Markets The Labor Department will release its broad snapshot of the jobs market this morning, setting the stage for a possible rate hike in June if policymakers can be convinced the economy can handle it. Investors may have lowered their … Continue reading
Markets Activity in China’s service sector expanded again in April, though the gains were slightly less robust than in March, as firms resumed adding staff following a rare decline the previous month. The Caixin services PMI dropped to 51.8 from … Continue reading
Markets U.S. stock index futures are sinking into the red, ahead of a bevy of big-name earnings. Time Warner (NYSE:TWX) and Delphi Automotive (NYSE:DLPH) will report first quarter results early in the day, with numbers due from Kraft Heinz (NASDAQ:KHC), … Continue reading
Markets Eurozone growth will be slower than previously expected with subdued inflation in 2016, the European Commission announced in its spring economic forecast, warning of high risks to the bloc’s economy. The GDP of the 19-nation area is now predicted … Continue reading
Markets The weak dollar is sending gold above $1,300 an ounce for the first time since January 2015, as prices advance 23% YTD, rebounding from three straight annual declines. Investors have flooded back to the yellow metal as risks to … Continue reading
Markets Oil prices are higher in early trading after yesterday’s report by the U.S. Department of Energy showed a decrease in domestic crude production. Some analysts think the recent strong gains in oil will be capped soon with a sustainable … Continue reading
Markets Futures lower after BOJ surprises by standing pat Markets had been expecting the Bank of Japan to ease policy further – be it a deeper dive into negative rate territory and boosted asset purchases. When the bank did neither … Continue reading
Markets Global equities were broadly flat-to-lower ahead of the second day of the FOMC’s policy meeting, where the Fed is expected to leave interest rates unchanged at 0.25-0.5%. As ever, there’ll be much interest in the bank’s statement for what … Continue reading
Markets The FOMC is today scheduled to start the first of a two-day meeting where it’s expected to hold rates at 0.25-0.5%. As ever, there will be as much interest in the Fed’s statement as in the decision itself, with … Continue reading
Markets Saudi Arabia is today due to unveil “Saudi Vision 2030,” a plan to overhaul the kingdom’s economy in order to reduce its massive reliance on oil revenues, which account for 80% of its income but are taking a battering … Continue reading