EconomyWeb | Global Economic Outlook
MARKETS • Stocks
U.S. Stocks Choppy After Tech Selloff
February 26, 2021
The S&P 500 is on track for its worst week in a month after bond yields rose sharply, damping appetite for technology shares and riskier assets.
World Stock Markets

Stock Market Data by Investing
The DOW JONES Index - Top 30 Blue Chip U.S. Companies
The EURO STOXX Index - Top 50 Blue Chip European Companies
Stock Market Charts by CNBC
Stock Market
US government bonds steady after heaviest sell-off since March turmoil
February 26, 2021
European stocks under pressure after Treasury rout hits Wall Street equities
Rising interest rates cool sizzling rally in emerging markets
February 26, 2021
Analysts remain upbeat even as higher borrowing costs revive ‘taper tantrum’ memories
Are US stocks too pricey for UK investors?
February 26, 2021
With a market of 6,000 listed companies, look beyond the mega-caps for better value and growth prospects
Retail traders’ hold on China’s stock market slips as institutions rise
February 26, 2021
Increasing influence of professional investors comes as fee-free trading booms in US
Stock Insights
MTS Systems Corporation: Great Upside as the Global Economy Picks Up
February 26, 2021
MTS Systems Stock Much Cheaper than Technology Peer Group If you scan through valuations of technology companies, you'll seldom find stocks that trade near their book values. Of course, some of these stocks may deserve their low valuations, but there are contrarian. The post MTS Systems Corporation: Great Upside as the Global Economy Picks Up appeared first on Profit Confidential.
MaxLinear, Inc.: 5G Semiconductor Stock Bucks the Sell-Off; Up 10% in 2021
February 26, 2021
MaxLinear Stock Up 445% Since March; More Gains Ahead? MaxLinear, Inc. (NYSE:MXL) investors are probably scratching their heads, wondering why everyone is talking about a massive sell-off in tech stocks. From February 16 to 22, the S&P 500 lost 3.8% of. The post MaxLinear, Inc.: 5G Semiconductor Stock Bucks the Sell-Off; Up 10% in 2021 appeared first on Profit Confidential.
Mind Medicine (MindMed) Inc Looks Bullish on Growing Acceptance of Psychedelics
February 25, 2021
Mind Medicine Stock Up 937% Since March 2020 But Just Getting Started Mind Medicine (MindMed) Inc (NEO:MMED, OTCMKTS:MMEDF) is one of the best psychedelic stocks out there. I last wrote about Mind Medicine back in early 2020, just before the company went public. At the time, I noted that, because of promising research. The post Mind Medicine (MindMed) Inc Looks Bullish on Growing Acceptance of Psychedelics appeared first on Profit Confidential.
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MARKETS • Currencies
Dollar strengthens as U.S. yields spike
February 26, 2021
The U.S. dollar rose against most major currencies on Friday, lifted by an increase in U.S. bond yields overnight, while the pound dropped to its lowest in over a week.
World Currency Markets

Currency Market Data by Investing
Euro/US Dollar - FX Spot Rate
US Dollar/Japanese Yen - FX Spot Rate
Currency Market Charts by CNBC
Currency Market
XE Market Analysis: North America - Feb 26, 2021
February 26, 2021
The dollar and yen rallied as a risk-off theme coursed through global markets, with equity markets, commodities, including base metals and oil, all tumbling. The sharp spike in U.S. and most other sovereign yields this week and the associated concerns about inflation have driven the correction in risk assets and currencies.
XE Market Analysis: Europe - Feb 26, 2021
February 26, 2021
The dollar and yen rallied as a risk-off theme coursed through global markets, with equity markets, commodities, including base metals and oil, all tumbling. The sharp spike in U.S. and most other sovereign yields this week and the associated concerns about inflation have driven the correction in risk assets and currencies.
XE Market Analysis: Asia - Feb 25, 2021
February 25, 2021
The DXY printed fresh seven-week lows of 89.68 in N.Y. morning trade on Thursday, despite better U.S. data, which included lower than expected jobless claims, an in-line Q4 GDP revision, and a surge in durable orders. The data had little impact on the Dollar, as focus remained on inflation, with higher Treasury yields being read as more a function of inflation fears, than growth expectations. Higher inflation without accompanying monetary tightening, as the Fed remains in lower for longer mode, likely weighed down the USD.
US Dollar Index

US Dollar Currency Index
US Dollar Index Chart by CNBC
Currency Insights
Gold Price (XAU/USD) Outlook - Treading on Thin Ice as US Treasury Yields Heat Up
February 26, 2021
US Treasury yields are driving price action in a wide range of asset classes, including gold, as investors fret that inflation is on the rise.
South African Rand Outlook: USD/ZAR Slips as U.S. Yields Rally
February 26, 2021
U.S. treasury yield spike causes bull rally on USD/ZAR. Pullback in motion as key levels begin to normalize.
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MARKETS • Commodities
Ahmed Zaki Yamani, Saudi oil minister, 1930-2021
February 26, 2021
Orchestrator of Opec oil embargoes who survived being kidnapped by Carlos the Jackal
World Commodity Markets

