OPEC+ meets today to determine the upcoming Oil market supply after several months of reduced production. Oil prices surged on high demand and a record drop in the U.S. fuel supply.
All three major U.S. indices recorded losses yesterday after the DOW and the Nasdaq had their best trading days since November on Monday.
Johnson & Johnson has begun distributing almost 4 million freshly approved corona vaccines set for the U.S. and supply is expected to increase in the next few months.
The Chinese manufacturing PMI hit 50.6, its lowest level of expansion since May 2020 as COVID-19 disrupted factory activity. The Lunar New Year break potentially contributed to the decline, as well as increasing raw material costs.
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