Markets Fed Chair Janet Yellen is set to deliver her semi-annual monetary policy testimony in Washington today in what will be her first major appearance of the year and since the Fed’s controversial rate hike last December. The meeting will … Continue reading
Markets It looks like another ugly day for world shares. Investors are concerned that a protracted period of slowing global growth, plunging oil prices and rock-bottom interest rates will combine to inflict pain on the world’s largest financial institutions, while … Continue reading
Markets Most global equity markets are posting big losses as traders fret about a recession following Friday’s disappointing U.S. jobs report, indicating Wall Street may carry on with the heavy casualties seen at the end of last week. Investors are … Continue reading
Markets Futures are edging into the green ahead of the January payrolls report due at 8:30 ET. Consensus calls for 190K jobs added, with the unemployment rate holding steady at 5%. Traders in interest rate markets have essentially priced out … Continue reading
Markets The relationship between stocks and the price of oil has been the subject of much investor discussion recently, and there are many ideas why this correlation (0.67) might exist. Despite ample supply and record-high U.S. crude inventories, wild swings … Continue reading
Markets Japanese shares led losses across Asia today, amid ongoing volatility in the oil market, a stronger yen, and weak earnings from Nomura that hit brokerages. The downturn also reflects fading expectations that the Bank of Japan will take supportive … Continue reading
Markets Chinese shares climbed higher today after the country’s central bank injected more liquidity into the financial system and guided the renminbi to its highest fix in almost a month. The PBOC added 100B yuan ($15.2B) in short-term loans to … Continue reading
Markets Equities enter the new month on shaky ground, following the S&P’s worst January since 2009 (-5.1%) and a volatile month for oil prices. About a fifth of S&P 500 companies will report earnings this week, while lots of economic … Continue reading
Markets The Bank of Japan shocked financial markets overnight by adopting negative interest rates for the first time ever, in a desperate attempt to kick start the world’s number three economy. A rate of -0.1% will now apply to excess … Continue reading
Markets Uncertainty over the future path of U.S. interest rates is weighing on other stocks around the globe, although U.S. futures are seeing gains on upbeat earnings sentiment from Facebook (FB). On Wednesday, the Fed kept interest rates unchanged and … Continue reading