Markets Oil prices are giving up some of Monday’s gains ahead of the official start of the latest OPEC meeting in Vienna tomorrow. Things are looking increasingly shaky following reports that OPEC’s technical experts failed to bridge their differences and … Continue reading
Markets Oil prices are bouncing around the $46 level as traders bet on whether OPEC will slash output at its closely watched meeting on Wednesday. While Libya has announced it won’t take part in any OPEC cuts and Saudi Arabia … Continue reading
Markets The four major U.S. stock market benchmarks closed at all-time highs again on Tuesday, with the Dow ending above 19,000 and the S&P 500 finishing above 2,200 for the first time, and the Nasdaq and Russell 2000 posing new … Continue reading
Markets World stocks are riding the slipstream of the first joint all-time high for Wall Street’s four main markets since 1999, with the Dow, S&P 500, Nasdaq Composite and Russell 2000 all hitting new records. “You’ve seen at the beginning … Continue reading
Markets OPEC’s technical committee will meet in Vienna today to discuss the implementation of the Algiers oil-supply pact, finalized on Sept. 28, which would end a two-year policy of pumping without limits. The gathering comes as Iran and Iraq signal … Continue reading
Markets Fedspeak will continue today with speeches from James Bullard, Esther George, William Dudley, Robert Kaplan, Charles Evans and Jerome Powell. Yesterday, Janet Yellen’s congressional testimony took the spotlight. The Fed Chair signaled a December move, suggesting a rate hike … Continue reading
Markets Fed chair Janet Yellen is due to appear before the Joint Economics Committee in Washington, where she’s likely to be quizzed on how tax cuts or fiscal stimulus under Trump could affect the economic and interest rate outlook. Don’t … Continue reading
Markets Oil rose around 6% yesterday, its best one day performance since April, on renewed hopes of an OPEC deal to cut production. But prices are now dipping lower after the IEA left its supply and demand forecasts unchanged despite … Continue reading
Markets U.S. stock markets look set to open higher, with the Dow Jones continuing to push towards new all-time highs, as a Trump-fueled equity bounce appears ready to cement a year-end rally. While recent gains are largely being attributed to … Continue reading
Markets U.S. bond yields are sharply higher across the board following a public market holiday on Friday, as traders continue to eye upward inflation trends following the election of Donald Trump. The yield on the benchmark 10-year Treasury note is … Continue reading