Markets Global equities were broadly flat-to-lower ahead of the second day of the FOMC’s policy meeting, where the Fed is expected to leave interest rates unchanged at 0.25-0.5%. As ever, there’ll be much interest in the bank’s statement for what … Continue reading
Markets The FOMC is today scheduled to start the first of a two-day meeting where it’s expected to hold rates at 0.25-0.5%. As ever, there will be as much interest in the Fed’s statement as in the decision itself, with … Continue reading
Markets Saudi Arabia is today due to unveil “Saudi Vision 2030,” a plan to overhaul the kingdom’s economy in order to reduce its massive reliance on oil revenues, which account for 80% of its income but are taking a battering … Continue reading
Markets After bank earnings last week and tech earnings this week, Q1 results from major industrial players are about to take center stage. General Electric (NYSE:GE), Caterpillar (NYSE:CAT) and Honeywell (NYSE:HON) will all release results this morning, and traders are … Continue reading
Markets The European Central Bank is expected to leave interest rates and other stimulus tools unchanged at its meeting today while it ponders the effects of policy measures it took last month. That bazooka of stimulus included increasing monthly asset … Continue reading
Markets Crude prices have fallen below $40 a barrel after Kuwaiti oil workers ended a three-day strike that had cut the OPEC member’s production by nearly half. Concerns about oversupply were further reinforced by API industry data that showed a … Continue reading
Markets World shares are heading higher after oil prices stabilized and the Dow Jones closed above 18,000 for the first time since last July. Stocks seems to be getting a further lift from the ongoing first-quarter corporate earnings season. Analysts … Continue reading
Markets World shares are following crude lower, after the world’s largest oil exporters failed to reach an agreement in Doha to freeze output at January levels. The major sticking point during the meeting was the heightened tension between Saudi Arabia, … Continue reading
Markets All eyes are on Doha this weekend where a meeting between OPEC and non-OPEC oil producers is being held to discuss freezing output at current levels. Ahead of the big event, another Russian official poured cold water on hopes … Continue reading
Markets The Bank of England looks set to keep interest rates on hold today amid concerns about a slowdown in the U.K. economy and the threat of Britain leaving the EU. “Little action is expected as always with no one … Continue reading