Markets The latest stock market rally is losing momentum as the correlation between crude and equity benchmarks grows stronger than ever. Oil prices jumped over 6% on Monday as the IEA reported that U.S. shale production was expected to decline, … Continue reading
Markets The pound has taken a plunge amid a split in the U.K.’s ruling political party over whether Britain should leave the European Union. Over the weekend, British PM David Cameron announced a historic referendum (set for June 23) to … Continue reading
Markets Stocks across the globe took a break from a recent rally today after oil prices slipped and Wall Street snapped a three-session winning streak. Crude gained sharply earlier this week as major oil producers proposed a joint production freeze, … Continue reading
Markets U.S. futures are marching higher after Wall Street logged its first three-day rally of 2016. Some stronger-than-expected industrial production data reassured investors about the strength of the U.S. economy, while crude prices soared after Iran endorsed an oil output … Continue reading
Markets The FOMC is poised to issue the minutes from its meeting in January, where the Federal Reserve declared it still intended to raise interest rates gradually, but was “closely monitoring” market developments. While the transcript is likely to underscore … Continue reading
Markets Top oil officials from Russia, Saudi Arabia and several key OPEC members have agreed to freeze crude output at January levels at a meeting in the Qatari capital of Doha, targeting a supply glut that’s sent prices to 13-year-lows. … Continue reading
Markets While U.S. futures are pointing higher, stocks may continue to retest January’s lows today, as traders await retail sales and consumer sentiment figures. Equities were rocked Thursday as Fed Chair Janet Yellen returned to Congress, stressing that the central … Continue reading
Markets Fresh tremors are hitting global markets as a cautious tone from the Federal Reserve and another fall in crude prices fuel anxiety about the world economy. “Financial conditions in the United States have recently become less supportive of growth,” … Continue reading
Markets Fed Chair Janet Yellen is set to deliver her semi-annual monetary policy testimony in Washington today in what will be her first major appearance of the year and since the Fed’s controversial rate hike last December. The meeting will … Continue reading
Markets It looks like another ugly day for world shares. Investors are concerned that a protracted period of slowing global growth, plunging oil prices and rock-bottom interest rates will combine to inflict pain on the world’s largest financial institutions, while … Continue reading