Market sentiment was lifted as US economic data exceeded expectations. Wall Street climbed higher with the DJIA and the S&P 500 indices gaining +1.12% and +1.19% respectively. The US dollar slipped on equities’ strength. Commodities also rose on better sentiment. The front-month contract for WTI crude oil gained +0.52% while that for Brent added +0.23%.
Author: CathariNeilsen
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Xi Says China Needs Energy ‘Revolution’
Chinese President Xi Jinping said June 14 that his government is drawing up new criteria for reforming energy consumption and production and will move faster to modernize its outdated energy regulations.“To ensure national energy security, China needs to take steps to rein in irrational energy use and control the country’s energy consumption by fully implementing energy-saving policies,” Xi told a meeting of the government’s Office of the Central Leading Group on Financial and Economic Affairs.Because of its prodigious coal… Read more…
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Xi Says China Needs Energy ‘Revolution’