Talk of the Week

Hey traders, we hope you had a great week! This week, these were some of the hot topics raised by FOLLOWME's users in line with the market sentiment, let’s see if you are on the same page:

#OPECmeetingupdates# - The Organisation of the Petroleum Exporting Countries and Allies (OPEC+) has decided to keep oil production steady throughout April. Saudi Arabia will also be extending its voluntary production cut of one million barrels per day into April. What do you think of the latest update from OPEC+?

#nonfarmpayrolls# - Being the first Friday of the month, the U.S. nonfarm payrolls will be released later today. After recording an increase of 49,000 in January, a poll by Reuters forecasts that today’s nonfarm payrolls will show an increase of 180,000. What are some of your thoughts?

#USStimulusPackage# - After making it through the U.S. House of Representatives, the $1.9 trillion stimulus package now has to pass the U.S. Senate. President Biden has recently conceded to narrow the eligibility criteria of the $1,400 stimulus cheques, making individuals earning more than $80,000 per year and households with income exceeding $160,000 per years ineligible for the cheques. The Democrats aim to deliver the bill to President Biden’s desk next week to be signed into law, as the unemployment benefits will expire on March 14. Do you think they can meet this timeline?

#CoronavirusVaccine# - The U.S. Food and Drug Administration (FDA) recently authorised the use of Johnson and Johnson’s single-dose Covid-19 vaccine in the U.S, making it the third vaccine to be authorised in America. Meanwhile, over in the European Union, the vaccine regulator, European Medicines Agency (EMA) has begun reviewing Sputnik V, the Covid-19 vaccine from Russia, following concerns of delay in vaccine rollouts. On March 4, the New York Times reported that over 274.1 million vaccine doses have been administered globally. Do you think that the vaccination progress is a strong enough catalyst to spur economic recovery, or are there still obstacles in the way, such as new Covid-19 variants?

Share your thoughts in the comment section!