Risk assets rose amid suggestions the Trump administration will take a more measured approach with tariffs. Oil got an additional boost after the US announced secondary tariffs on buyers of Venezuelan oil.
Energy royalty companies’ cash flows depend not just on realized selling prices from what’s pumped and/or mined from their lands. They’re also affected by the production decisions of the companies operating on their lands.
Support levels around 66.000 have been targets and produced outliers lower, but have also created reversals upwards which have tested 68.000 and above on occasion.
For the second week in a row, the Nasdaq 100 traded in a sideways pattern. Last week, it fell 2.5% but recovered from a 5.2% decline at one time. This week, the tech-heavy index inched up 0.25 percent to 19754. That gain follows four weekly drops.
U.S. markets rose after Fed holds rates steady and projects slower growth, higher inflation. Dow, S&P 500, Nasdaq post gains. Markets react to tariffs and inflation uncertainty.
US markets closed in red, Fed expected to hold rates steady, Trump and Putin agreed to limited Ukraine ceasefire. US data showed strong results. Most S&P 500 sectors down, energy & healthcare up. Asia markets mixed, Europe up. Commodities down, USD slightly up due to recession fears and tariffs.
Oil prices fell after Trump-Putin call discussed potential ceasefire in Ukraine. Energy stocks paused after recent rally, while natural gas stocks outperformed.
On Monday, U.S. markets closed higher after weeks of losses. Investors await Fed meeting, while economic data shows weaker retail sales and manufacturing.
Harold Hamm, oil magnate and founder of Continental Resources, issued a stark warning: if oil prices remain at current levels, drilling in key U.S. shale fields could come to a standstill.
On March 13, US markets closed lower, with the S&P 500 entering a correction as trade war fears overshadowed positive inflation data. Gold hit record high, while Dow and Nasdaq declined.
