Markets European stocks are lower for a second day after Asian shares tumbled as disappointment with the European Central Bank’s stimulus decision reverberated across global markets. On Thursday, the central bank announced a stimulus plan that was weaker than most … Continue reading
Markets Although the eurozone has its eyes set on fresh stimulus, the U.S. is reinforcing the case for a rate hike later this month. Fed Chair Janet Yellen said yesterday she was “looking forward” to a U.S. interest rate increase … Continue reading
Markets Upcoming speeches from Fed Chair Janet Yellen will be critical in setting market expectations for a possible hike to the U.S. benchmark interest rate, which has held near zero since December 2008. Yellen is scheduled to speak today at … Continue reading
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