Markets The European Central Bank has formally started its corporate sector purchase program, with the official buying list to be released on July 18. The criteria for the plan are as follows: Bonds have to be active, euro denominated, have … Continue reading
Markets Stocks across the globe are lit up green as a dovish tone from Janet Yellen cooled near-term U.S. rate hike bets and WTI came closer to $50 a barrel. At yesterday’s speech in Philadelphia, the Fed chief called the … Continue reading
Markets The stakes are high as Janet Yellen prepares to take the stage in Philadelphia this afternoon following a shock non-farm payrolls report on Friday that sent the dollar tumbling. Investors will be looking to see whether Yellen, who recently … Continue reading
Markets The final big chunk of data this week will come at 8:30 a.m. ET when May’s nonfarm payrolls are released by the Labor Department. U.S. job gains likely remained moderate at 158,000 due to a strike at Verizon (NYSE:VZ), … Continue reading
Markets OPEC is set for another showdown during today’s producer summit in Vienna, with reports of an output agreement being shot down by Iran as Saudi Arabia tries to revive coordinated action. Member countries failed to reach a consensus at … Continue reading
Markets Three fresh surveys of Chinese economic activity are reviving doubts about a sustainable recovery in the world’s second-largest economy. The nation’s May manufacturing PMI came in at 50.1, unchanged from April and barely above the neutral 50-mark. A similar … Continue reading
Markets Although “Sell in May” fell short this year with solid gains in the U.S., traders are already looking ahead to see what June will bring for stocks and the markets. They’ll get a head start this week with an … Continue reading
Markets Global stocks are on cruise control heading into a three-day weekend in the U.S. and with a key speech from Federal Reserve Chairwoman Janet Yellen on tap. The Fed chief is due to speak at Harvard University in her … Continue reading
Markets Recent supply disruptions coupled with growing demand from China and India continue to push oil prices higher, with Brent crude (NYSEARCA:BNO) pushing through $50 per barrel in London trade, and WTI crude (NYSEARCA:USO) just pennies shy of that level … Continue reading
Markets Crude futures are pushing closer to $50 a barrel, with U.S. oil hitting its highest in over seven months after API data suggested a larger-than-expected drawdown in U.S. inventories last week. Crude is also getting support by an overnight … Continue reading