Missing Wellington teenager found ‘safe and well’

A teenager who went missing from his Wellington home this afternoon has been found safe and well.

Sky, aged 14, was located around four hours after he went missing from his Southgate home.

Police asked for public sightings as they were concerned for his wellbeing.

But the teenager has been found “safe and well”, police said this evening.

“We’d like to thank the public for their assistance.”

Pre-market Movers: PIXY, NEW, CEMI, SYTA, AUVI…

The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 07.10 A.M. ET).

In the Green

ShiftPixy, Inc. (PIXY) is up over 63% at $1.83
Puxin Limited (NEW) is up over 23% at $0.37
Siyata Mobile Inc. (SYTA) is up over 18% at $3.49
Pop Culture Group Co., Ltd (CPOP) is up over 18% at $2.73
Flotek Industries, Inc. (FTK) is up over 17% at $0.93
E-Home Household Service Holdings Limited (EJH) is up over 9% at $1.56
Tuniu Corporation (TOUR) is up over 8% at $0.99
Moxian (BVI) Inc (MOXC) is up over 7% at $3.72
Petros Pharmaceuticals, Inc. (PTPI) is up over 5% at $4.12

In the Red

Chembio Diagnostics, Inc. (CEMI) is down over 19% at $1.25
Applied UV, Inc. (AUVI) is down over 18% at $2.91
Powerbridge Technologies Co., Ltd. (PBTS) is down over 10% at $0.62
Genfit SA (GNFT) is down over 5% at $4.80

European Economics Preview: Germany Unemployment Data Due

Unemployment and retail sales from Germany and mortgage approvals from the UK are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis releases Germany’s retail sales and labor force survey data. Sales are forecast to fall 0.5 percent on month in November, following a 0.3 percent drop in October.

Half an hour later, Swiss consumer price figures are due. Inflation is expected to rise to 1.6 percent in December from 1.5 percent in November.

At 2.45 am ET, France’s statistical office Insee is scheduled to issue flash consumer and harmonized consumer price figures for December. Consumer price inflation is seen unchanged at 2.8 percent.

At 3.55 am ET, Germany’s unemployment data is due from the Federal Labor Agency. The number of unemployed is expected to fall 15,000 in December compared to a decline of 34,000 in November.

At 4.30 am ET, UK Markit/CIPS final factory PMI is due. The final PMI reading is seen at 57.6 in December, in line with flash estimate, down from 58.1 in November.

In the meantime, the Bank of England releases mortgage approvals for November. Economists forecast the mortgage approvals to fall to 65,400 from 67,199 in October.

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Oil Holds Steady Ahead Of EIA Inventory Data

Oil prices held steady on Wednesday amid mixed catalysts. A report from the American Petroleum Institute (API) revealed a large draw in U.S. inventory levels.

On the other hand, Covid-19 infections are spiking around the world, raising concerns of declining demand.

Benchmark Brent crude futures were virtually unchanged at $80.01 a barrel while U.S. West Texas Intermediate (WTI) crude futures were marginally lower at $76.92.

The API weekly inventory report showed that crude oil stocks fell 6.432 million in the latest week.

U.S. gasoline stockpiles rose by 7.1 million barrels in the week to Dec. 31 while distillate stockpiles climbed by 4.4 million barrels.

Crude oil supply data from the U.S. Energy Information Administration will be out later in the day.

New cases of Covid-19 are spreading faster around the world, but a decision by OPEC+ to stick to a planned hike in production next month has given confidence to oil markets about the impact of Omicron variant on fuel demand.

OPEC and its allies decided on Tuesday to stick to their plan to raise monthly crude production by 400,000 barrels per day in February after several studies showed the new Omicron variant causes milder symptoms. The group’s next meeting will take place on February 2nd.

Gold Edges Higher In Range-bound Trade

Gold prices were slightly higher in range-bound trade on Wednesday and the dollar held below two-week highs as traders await the latest Fed minutes due later in the day for more clues about the timing of the first rate hike and the tapering of its pandemic-induced stimulus.

Money markets are currently pricing in a high probability of a Fed rate increase in May, followed by two more by the end of the year. Higher interest rates increase the opportunity cost of holding gold.

Spot gold edged up 0.2 percent to $1,818.45 per ounce, while U.S. gold futures were up 0.2 percent at $1,818.95.

Gold is seeing some safe-haven demand amid the rising number of Covid-19 cases across the world and weakness in the U.S. dollar.

Benchmark 10-year Treasury yields were also slightly lower after rising to their highest level in more than a month in the previous session.

In economic releases, U.S. ADP private payrolls data for December is scheduled for release at 8:15 am ET while the Fed minutes from the December 14-15 meeting are set for release at 2:00 pm ET.

Elsewhere in Europe, the euro zone services PMI was finalized at 53.1 in December, down from November’s 55.9.

The Composite PMI was finalized at 53.3, down from November’s 55.4, signaling the softest expansion in combined manufacturing and services output since March.