US futures fluctuate following tech bounce; eyes on the ECB

Global stock

By Hussein Sayed After entering correction territory on Tuesday with an 11% decline from the highs, the c 100 rebounded strongly on Wednesday rising 3% and led by the most beaten-up stocks, with Zoom Video Communications and Tesla up 11% on the day. While a drop of this size from the peak sounds like a steep correction, it remains a minor one given the index had rallied 83% from the March lows in a mere five months. With a price to earnings ratio of 36, valuations for the index are…

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Expected increased output overshadows OPEC+ weekend pact

Oil rally may brighten Nigeria’s outlook

 BusinessMetricsNG with wire report weakens Crude-oil futures Crude-oil futures turned lower Monday as investors focused on the prospect of increased output from some countries. This is coming even after Organisation of Petroleum Exporting Countries (OPEC) and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July. Overall compliance to the production-cut deal, which was a sticking point headed into the gathering, has been a consistent worry, experts said. A fear of a ramp-up in output from North…

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