Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) rebounded over 5% higher last Friday to close the trading session above the 200-day simple moving average (SMA).
Market participants are eagerly awaiting for the March personal consumption expenditure (PCE) price index report from the Bureau of Economic Analysis on Friday (April 28), before the market opens.
Fatih Barol, executive director of the International Energy Association (IEA), is cautioning OPEC countries that efforts to raise oil prices could have a detrimental effect on global growth and risks accelerating the transition to renewable energy.
High-yield bonds issued by American and European corporations are considered attractive assets since they offer above-average yields at cheap prices, according to Oaktree Capital Management's most recent credit market outlook.
Amos Hochstein, the U.S. official responsible for energy diplomacy, said on Friday that the United States could begin to replenish its strategic oil supplies this autumn if oil prices are at the right level.
Bank of America analysts reiterated a markedly bearish stance on the fate of European equities, predicting a decline of at least 20% by the end of the year for the Euro Stoxx 600 index amid a deteriorating mac