Markets Following a pretty sluggish November (major U.S. indices were flat for the month despite volatile swings), traders are determining where the markets will go to close out the year. Major events this week, including a crucial ECB meeting, speeches … Continue reading
Markets The euro is closing out November with a major monthly decline as economists unanimously forecast the ECB will unveil additional stimulus this week. The currency has weakened 3.8% this month, its biggest loss since a 4.2% decline in March, … Continue reading
Markets A flurry of U.S. economic data will be crammed into the market session today, as trading activity slows before a long Thanksgiving weekend. Up ahead: Durable Goods, Jobless Claims, Personal Income, New Home Sales, Consumer Sentiment and EIA Petroleum … Continue reading
Markets U.S. futures and European shares are in the red after Turkish warplanes shot down a Russian military aircraft on the border with Syria. Officials said the Su-24 jet was downed after it knowingly violated Turkish airspace and its two … Continue reading
Markets Prior to the release of the PMI figures, the euro slumped to a seven-month trough at $1.0601, following Mario Draghi’s strongest hint yet that the ECB will unveil fresh stimulus at its policy meeting next week. “The ECB is … Continue reading
Markets The ECB is prepared to deploy its full range of stimulus measures to fight low inflation, ECB President Mario Draghi said on Friday, further indicating that the central bank will apply additional easy money policies at its next meeting … Continue reading
Markets World shares are continuing their climb higher after minutes from the Fed’s most recent policy meeting strengthened expectations for a rate hike in December, a move that would remove lingering uncertainty in the financial markets. “It may well become … Continue reading
Markets Major global stock indices were flat-to-lower at the time of writing as investors stayed cautious amid news of a police raid in Paris on suspected terrorists (see below) and ahead of the release later today of the FOMC minutes … Continue reading