A look at Tuesday morning’s market action
of 28 financial-market participants – economists and strategists at banks, pension funds and asset-management firms – was conducted in the last two weeks of December. The publication of the survey results is part of a broader effort by the central bank to increase transparency.On the corporate side, Canadian investors will get results from theatre chain Cineplex Inc. ahead of the start of trading.Overseas, the pan-European STOXX 600 was up 0.32 per cent in morning trading.
The day range on Brent was US$81.19 to US$82.88 in the early premarket period. The range on West Texas Intermediate was US$74.35 to US$75.98. Mr. Moya also said in a note that OPEC’s secretary general offered an upbeat outlook with China’s reopening, but also expressed concerns that COVID still provides uncertainty to that market. Saudi Arabia, the world’s top oil exporter, raised prices for its crude for Asian buyers for the first time in six months.
Reuters reports that operations at Turkey’s 1 million barrel per day oil export terminal in Ceyhan were halted after the earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 6-8, the news agency said.Spot gold was up 0.4 per cent to US$1,875.36 per ounce by early Tuesday morning, after hitting its lowest level since Jan. 6 on Monday.
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