Markets U.S. stock futures are pointing higher as they look to overcome another tough day in Asian markets. The Shanghai Composite Index fell 2.1% and the Hang Seng Index was off 3.4% after manufacturing data from China rekindled concerns on … Continue reading
Markets Federal Reserve policymaker James Bullard said Saturday he argued against holding rates steady during the Fed’s policy meeting last week because he believed the economy had recovered enough to begin raising rates. Bullard also described the meeting as “pressure … Continue reading
Markets Sentiment in the stock markets was weak on Friday, after Fed Chair Janet Yellen decided to take a “little bit more time to evaluate the likely impacts” of recent market volatility before acting on interest rates. Although low rates … Continue reading
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