Markets Oil prices are down in early trading after reports of increased production out of Libya and Iran cut into some of the enthusiasm over the OPEC deal from last week. The market is also anxious over tomorrow’s read on … Continue reading
Markets Crude prices that were lower during Asian trading hours turned back up later, as markets continued to digest reports last week of an OPEC production cut. The cartel informally agreed to reduce production to 32.5M barrels/day, but such agreements … Continue reading
Markets Deutsche Bank -4% in Frankfurt, as worrying headlines continue to surface and traders fear contagion due to its position at the heart of world finance. A report yesterday suggested a number of hedge funds were cutting back their exposure … Continue reading
Markets The world’s biggest oil producers have agreed to cap output for the first time since the financial crisis. After hours of talks in Algiers, OPEC members committed to lowering production to between 32.5M-33M barrels a day, marking a drop … Continue reading
Markets Prospects are dim for a deal among OPEC countries to cut output or freeze production, but who knows what could happen during the final day of the International Energy Forum. Despite the usual disagreements between Iran and Saudi Arabia, … Continue reading
Markets Saudi Arabia and Iran have dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said differences between the kingdom and Tehran remained too wide. Ministers have also … Continue reading
Markets Stocks are getting jittery ahead of a week that could shake up the financial markets. The presidential debate and OPEC could spur some volatility, while a rush of consumer, manufacturing and other data may reveal whether the U.S. economy … Continue reading
Markets The Fed-fuelled rally that catapulted equities out of the summer doldrums this week is showing some signs of fatigue. Despite the downward movement, there is plenty of Fedspeak on the calendar to keep investors busy for the rest of … Continue reading
Markets U.S. futures are heading higher after the Federal Reserve left rates unchanged and lowered its forecasts. The Fed’s decision shouldn’t be interpreted as a lack of confidence in the economy, Janet Yellen said during her quarterly news conference, but … Continue reading
Markets Japan’s central bank held rates steady at -0.1% following its latest meeting, but announced it would modify its policy framework, marking the latest attempt to boost prices and goose economic growth. Among the changes, the BOJ said it would … Continue reading