Markets In Asia, Japan -0.6%. Hong Kong -0.3%. China -0.9%. India +0.6%. In Europe, at midday, London +0.2%. Paris -0.8%. Frankfurt -0.2%. Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude -0.5% to $53.49. Gold flat at $1241.10. Ten-year … Continue reading
Markets Two days of testimony from a more hawkish Janet Yellen has cemented the idea that the U.S. central bank will raise interest rates by midyear if not sooner. Yellen also said she opposes an intrusion on the Fed’s independence … Continue reading
Markets Two of today’s key reports – retail sales and the Consumer Price Index – may provide more clues than Janet Yellen about how soon the Fed could raise interest rates. The Chair testifies for a second day, this time … Continue reading
Markets The hot seat could be a bit more fiery than usual when Janet Yellen begins her semi-annual Congressional testimony at 10:00 a.m. ET. The Fed Chair is expected to defend the post-crisis banking rules President Trump has pledged to … Continue reading
Markets Traders are awaiting the release of OPEC’s monthly oil market report, and if production cuts come through as suggested, oil prices could push higher. Crude futures are currently down 0.6% to $53.53/bbl. On Friday, the IEA said compliance was … Continue reading
Markets “The oil market is in wait-and-see mode,” according to the IEA’s latest report, which said OPEC’s output cuts have achieved a record initial compliance rate of 90%, making it one of the deepest cuts in the group’s history. OPEC … Continue reading
Markets In Asia, Japan -0.5%. Hong Kong +0.2%. China +0.5%. India +0.1%. In Europe, at midday, London +0.2%. Paris +0.9%. Frankfurt +0.7%. Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.1%. Crude +1% to $52.85. Gold +0.1% to $1240.30. Ten-year … Continue reading
Markets In Asia, Japan +0.5% . Hong Kong +0.7%. China +0.5%. India -0.2%. In Europe, at midday, London -0.1%. Paris +0.5%. Frankfurt +0.1%. Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude -0.7% to $51.83. Gold +0.2% to $1238.80. … Continue reading
Markets A light week of economic news is being overshadowed by a flurry of corporate results. Traders will be looking for S&P 500 firms to maintain the 7.5% average profit increase that has marked an encouraging Q4 earnings season so … Continue reading
Markets ECB President Mario Draghi is set to give his regular testimony in Brussels, where he is expected to face questions on the central bank’s policy path, including when it might start to taper, or wind down, its €2.3T quantitative … Continue reading