Markets Crude oil prices are recovering from their slide after the Federal Reserve hiked interest rates yesterday. A stronger U.S. dollar is seen as a possible concern on demand. Investors expect a tight market in 2017 on their faith in … Continue reading
Markets ‘Tis the season for rate hikes. At 2 p.m. ET the Federal Reserve is expected to announce its first interest rate increase since last December and only the second since the financial crisis. But what’s less widely known is … Continue reading
Markets U.S. stock index futures are pointing to a higher open on Wall Street as the FOMC begins its two-day meeting on interest rate policy. It’s near certain the Fed will inaugurate the Trump era with a rate hike and … Continue reading
Markets Oil prices have jumped 5% to over $54/bbl after OPEC and non-OPEC producers signed their first deal to cut output since 2001. Led by Russia, non-OPEC nations agreed to reduce production by 558K barrels per day, falling just short … Continue reading
Markets Oil prices have stabilized after a volatile session caused by questions over the OPEC and non-OPEC meeting due to be held this weekend. There’s growing optimism that Russia, Kazakhstan, Azerbaijan and others might agree to cut output following an … Continue reading
Markets Mario Draghi’s final policy announcement of the year will come at 7:45 a.m. ET, with a highly watched press conference to follow 45 minutes later. More important than the expected extension of asset purchases at the current monthly pace … Continue reading
Markets Futures hold on to gains after Dow record U.S. futures and global shares are holding on to their Italy-related gains after the Dow notched a new record closing high on Monday. The current U.S. bull market is now three … Continue reading
Markets In Asia, Japan +0.5%. Hong Kong +0.8%. China -0.2%. India +0.2%. In Europe, at midday, London +0.2%. Paris +0.2%. Frankfurt +0.2%. Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.1%. Crude -0.9% to $51.34. Gold -0.3% to $1172.60. Ten-year … Continue reading
Markets Taking cues from the U.S. election and post-Brexit trading, a “Renzi resignation rally” is underway across the globe after denting equities earlier in the session. With virtually all the ballots counted, 59.6% of Italians voted to block the Prime … Continue reading
Markets The U.S. Labor Department’s jobs report for November will be the last major piece of economic data before the Federal Reserve’s next meeting. Economists expect 175,000 jobs to be added, up from 161,000 in October, and see the unemployment … Continue reading