Commodity Market Data by Investing
Brent Crude - Global Benchmark Oil Price
Gold - The London Gold Fixing
Commodity Market Charts by CNBC
Commodity Market
Ahmed Zaki Yamani, Saudi oil minister, 1930-2021
February 26, 2021
Orchestrator of Opec oil embargoes who survived being kidnapped by Carlos the Jackal
Nigerian armed militants kidnap 317 schoolgirls
February 26, 2021
Rescue operation launched as rise in banditry undermines President Muhammadu Buhari’s national security credentials
Enron corner-cutting spirit lives on in Texas
February 26, 2021
The history of the state’s energy business is one of vast fortunes won and lost
Natural gas suppliers face criticism over Texas power crisis
February 25, 2021
Electricity generators point fingers at gas delivery network for last week’s outages

Crude Oil

Crude Oil WTI - West Texas Intermediate Crude Oil Price
Crude Oil Chart by CNNMoney
Commodity Insights
Crude Oil Rally Continues Despite Surprising Increase in US Inventory
February 25, 2021
After breaking above US$ 60/bbl, both crude oil benchmarks strengthened further despite surprising stockbuild in the US. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -13.81 mmb to 1284.77 mmb in the week ended February 19. Crude oil inventory added +1.29 mmb […] The post Crude Oil Rally Continues Despite Surprising Increase in US Inventory appeared first on Action Forex.
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MARKETS • Bonds
Bank of England official warns inflationary 'tiger' has awoken, sending bond yields higher
February 26, 2021
Bank of England Chief Economist Andy Haldane warned that inflation may become difficult to tame, prompting more assertive policy action.
World Interest Rates

Bond Market Data by Investing
U.S. 10 Year Bond Yield - U.S. Treasury Bond
Germany 10 Year Bond Yield - German Government Bond
Bond Market Charts by CNBC
Bond Report
Yield Shield Peeled
February 26, 2021
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MARKETS • Outlook
Renewed GameStop mania could lead to even higher losses for novice investors: Gasparino
February 25, 2021
Renewed GameStop mania could lead to even higher losses for novice investors: Gasparino

Charlie Gasparino on renewed GameStop stock interest 

Reddit’s WallStreetBets founder: Would’ve never imagined GameStop stock frenzy could happen
February 25, 2021
Reddit’s WallStreetBets founder: Would’ve never imagined GameStop stock frenzy could happen

Jaime Rogozinski on founding Reddit’s WallStreetBets

Charles Payne: GameStop trade just the beginning of individual investing
February 25, 2021
Charles Payne: GameStop trade just the beginning of individual investing

Keith Fitz-Gerald, Courtney Dominguez discuss future market movement. 

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MARKETS • Comment
Renewed Selling Pressure Likely For Malaysia Bourse
February 25, 2021
The Malaysia stock market on Thursday halted the three-day slide in which it had retreated more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now rests just above the 1,580-point plateau although it's expected to head south again on Friday.
TSX Ends Sharply Lower
February 25, 2021
The Canadian stock market ended sharply lower on Thursday, led by losses in healthcare, energy, materials and technology shares. Several stocks from the financial sector too ended weak.
South Korea Shares Predicted To Open Under Pressure
February 25, 2021
The South Korea stock market on Thursday ended the three-day losing streak in which it had tumbled almost 115 points or 3.8 percent. The KOSPI now rests just beneath the 3,100-point plateau although it's expected to turn lower again on Friday.
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BUSINESS • Today
Amanda Staveley loses High Court fight with Barclays over damages
February 26, 2021
A businesswoman who sued Barclays for hundreds of millions loses court case, but judge accuses bank of "deceit".
Business News

