Elsewhere

At the time of writing, the Kiwi Dollar was down by 0.02% to $0.5934, while the Aussie Dollar was up by 0.19% to $0.6425.



news.google.com

Latest Oil News

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
Tags: AssetsCOVID19EasingLockdownMeasuresNumbersOPECRiskierSupport
Previous Post

The complicated legacy of Rush Limbaugh – Orange County Register

Next Post

US Domestic News Roundup: Biden visits Pittsburgh bridge collapse, vows more U.S.

Related Posts

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

by Oil Market News
February 1, 2023
0

US stocks went on a Fed rollercoaster ride; weakening after the statement suggested the Fed will stick to their rate...

‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

by Oil Market News
January 31, 2023
0

OPEC chief talks about output cuts, price volatility, and Russia’s war in Ukraine and its effect on oil prices.Ministers from...

OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

by Oil Market News
January 30, 2023
0

While all eyes are temporarily on the Federal Reserve’s rate hike plans and a virtual meeting of OPEC+ ministers–both on...

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

by Oil Market News
January 29, 2023
0

There will be no shortage of potential market moving events this week!  After the Bank of Canada hiked rates by...

Top 20 Oil Exporting Countries in 2023

Top 20 Oil Exporting Countries in 2023

by Oil Market News
January 28, 2023
0

In this article, we take a look at the top 20 oil exporting countries in 2023. If you want to...

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

by Oil Market News
January 27, 2023
0

OPEC to Stay the Course on Oil Production Agreement; China's Reopening Bullish for Commodities, RBC Capital Markets Says Marketscreener.comOil Gains...

Next Post
US Domestic News Roundup: Biden visits Pittsburgh bridge collapse, vows more U.S.

US Domestic News Roundup: Biden visits Pittsburgh bridge collapse, vows more U.S.

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Permian Pickup Truck Pilot Allows Oil, Gas Players to Kick Tires with Fleet

Permian Pickup Truck Pilot Allows Oil, Gas Players to Kick Tires with Fleet

6 months ago
U.S. shale on track for $200 billion year, could erase its debt by 2024

U.S. shale on track for $200 billion year, could erase its debt by 2024

7 months ago
An Investor’s Look at World Economic News

An Investor’s Look at World Economic News

5 months ago
Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

2 months ago
Can the EU agree a plan to ease energy crisis?

Can the EU agree a plan to ease energy crisis?

7 months ago
ADVERTISEMENT
Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023

UK government expected to offer energy companies windfall tax relief

March 24, 2023

Fears of an energy price surge percolate through sector

March 23, 2023

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

March 22, 2023

Global commodity traders open to increasing Russian oil volumes

March 21, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023
Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023
UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

March 24, 2023
Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

March 23, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.