Eurozone Poised For Double-Dip Recession

Most corporations have already created excess reserves, which could be unleashed when businesses reopen, especially as they will have the funds to rehire workers.

Risk Appetite Swings Again

Gold dropped over 1% yesterday as it fell once again below the $1840 handle.

The sell-off was in part to a multitude of factors, with the front runner being renewed optimism over a massive US fiscal stimulus and hopes for a stronger global economic recovery.

Oil Jumps to Yearly High

WTI had a day to remember on Tuesday closing almost 3% higher, as prices rallied to their highest levels in over a year.

A bullish API inventory report showed that crude oil stocks saw a surprise drawdown of 4.3M barrels.

Looking ahead, OPEC+ will meet today. Supply cuts will be the topic of discussion and may offer a possible further lift for the black gold.

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