Markets The hot seat could be a bit more fiery than usual when Janet Yellen begins her semi-annual Congressional testimony at 10:00 a.m. ET. The Fed Chair is expected to defend the post-crisis banking rules President Trump has pledged to … Continue reading
Markets Traders are awaiting the release of OPEC’s monthly oil market report, and if production cuts come through as suggested, oil prices could push higher. Crude futures are currently down 0.6% to $53.53/bbl. On Friday, the IEA said compliance was … Continue reading
Markets “The oil market is in wait-and-see mode,” according to the IEA’s latest report, which said OPEC’s output cuts have achieved a record initial compliance rate of 90%, making it one of the deepest cuts in the group’s history. OPEC … Continue reading
Markets In Asia, Japan -0.5%. Hong Kong +0.2%. China +0.5%. India +0.1%. In Europe, at midday, London +0.2%. Paris +0.9%. Frankfurt +0.7%. Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.1%. Crude +1% to $52.85. Gold +0.1% to $1240.30. Ten-year … Continue reading
Markets In Asia, Japan +0.5% . Hong Kong +0.7%. China +0.5%. India -0.2%. In Europe, at midday, London -0.1%. Paris +0.5%. Frankfurt +0.1%. Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude -0.7% to $51.83. Gold +0.2% to $1238.80. … Continue reading
Markets A light week of economic news is being overshadowed by a flurry of corporate results. Traders will be looking for S&P 500 firms to maintain the 7.5% average profit increase that has marked an encouraging Q4 earnings season so … Continue reading
Markets ECB President Mario Draghi is set to give his regular testimony in Brussels, where he is expected to face questions on the central bank’s policy path, including when it might start to taper, or wind down, its €2.3T quantitative … Continue reading
Markets Investors are eyeing today’s non-farm payrolls report, which will offer a broad snapshot of the labor market as the Trump administration took office. Economists project employers added 175,000 jobs – not far off from last year’s monthly average – … Continue reading
Markets Six more weeks without a rate hike? The Fed kept interest rates on hold at its January policy meeting, its first since Donald Trump assumed the presidency, but said “measures of consumer and business sentiment have improved of late.” … Continue reading
Markets The Federal Reserve is expected to keep interest rates unchanged today in its first policy decision since President Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised greater infrastructure spending, tax … Continue reading