Markets IMF representatives are set to give the all-clear for China’s yuan to be included in its Special Drawing Rights basket, laying the groundwork for a favorable decision by policymakers, Bloomberg reports. As part of the process scheduled for every … Continue reading
Markets Stocks across the globe are extending a rally from the previous session, after ECB President Mario Draghi signaled his willingness to add more stimulus to the eurozone’s flagging economies. “We are ready to act if needed…and we are open … Continue reading
Markets All eyes will be on ECB President Mario Draghi today amid a policy meeting in Malta that will provide clues about further monetary stimulus. Grounds for extending QE would include deflation risks, slowing growth in China and stock market … Continue reading
Markets Upsetting an otherwise tranquil October, China’s stock market erased morning gains and suddenly fell in late trading, bringing back recent memories of afternoon sell-offs in the broader market. The Shanghai Composite ended the session down 3.5%, its biggest fall … Continue reading
Markets Earnings reports will likely be a big driver for stocks today, after IBM’s (NYSE:IBM) disappointing results reinforced concerns that the corporate profit outlook is getting murkier. “We’re getting deeper into earnings season and not watching any one company, but … Continue reading
Markets China’s economy grew 6.9% in the third quarter from a year ago, beating forecasts for 6.8% growth, but decelerating to its slowest pace since the global financial crisis. The results add to doubts the country can meet its year-end … Continue reading
Markets World shares are heading higher, extending a rally that’s added $4.1T to global equities this month, following a slew of weak economic reports that have dashed expectations for a Fed rate hike in 2015. European stocks are up, and … Continue reading
Markets U.S. stock index futures are indicating a higher open, with traders looking to the release of consumer inflation data and a flurry of corporate Q3 results. Although earnings season started off with some weak commentaries, most companies are so … Continue reading
Markets World shares extended losses today after consumer inflation in China eased more than expected, adding to the list of concerns surrounding the world’s second-largest economy. The country’s consumer price index climbed 1.6% in September from a year earlier, against … Continue reading
Markets After erasing last week’s big gains through yesterday’s 5.3% drop, oil prices now have even less to look forward to: the Iran nuclear deal. Tehran’s parliament passed a bill this morning supporting the nuclear accord reached with six world … Continue reading