1. Agreement on a new stimulus package for the US economy has not yet been reached
2. Stock indices traded in the Green Zone
3. Novak: it is still too early to discuss the prospects of the OPEC agreement
The United States continues inter-party negotiations on the formation of a new package of stimulus measures for the economy. The parties have made some progress in the negotiations, but a number of issues remain unresolved. As a result of the next round of negotiations, House Speaker Nancy Pelosi said she hoped to resolve all issues by Tuesday evening, but the agreement is still not ready. The parties agreed to continue the discussion.
The main world indices on Wednesday are trading in the green zone. Investors are responding positively to news from the United States that Democrats and Republicans have made great progress in negotiations to form a new stimulus package. The yield on 10-year US Treasury bonds reached a four-month high of 0.8330%.
Russian Energy Minister Alexander Novak said it was too early to discuss the prospects for an OPEC agreement to reduce oil production for 2021. There are still several months before the OPEC meeting and it is necessary to see how the situation in the market will develop.
News to pay attention today:
07:30 GMT. EU: ECB President Christine Lagarde's speech
12:30 GMT. Canada Retail Sales Report
14:30 GMT. U.S.: EIA Weekly Energy Inventory Report