Oil stockpiles rising in the US
| Part of  Network | |
 Presented by  |
US Markets U.S. stock futures rose slightly overnight after some companies posted strong earnings and future guidance after the closing bell. - Salesforce surged 16% overnight and Okta gained nearly 15%.
- Silvergate Capital lost over 30% after the crypto bank delayed its annual report.
- The current 10 Year U.S. Treasury yield is set at 4.01420%. On Wednesday the 10 Year U.S. Treasury yield topped 4% for the first time since November 2022.
| Dow Jones | 32,661.84 | 0.02% | | S&P 500 | 3,951.39 | -0.47% | | Nasdaq | 11,379.48 | -0.66% | | Russell 2000 | 1,898.43 | 0.08% | *Stock Market data as of the last closing bell. Data received directly from the reference indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
| |
 A message from ROLLWORKS We want it all, and we want it now—Leads that is! With pressure on the rise to prove value AND generate results fast, marketers can no longer rely on just quantity. While the goal remains to maximize the volume of leads, the bigger focus now is on the quality of leads (your best-fit accounts!) Quality leads are best-fit accounts for your business that are ready to buy based on high fit scores, levels of intent, spikes in engagement, data, and more! Trust us, we know this shift in focus can make it hard to get leadership on board (let alone your marketing team), so we’ve created this guide to help cover the balancing act of moving from quantity to quality in 4 easy steps! Get the guide
| |
Canadian Markets The Canadian Association of Petroleum Producers has released new projections for oil and natural gas investment in 2023. - The group predicts that the industry will see $40B in investment this year, which would represent a return to pre-pandemic levels.
- The projection is an 11% increase from 2022's investment levels.
- Fossil fuel companies plan to invest $28.5B in conventional oil and natural gas resources and $11.5B in oilsands.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
| |
European Markets European markets fell on Wednesday as data showed that price increases continue unabated. - The Stoxx 600 closed down 0.7% despite climbing early in the day.
- Mining stocks led markets with a 2.2% increase, while utility stocks were the worst-performing, falling 2.6%.
- Data shows that prices rose above expectations in France and Spain while Germany's statistics agency estimated that the annual inflation rate reached 8.7% in February, unchanged from a month earlier.
- Manufacturing in France declined in February but rose in both Italy and Spain.
| Euro STOXX 50 | 4,215.75 | -0.53% | | UK (FTSE 100) | 7,914.93 | 0.49% | | Germany (DAX) | 15,305.02 | -0.39% | | France (CAC 40) | 7,234.25 | -0.46% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
| |
Asian Markets Asian markets are mixed on Thursday as investors reacted to the 10-year U.S. treasury yield rising over 4%. - Amazon said that Amazon Web Services will invest $6B in Malaysia by 2037.
- Shares of Nio lost more than 12% on Thursday in Hong Kong after the Chinese EV maker reported a loss in Q4. Nio's U.S.-listed shares fell by 6% on Wednesday.
- Manufacturing in South Korea decreased in January for the eighth consecutive month.
| S&P Asia 50 | 4,664.35 | 3.04% | | Japan (Nikkei 225) | 27,500.87 | -0.06% | | South Korea (KOSPI) | 2,438.50 | 1.06% | | China (Hang Seng) | 20,536.53 | -0.40% | | India (SENSEX) | 59,093.80 | -0.53% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
| |
Commodities Oil prices rose on Wednesday as data showed that supply is likely to increase. - U.S. crude inventories increased by 1.2 million barrels last week. The U.S. now has a stockpile of 480.2 million barrels of crude, the highest amount since May 2021.
- Brent crude gained 1% on Wednesday and U.S. West Texas Intermediate (WTI) rose 0.8%.
- U.S. crude exports are rising thanks in part to lower WTI prices versus Brent crude.
| Oil (NYSEARCA:OIL) | 29.60 | 1.58% | | Gold (NYSEARCA:GLD) | 170.76 | 0.58% | | Silver (NYSEARCA:SLV) | 19.29 | 0.36% | | Corn (NYSEARCA:CORN) | 25.19 | 0.52% | | Lumber (NASDAQ:WOOD) | 74.37 | 0.96% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
| |
Currency Exchange Rates The U.S. Dollar lost ground on Wednesday but performed well against other major currencies, which also fell on the day. - The British Pound was down after the governor of the Bank of England suggested that the bank may have reached the end of its rate-rising cycle.
- The U.S. Dollar Index was down 0.43% on Wednesday.
- The Australian Dollar, New Zealand Dollar, and Chinese Yuan all rose against the U.S. Dollar.
| UK(GBP) | £0.83 | 0.47% | | Europe (EURO) | €0.94 | -0.37% | | Canada (Canadian Dollar) | $1.36 | 0.25% | | Japan (Yen) | ¥136.45 | 0.09% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
| |
Cryptocurrency Bitcoin is hovering around the $23,500 price point amid a lack of movement in the cryptocurrency market. - Australia is working with industry partners, including Mastercard, to explore potential applications of a central bank digital currency.
- Tron Founder Justin Sun claims that China could be more welcoming to cryptocurrencies as overregulation in the U.S. is pushing entrepreneurs overseas, and Hong Kong is developing a new digital asset licensing system.
- Ethereum has deployed ERC-4337.
| Bitcoin | $23,522.40 | 0.10% | | Ethereum | $1,649.88 | 2.77% | | Litecoin | $97.20 | 3.62% | | Bitcoin Cash | $133.18 | -1.37% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
| |
 |  | | |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Find out here how to Shrink Time to Revenue in 4 Steps. | |
| 767 Bryant St. #203, San Francisco, CA 94107
Copyright © 2023 Inside.com | |
| |
