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Forexlive Americas FX news wrap: Stocks put together back to back gains despite shaky time

Posted: 25 Feb 2022 02:53 PM PST

US stocks put together back-to-back up days to end week. S&P and Nasdaq close week higher Gold trades lower on the week Crude oil settles the week at $91.59 and that is lower on the week Dallas Fed trimmed mean PCE inflation 3.5% vs 3.1% prior Baker Hughes oil rig count up 2 to

US stocks put together back-to-back up days to end week. S&P and Nasdaq close week higher

Posted: 25 Feb 2022 01:11 PM PST

The major indices have put together back-to-back up days with the Dow leading the way and having it's best day in 2022. The gains come despite risk of more unrest in Ukraine as Russia surrounds the capital city of Kyiv.The final numbers are showing:Dow industrial average closed up 834.92 points or 2

Dallas Fed trimmed mean PCE inflation 3.5% vs 3.1% prior

Posted: 25 Feb 2022 10:32 AM PST

12-month PCE inflation 3.1% vs 3.5% prior Six month annualized inflation 4.6% vs 3.9% prior One month annualized inflation 6.7% vs 4.6% prior These numbers all show an acceleration in core inflation and that's the kind of thing that will kick the

Baker Hughes oil rig count up 2 to 522 in the current week

Posted: 25 Feb 2022 10:06 AM PST

The Baker Hughes rig count for the week shows:Oil rigs up 2 to 522 from 520Gas rigs up 3 to 127 from 124Total rigs up 5 to 650 from 645 last week.  The last three weeks have seen gains of 19, 10 and now 5
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