Markets The Dow took almost 103 years to reach 10,000 in March 1999, and another 17 years to double. But the last 1,000 points to reach the 20,000 milestone took just 42 trading days. The blue-chip index has been propelled … Continue reading
Markets Investors are cheering President Trump’s new executive orders clearing the path for the Keystone XL and Dakota Access Pipelines, two controversial projects blocked under Obama. Energy shares also rallied following actions that rolled back regulations and environmental rules to boost … Continue reading
Markets Business activity in eurozone eased slightly in January according to Markit’s flash composite PMI, which fell to 54.3 from 54.4 in December. Nonetheless the reading was one of the highest over the past five-and-a-half years. It “signals respectable quarterly … Continue reading
Markets The greenback is giving up some gains against a backdrop of uncertainty surrounding the new president’s policies, as well as his recent remarks about the impact of dollar strength. Trump’s inaugural address on Friday highlighted his “America first” mantra, … Continue reading
Markets It’s the final countdown… Last minute preparations are underway for Inauguration Day, as Donald Trump will be sworn in as the 45th President of the United States. Executive actions are also in focus as Trump looks to roll back … Continue reading
Markets The key event for today is the ECB meeting in Frankfurt, where the central bank will deliver its first policy decision since extending the run of QE in December. Since then, eurozone inflation has risen sharply, while Germany has … Continue reading
Markets Investors are awaiting Janet Yellen’s speech to the Commonwealth Club in San Francisco later today, which could offer clues about the direction of policy. The Fed looks poised to pick up the pace of interest-rate hikes this year, especially … Continue reading
Markets Oil markets are going to stabilize this year, according to OPEC’s Secretary General. Speaking in Venezuela, Mohammed Barkindo also voiced optimism that OPEC economies will improve as a result of last year’s producer agreement. It comes after Saudi Arabia … Continue reading
Markets “Compliance won’t be 100%, it never is,” OPEC delegates told Reuters, stating the group is unlikely to fully deliver on its target to cut production. According to the officials, 80% compliance would be good, with as low as 50% … Continue reading
Markets The U.S. economy is “doing quite well” and faces no serious obstacles in the short term, with the labor market looking strong, Fed Chair Janet Yellen said in a town hall meeting with educators. But she still fears longer-term … Continue reading