Financial News
Stock Futures Point to Further Losses After Tech Selloff
February 26, 2021
The S&P 500 is on track for its worst week in a month after bond yields rose sharply, damping appetite for technology shares and riskier assets.
DoorDash, Etsy, GameStop: What to Watch When the Stock Market Opens Today
February 26, 2021
The yield on 10-year Treasurys ticked down after hitting its highest level in a year.
Airbnb Can Settle Into a Post-Pandemic Market
February 26, 2021
Against all odds, Airbnb might be a relatively safe place to rest both your family and your money in 2021.
As Yields Rise, Beware the Hidden Risks in Ultralong Bonds
February 26, 2021
Rising bond yields pose an outsize threat to one asset class in particular: ultra-long-dated debt.
More Than 100 Girls Kidnapped in Latest Nigerian School Abduction
February 26, 2021
Gunmen kidnapped more than 100 girls from a boarding school in northwest Nigeria, a government official said, the latest in a rising tide of high school abductions across Africa’s most populous nation, where kidnapping for ransom has become a lucrative industry.
J&J Single-Dose Vaccine Gets Review From FDA Advisory Panel
February 26, 2021
The all-day meeting, which will provide the U.S. Food and Drug Administration with the perspective of outside experts, is the last step before the agency decides whether to authorize the single-dose vaccine.
UPS Boss Preaches the Power of No
February 26, 2021
Carol Tomé has been shifting the delivery giant’s focus to the bottom line, weeding out less-profitable customers in a high-speed overhaul
In Hunt for Covid-19 Origin, Patient Zero Points to Second Wuhan Market
February 26, 2021
WHO Investigators are seeking information about a second food market in the Chinese city after the first officially confirmed Covid-19 case, dubbed patient zero, told them his parents had shopped there.
Covid-19 Vaccine 'Passports' Raise Ethics Concerns, Logistical Hurdles
February 26, 2021
The U.K. is weighing whether Britons will need proof of vaccination or a negative Covid-19 test to visit bars and return to the office, and Israel is issuing vaccination ‘passports’ for going to hotels and gyms.
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BUSINESS • World
Who is the winner in Facebook v Australia news battle? RT’s Boom Bust finds out
February 26, 2021
Preview Australian lawmakers finally passed a hotly-debated law that forces tech giants to pay publishers for their content, potentially setting the stage for similar legal action in other countries.
Read Full Article at RT.com
Natural gas production plunged 45% during the Texas freeze
February 26, 2021
Preview Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates from IHS Markit.
Read Full Article at RT.com
Covid-19 pandemic pushed French economy into worst recession since World War II – report
February 26, 2021
Preview Coronavirus-related economic and social restrictions led to a “historic” drop of 8.2 percent in French GDP in 2020, data by the National Institute of Statistics and Economic Studies (INSEE) shows.
Read Full Article at RT.com
Company News
International Business
Mr. Potato Head Brand Goes Gender Neutral (Sort Of)
February 26, 2021
Hasbro is dropping the Mr. from the logo and overall brand to “promote gender equality and inclusion,” but clarified that Mr. and Mrs. Potato Head will still be available.
Netflix Productions Are More Diverse Than Studio Films, Study Shows
February 26, 2021
The study, which the streaming giant commissioned, looked at films and TV series from 2018 and 2019.
For Travel, a Sustainable Comeback?
February 26, 2021
From a newly certified Whale Heritage Site to scenic byways for electric cars, five new initiatives suggest the travel industry may be envisioning a more responsible future.
What Kind of Plane Am I Flying On?
February 26, 2021
After engine debris from a Boeing 777-200 rained down on a Denver suburb, some fliers may want to know more about plane safety and maintenance. Here are some answers.
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BUSINESS • Analysis
5 things to know before key FDA panel votes on J&J's single-shot Covid vaccine today
February 26, 2021
A key FDA panel is to vote on whether to recommend J&J's Covid vaccine for emergency use, which would help pave the way for a third vaccine in the U.S.
More travel hotspots are opening to people who work from home
February 26, 2021
First it was Barbados and Estonia, now it’s the Bahamas, Croatia, Dubai and Madeira. See the newest places where digital nomads can live and work abroad.
Nikola admits ousted chairman misled investors as legal costs mount
February 26, 2021
The fees are part of an increased legal expenses of $27.5 million primarily related to regulatory/legal matters in connection to fraud claims by a short-seller.
Beyond Meat strikes deals with McDonald's, Yum but shares fall on wider quarterly loss
February 25, 2021
Beyond Meat has struck deals with fast-food giants McDonald's and Yum Brands.

Business Trends
Telegram update adds auto-delete option to all messages, expiring invites, and more
February 26, 2021
Illustration by Alex Castro / The Verge

Telegram is updating its messaging app with options for auto-deleting messages, expiring invite links, and new unlimited groups, the company shared in a blog post. Much like Signal, Telegram received a burst of new users in the confusion over WhatsApp’s privacy policy and now the company is adopting features that were already part of its competitors’ apps, features which offer more security and privacy.

Auto-deleting messages were already possible in Telegram’s encrypted Secret Chats, but this new update for iOS and Android adds the option to make messages disappear in any kind of chat. Auto-delete can be enabled inside of chats, and set to delete either 24 hours or seven days after messages are sent. Auto-delete won’t remove every...

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AT&T spins out DirecTV as a $16B company, a quarter of what it paid in 2015
February 25, 2021
Illustration by Alex Castro / The Verge

AT&T today announced plans to spin out its various video businesses — DirecTV, AT&T TV, and U-Verse — into a new company that it will jointly control with TPG Capital. The deal sees AT&T holding on to a 70 percent stake in the company, with TPG getting the other 30. “The transaction to separate AT&T’s US video business into New DirecTV implies an enterprise value for the new company of $16.25 billion.”

AT&T paid a total of $67 billion to buy DirecTV: it landed the satellite provider for $48.5 billion in 2014, and the rest was debt that AT&T took on. With this “premium new video entity” valued at less than a quarter of that, you can see how just how badly the original mega-acquisition has fared. “We certainly didn’t expect this outcome...

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BUSINESS • Report
Should Lenders Be Able To Avoid Controversial Corporations?
February 26, 2021
Is it really unfair for banks to choose not to work with controversial sectors?
How To Level The Financial Playing Field For Women- And Minority-Owned Businesses
February 26, 2021
The financial system continues to fall short in creating growth opportunities for women- and minority-owned businesses, but there is hope.


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