US equity futures rose on Wednesday, rebounding from a modest dip the day before as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.
Another day, another attempt by China - where the reception of the digital yuan has been a total disaster so far much to Beijing's complete humiliation - to crash Crypto, with Reuters and Bloomberg reporting moments ago that just two days after the PBOC barred financial institutions from accepting bitcoin as payment, China's vice premier Liu He said (at 11pm on Friday local time) that China will crack down on bitcoin mining and trading activities, which of course is what we already knew.
Not long after we pointed out a report from the Daily Beast which traced the tensions in the marriage of Bill and Melinda Gates to Bill's relationship with convicted pedophile Jeffrey Epstein, the Wall Street Journal has followed up with more reporting that confirms that Melinda Gates started consulting divorce attorneys as far back as 2019, before the pandemic thrust her husband back into the global spotlight as the world's de facto vaccine czar.
With fears growing that the Colonial shutdown could last for much longer than initially expected, with some analysts warning that a 5-day shutdown could lead to sharply higher prices, and the Biden admin activating a state of emergency to make sure that critical gasoline supplies continue to flow up the eastern seaboard, moments ago Colonial Pipeline issued an update on its attempts to restore operations, saying that "segments of our pipeline are being brought back online in a stepwise fashion" and that the goal now is to "substantially" restore operational service by the end of the week.
On the heels of record highs in Iron Ore and Steel earlier this week, as commodity demand soars on the back of economies emerging from COVID lockdowns (demand) and various supply chain/operational issues (supply); copper prices surged to an all-time high this morning as Chinese investors unleashed fresh demand following a five-day holiday.