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Markets Global stocks are on cruise control heading into a three-day weekend in the U.S. and with a key speech from Federal Reserve Chairwoman Janet Yellen on tap. The Fed chief is due to speak at Harvard University in her … Continue reading
Markets Recent supply disruptions coupled with growing demand from China and India continue to push oil prices higher, with Brent crude (NYSEARCA:BNO) pushing through $50 per barrel in London trade, and WTI crude (NYSEARCA:USO) just pennies shy of that level … Continue reading
Markets Crude futures are pushing closer to $50 a barrel, with U.S. oil hitting its highest in over seven months after API data suggested a larger-than-expected drawdown in U.S. inventories last week. Crude is also getting support by an overnight … Continue reading
Markets Expectations are rising for a rate hike next month after Philly Fed President Patrick Harker reinforced the central bank’s message that it’s getting ready to act now that the U.S. economy has recovered from a weak winter. “I can … Continue reading
Markets Oil prices are slipping again, hit by a strong dollar and signs that global crude supply is holding up even as unplanned outages rise to at least a five-year high. Iran’s Deputy Oil Minister was also quoted on Sunday … Continue reading
Markets The dollar is cruising to its third straight week of gains as stock and commodity markets show signs they might be able to manage another U.S. interest rate hike. With risk appetite gradually returning following a bumpy few days, … Continue reading
Markets Global stocks fell to a six-week low, sovereign bonds slumped and the dollar held gains after minutes of the Fed’s last meeting put the prospect of a June rate hike firmly on the table so long as economic data … Continue reading
Markets Both Treasury yields and the dollar have ticked up as traders position themselves ahead of this afternoon’s closely watched FOMC minutes. Fed officials have been talking up a storm ahead of the release, conveying hawkish tones that are also … Continue reading
Markets The IMF is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, WSJ reports, stating they should be fixed at an interest rate of 1.5%, and fall due gradually in the following … Continue reading
Markets Crude is trading higher on the back of a rare bullish call from Goldman Sachs, which until now had been a long-time bear on oil and even warned of another price crash due to overflowing storage. The investment bank … Continue reading