Markets The weak dollar is sending gold above $1,300 an ounce for the first time since January 2015, as prices advance 23% YTD, rebounding from three straight annual declines. Investors have flooded back to the yellow metal as risks to … Continue reading
Markets Oil prices are higher in early trading after yesterday’s report by the U.S. Department of Energy showed a decrease in domestic crude production. Some analysts think the recent strong gains in oil will be capped soon with a sustainable … Continue reading
Markets Futures lower after BOJ surprises by standing pat Markets had been expecting the Bank of Japan to ease policy further – be it a deeper dive into negative rate territory and boosted asset purchases. When the bank did neither … Continue reading
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