Markets It’s one of the most anticipated monetary policy decisions for years, with markets still unclear if the Federal Reserve this afternoon will unveil its first interest rate hike in almost a decade. Traders this week have been reluctant to … Continue reading
Markets The drama surrounding this week’s FOMC meeting is unprecedented in recent memory, with the picture complicated by the recent market turbulence that may see the central bank hold off on raising rates. Many investors are hesitant to make big … Continue reading
Markets Stock market volatility in China extended as the Shanghai Composite Index shed 3.6% to mark its sharpest drop in three weeks. The index barely held onto the psychologically critical 3,000 level. The Hang Seng lost 0.5% and the major … Continue reading
Markets Lots of activity on tap for this week, so keep your chinstraps tightly fastened…FOMC…Joblexx Claims…Quadruple Options Expiration Witching. Today’s Economic Calendar No Economic Reports PTG Trading S&P e-mini (ES) ended last week’s trade Cycle (CD3) in fine fashion as … Continue reading
Markets Crude oil was sharply lower at the time of writing despite the IEA predicting the “largest cut in non-OPEC supply in more than two decades” due to low prices, and as Goldman Sachs warned that crude could collapse to … Continue reading
Markets European and Asian shares have tracked yesterday’s U.S. stock performances and have pulled back after enjoying strong gains earlier this week, although U.S. futures were back in the green at the time of writing. For those looking for reasons … Continue reading
Markets Japan’s Nikkei index has surged 7.7% amid a rally in global equities, helped by the prospect of corporate tax cuts, further stimulus in China and overselling. Prime Minister Shinzo Abe has pledged to cut rates by 3.3 percentage points … Continue reading
Markets Global equities were roaring higher at the time of writing following an uptick in eurozone GDP growth and contrasting German and Chinese trade data. While the data was good in Europe, it was poor in China, although the figures … Continue reading
Markets Investors are getting ready to digest one of the most significant data releases of the summer for its implications on the timing of the first rate hike since 2006. Due at 8:30 a.m. ET, the August non-farm payrolls report … Continue reading
Markets Traders will be listening to announcements from the European Central Bank today, as President Mario Draghi and the governing council gather in Frankfurt to set monetary policy and discuss the state of Europe’s economy. Economists expect the inflation forecast … Continue reading