Time to roll the dice.
Crude oil prices pushed higher again on Friday to hit their highest level since late February, as signs of a tightening spot market and faith in a strong recovery later in the year more than outweighed a disappointingly weak employment report that suggested U.S. demand may continue to struggle in the near term.
U.S. stock markets opened at fresh record highs again on Friday, set to round off a remarkable week on a high note despite the drama in Washington DC and the weakest labor market report in eight months.
The U.S. labor market suffered its first net loss of jobs in eight months in December, as the surge in Covid-19 cases hit service sectors of the economy hard in the runup to the Christmas holiday.
Donald Trump disavows his supporters’ violence as Democrats call for his immediate removal from power. Nonfarm payrolls are set for their worst number since May, Hyundai gets ahead of itself in announcing talks with Apple over car manufacturing, and (Bitcoin) hits $40k, less than a month after hitting $20k. Here’s what you need to know in financial markets on Friday, January 8th.