Markets Global macroeconomic numbers have responded “positively” to the agreement between OPEC and non-OPEC producers to pare output, according to OPEC Secretary General Mohammad Barkindo. Crude-producing countries will decide in May whether to extend their collective output cuts beyond the … Continue reading
Markets There will be “trouble for equity markets” if the yield on the 10-year U.S. Treasury note moves beyond 3%, warned Jeffrey Gundlach, while another bond king stated 2.6% was the key level to watch. According to Bill Gross, the … Continue reading
Markets China is vowing to contain high corporate debt levels and further cut excess coal and steel capacity, as investors scrutinized inflation data for signs of improved demand in the world’s second-largest economy. The consumer price index for December climbed … Continue reading
Markets The dollar is likely to hit parity with the euro during 2017, according to Goldman’s chief economist Jan Hatzius, driven by diverging paths for interest rates. “If we are right that the Fed moves the funds rate up more … Continue reading
Markets The December jobs report will be the first major data wrapping up 2016 and the economy’s performance under President Barack Obama. Economists expect 178,000 jobs were added last month following a similar increase in November, while the unemployment rate … Continue reading
Markets Stocks gear up for another run at the elusive Dow 20K mark today after the S&P 500 Index closed just off its record high yesterday. Yesterday’s ho-hum reaction to the report on FOMC minutes shows that investors are taking … Continue reading
Markets Stocks could benefit today from investors adding new positions for the new year, as markets await the Fed’s minutes for any clues on what the central bank is looking for from the incoming Trump administration. Economic stimulus? Tax reform? Reduced … Continue reading
Markets With the first trading session of the year on deck, investors are sketching their market predictions for 2017. Which sectors will be hot? Will the oil rally continue? Is the IPO market poised for a comeback? More record M&A? … Continue reading
Markets The euro surged as much as 1.6% against the dollar overnight as a rush of computer-generated orders caught traders off guard. The sudden move started under $1.05 and algorithmic orders snowballed above that level, causing what little liquidity there … Continue reading
Markets The Santa rally has run out of steam. U.S. stocks declined on Wednesday in the second biggest loss since the election. The Dow opened just a short hop away from 20,000 but then lost 111 points, falling to 19,833, … Continue reading