Markets Oil rose around 6% yesterday, its best one day performance since April, on renewed hopes of an OPEC deal to cut production. But prices are now dipping lower after the IEA left its supply and demand forecasts unchanged despite … Continue reading
Markets U.S. stock markets look set to open higher, with the Dow Jones continuing to push towards new all-time highs, as a Trump-fueled equity bounce appears ready to cement a year-end rally. While recent gains are largely being attributed to … Continue reading
Markets U.S. bond yields are sharply higher across the board following a public market holiday on Friday, as traders continue to eye upward inflation trends following the election of Donald Trump. The yield on the benchmark 10-year Treasury note is … Continue reading
Markets The Dow closed at a new all-time high on Thursday as investors continued to embrace the Trump Trade, putting the index within striking distance of 19,000. But is the recent rally build to last? That’s the question traders are … Continue reading
Markets U.S. shares staged a dramatic comeback yesterday, led by banks and healthcare stocks as investors bet on the prospect of less regulation under a Trump administration, while Treasury yields rose to their highest level since January. The broad move … Continue reading
Markets Donald Trump has been elected the 45th president of the United States, beating his opponent Hillary Clinton as well as a raft of pre-election polls. “Now it’s time for America to bind the wounds of division,” he said in … Continue reading
Markets The race for the White House will come to an historic conclusion tonight. Most voting stations on the U.S. east coast will open their doors at 7 a.m. ET, with the key battleground states of Pennsylvania, North Carolina and … Continue reading
Markets U.S. futures and the dollar are posting big gains, along with shares across the globe, as bullish sentiment returned to Wall Street following the largest streak of losses on the S&P 500 since 1980. “Based on our review, we … Continue reading
Markets The global stock selloff has extended into Friday trading as crude oil holds near one-month lows and investors shun riskier assets ahead of next week’s election. “One thing markets are not particularly good at pricing is political risks,” said … Continue reading
Markets S&P 500 has fallen in seven straight sessions through Wednesday, the first time the large-cap index has done that since 2011. Yet even amid all of the declines, the S&P has fallen less than 2.5% in the past seven … Continue reading