Markets Another big day for oil prices! West Texas Intermediate on Tuesday settled at a premium to its global counterpart Brent crude for the first time in more than five years, and the spread between the two benchmarks is now … Continue reading
Markets Traders are poised to get some fresh reads on U.S. economic growth and data ahead of the holidays at the end of the week. Today’s big statistic will be the final figure for third-quarter GDP, which is expected to … Continue reading
Markets Brent crude is shattering records, losing a fifth of its value in the last month and a third since early October. The benchmark has now hit levels not seen since 2004, skidding 2% to as low as $36.06 per … Continue reading
Markets Oil is on track to post its third weekly loss, with U.S. crude down 2.2% and Brent off by 2%. U.S. inventory builds, a global glut and a Fed rate hike are still the usual story, but two new … Continue reading
Markets Equities across the world are rallying after a historic rate hike from the Fed signaled a mark of confidence in the world’s largest economy. Markets were also soothed by Janet Yellen’s assurance that future tightening would be “gradual” and … Continue reading
Markets The day we’ve all been waiting for has finally arrived. The Federal Reserve is expected to hike interest rates when its two-day policy meeting concludes later today, marking the end of a decade of near zero interest rates. But … Continue reading
Markets World shares are heading into the green (Asia closed lower overnight) despite shaky commodity markets, a junk-bond selloff and a likely Fed rate hike tomorrow. Gold hit six-year lows yesterday and oil fell below $35/bbl, but both are now … Continue reading
Markets Investors start the week with a looming U.S. interest rate hike on the table, a move that will likely set the tone for the markets going into 2016. Not only will the Fed decide whether to raise rates for the … Continue reading
Markets The deepened resolve of OPEC to hold oil output at high levels will help keep the global oil glut in play until late into 2016, according to the International Energy Agency. Though Saudi Arabia and Iraq are already pumping … Continue reading
Markets The Swiss National Bank left its interest rates unchanged in negative territory today, declaring that it would remain active if necessary to weaken the highly-valued Swiss franc. “Despite depreciating somewhat in recent months, the franc is still significantly overvalued,” … Continue reading