Krispy Kreme, June Jobs, Unemployment Rate: 3 Things to Watch By –

  • Date: 02-Jul-2021
  • Source:
  • Sector:Economy
  • Country:Gulf
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Krispy Kreme, June Jobs, Unemployment Rate: 3 Things to Watch By –

© Reuters

By Dhirendra Tripathi -- Energy shined Thursday, pushing the to a new intraday high after the OPEC+ oil cartel postponed its meeting for a day after struggling to reach consensus on supply.   

OPEC+, which includes members of the Organization of the Petroleum Exporting Countries plus allies led by Russia, delayed its meeting to Friday after the United Arab Emirates couldn’t go along with the reported preliminary deal for a 500,000 barrel per day hike struck Thursday by Saudi Arabia and Russia.

Oil prices remained near their highest level since October 2018 as the prospect of higher output should be balanced by an undersupplied market amid robust demand.  

Positive news about the labor market also held up cyclical stocks – those that move in tandem with the economy, ahead of the government’s report on jobs for June. Otherwise, Friday’s U.S. session is bound to be quiet as people prepare to head out for the three day holiday weekend.

Here are three things that could affect markets tomorrow. 

1. Donut watch

Krispy Kreme Inc (NASDAQ:), the donut chain, began trading in New York on Thursday and moved 19% higher after an initial hiccup on the Nasdaq.