Markets European shares and U.S. stock futures were higher at the time of writing following a mixed day in Asia as investors stayed cautious amidst the deep summer vacation slumber and ahead of a speech by Fed Chair Janet Yellen … Continue reading
Markets Global markets are slightly higher in a week largely dominated by the upcoming Federal Reserve meeting in Jackson Hole, Wyoming. A speech on Friday by Fed Chair Janet Yellen could settle the matter on if a September rate hike … Continue reading
Markets European shares and U.S. stock futures were lower at the time of writing following a broad drop in Asia overnight. A 0.3% decline in the euro versus the dollar amid speculation about when the Fed will raise interest rates … Continue reading
Markets The price of crude is now within striking distance of $50 a barrel, putting the commodity nearly 22% above the $39.51 it touched on Aug. 2. Chatter about an OPEC production freeze makes for a good excuse, but Iran’s … Continue reading
Markets With the Fed still divided over its next move, investors will be looking to the ECB today for some clarity. The central bank will release minutes of its July policy meeting at 8:30 a.m. ET, which should offer clues … Continue reading
Markets After saying the economy stands on better footing at its July meeting, the Federal Reserve will publish details of its view today, potentially giving a steer on how likely an interest rate increase will be in September or December. … Continue reading
Markets Oil prices are edging closer to $46 a barrel, fueled by talk of producers taking action to prop up the market, although some investors cashed in during Asian hours on the 16% rally since early August. Led by top … Continue reading
Markets Chinese stocks climbed to a seven-month high today on hopes of a formal announcement regarding the Shenzhen-Hong Kong Stock Connect. “It has two positives: the first is it shows that this period of worry in Beijing about currency outflows … Continue reading
Markets All three major U.S. equity indexes rose to new highs on Thursday, in an alignment that hasn’t occurred since December 31, 1999. The records punctuate a march that defies stocks’ sharp downdraft at the start of the year and … Continue reading
Markets The world will consume less oil next year than previously thought due to a “dimmer macroeconomic outlook,” the IEA said in its monthly oil market report. The energy watchdog expects global oil demand to grow by 1.2M barrels per … Continue reading