Markets The key event for today is the ECB meeting in Frankfurt, where the central bank will deliver its first policy decision since extending the run of QE in December. Since then, eurozone inflation has risen sharply, while Germany has … Continue reading
Markets Investors are awaiting Janet Yellen’s speech to the Commonwealth Club in San Francisco later today, which could offer clues about the direction of policy. The Fed looks poised to pick up the pace of interest-rate hikes this year, especially … Continue reading
Markets Oil markets are going to stabilize this year, according to OPEC’s Secretary General. Speaking in Venezuela, Mohammed Barkindo also voiced optimism that OPEC economies will improve as a result of last year’s producer agreement. It comes after Saudi Arabia … Continue reading
Markets “Compliance won’t be 100%, it never is,” OPEC delegates told Reuters, stating the group is unlikely to fully deliver on its target to cut production. According to the officials, 80% compliance would be good, with as low as 50% … Continue reading
Markets The U.S. economy is “doing quite well” and faces no serious obstacles in the short term, with the labor market looking strong, Fed Chair Janet Yellen said in a town hall meeting with educators. But she still fears longer-term … Continue reading
Markets Global macroeconomic numbers have responded “positively” to the agreement between OPEC and non-OPEC producers to pare output, according to OPEC Secretary General Mohammad Barkindo. Crude-producing countries will decide in May whether to extend their collective output cuts beyond the … Continue reading
Markets There will be “trouble for equity markets” if the yield on the 10-year U.S. Treasury note moves beyond 3%, warned Jeffrey Gundlach, while another bond king stated 2.6% was the key level to watch. According to Bill Gross, the … Continue reading
Markets China is vowing to contain high corporate debt levels and further cut excess coal and steel capacity, as investors scrutinized inflation data for signs of improved demand in the world’s second-largest economy. The consumer price index for December climbed … Continue reading
Markets The dollar is likely to hit parity with the euro during 2017, according to Goldman’s chief economist Jan Hatzius, driven by diverging paths for interest rates. “If we are right that the Fed moves the funds rate up more … Continue reading
Markets The December jobs report will be the first major data wrapping up 2016 and the economy’s performance under President Barack Obama. Economists expect 178,000 jobs were added last month following a similar increase in November, while the unemployment rate … Continue reading