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
Markets Oil prices are recovering slightly, although WTI crude is still below $40 for a fourth consecutive day. “We are in a situation where the market’s had a big fall and speculators have taken a bit off the table,” said … Continue reading
Markets World shares extended a losing streak today as bourses came under pressure from weak Chinese trade data (see below) and fallout from Monday’s oil price rout, which saw crude plunge 6% to its lowest level in almost seven years. … Continue reading
Markets World shares started the week strongly on Monday, buoyed by Friday’s big gains on Wall Street, after upbeat jobs data bolstered investor confidence in the U.S. economy. The sturdy employment report likely means a green light for a Federal … Continue reading
Markets European stocks are lower for a second day after Asian shares tumbled as disappointment with the European Central Bank’s stimulus decision reverberated across global markets. On Thursday, the central bank announced a stimulus plan that was weaker than most … Continue reading
Markets Although the eurozone has its eyes set on fresh stimulus, the U.S. is reinforcing the case for a rate hike later this month. Fed Chair Janet Yellen said yesterday she was “looking forward” to a U.S. interest rate increase … Continue reading
Markets Upcoming speeches from Fed Chair Janet Yellen will be critical in setting market expectations for a possible hike to the U.S. benchmark interest rate, which has held near zero since December 2008. Yellen is scheduled to speak today at … Continue reading
Markets Following a pretty sluggish November (major U.S. indices were flat for the month despite volatile swings), traders are determining where the markets will go to close out the year. Major events this week, including a crucial ECB meeting, speeches … Continue reading
Markets The euro is closing out November with a major monthly decline as economists unanimously forecast the ECB will unveil additional stimulus this week. The currency has weakened 3.8% this month, its biggest loss since a 4.2% decline in March, … Continue reading