Markets Crude prices are set for a slow recovery, according to the latest report from the International Energy Agency, which warned against the deep investment cutbacks in the industry. In its World Energy Outlook, the IEA’s central scenario for oil … Continue reading
Markets The dollar ceded some ground to the euro as traders took profits on Monday, after robust U.S. employment data prompted more investors to bet on an interest rate hike in December. The U.S. nonfarm payrolls report on Friday showed … Continue reading
Markets Investors are getting ready to digest another critical jobs report that will heavily shape whether the Federal Reserve raises interest rates when its policy makers meet in mid-December. With speeches from several Fed officials suggesting a low bar for … Continue reading
Markets Asian shares continued their climb higher today, sending the Shanghai Composite Index into a bull market as government support underpinned a rebound from China’s $5T stock rout. China’s main stocks are now more than 20% above their August 26 … Continue reading
Markets Chinese stocks surged today on news the country would further open its markets to foreign investment by establishing a trading link between Shenzhen and Hong Kong by the end of the year. The People’s Bank of China later clarified … Continue reading
Markets Australia’s central bank kept its cash rate steady at a record low of 2% on Tuesday, but said subdued inflation meant there might be room for further easing if needed. In a brief statement, RBA Governor Glenn Stevens stated … Continue reading
Markets The ECB’s massive stimulus program has done little to spur manufacturing growth in the eurozone, as factories again resorted to cutting prices to boost trade. Markit’s final manufacturing PMI was 52.3 last month, only slightly up from September, but … Continue reading
Markets Despite building expectations for more stimulus, Japan’s central bank has kept monetary policy on hold, maintaining its annual asset purchases at ¥80T. The decision comes amid declines in output and a slowdown in consumer prices that has threatened Japan … Continue reading
Markets The Commerce Department is scheduled to release its preliminary estimate of U.S. economic growth for the third quarter at 8:30 a.m. ET, at the same time as the weekly jobless claims report. Economists are looking for the economy to … Continue reading
Markets Although the Fed is largely expected to keep interest rates unchanged today, will there be anything for investors to digest in terms of the timing of an upcoming hike? Chairwoman Janet Yellen isn’t scheduled to hold a press conference … Continue reading