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
Markets Following a choppy trading day on Wall Street, world stocks are heading into the red, with the Dow poised to record its third straight weekly decline. The dip comes ahead of major American and Chinese data releases, which may … Continue reading
Markets Global oil stocks will fall by 200K barrels per day in the second half of the year after rising by 1.3M barrels per day in H1, according to the IEA. Behind the quick rise in the first half was … Continue reading
Markets The dollar is stumbling again, succumbing to a bout of profit-taking as U.S. futures point to a fall of around a third of a percent on Wall Street. The move comes after Goldman Sachs called the greenback’s bottom (again), … Continue reading
Markets Stocks across the globe are heading higher, helped by some solid corporate earnings, oil’s determination to top $44/bbl, and a new pledge by Japan stating it was prepared to weaken its currency. Despite the screen of green, the S&P … Continue reading