Markets Pre-market action suggests that the drive to hit 20,000 on the Dow may not happen so quickly, with thin trading expected as traders pack up for Christmas. But some of the year’s final economic reports could help turn the … Continue reading
Markets The Dow Jones industrial average is within striking distance of 20,000 and some investors believe that piercing that level would signal the recent rally may continue. The U.S. stock market as a whole has added $1.6T since the election … Continue reading
Markets The dollar is climbing back towards a 14-year high after Janet Yellen flagged strength in the U.S. jobs market, while fallout from attacks in Germany, Turkey and Switzerland are putting pressure on the euro, pushing the currency back below … Continue reading
Markets Donald Trump is set to seal his Presidential victory today as the electoral college meets for a vote that is usually routine but takes place this year amid allegations of election hacking by Russia. Its 538 members are due … Continue reading
Markets Global markets are stable overnight, and the euro, yen and pound all recover a bit of ground against the dollar, as the greenback surged to 14-year highs vs. the euro and a broader basket of currencies yesterday as markets repositioned … Continue reading
Markets Crude oil prices are recovering from their slide after the Federal Reserve hiked interest rates yesterday. A stronger U.S. dollar is seen as a possible concern on demand. Investors expect a tight market in 2017 on their faith in … Continue reading
Markets ‘Tis the season for rate hikes. At 2 p.m. ET the Federal Reserve is expected to announce its first interest rate increase since last December and only the second since the financial crisis. But what’s less widely known is … Continue reading
Markets U.S. stock index futures are pointing to a higher open on Wall Street as the FOMC begins its two-day meeting on interest rate policy. It’s near certain the Fed will inaugurate the Trump era with a rate hike and … Continue reading
Markets Oil prices have jumped 5% to over $54/bbl after OPEC and non-OPEC producers signed their first deal to cut output since 2001. Led by Russia, non-OPEC nations agreed to reduce production by 558K barrels per day, falling just short … Continue reading
Markets Oil prices have stabilized after a volatile session caused by questions over the OPEC and non-OPEC meeting due to be held this weekend. There’s growing optimism that Russia, Kazakhstan, Azerbaijan and others might agree to cut output following an … Continue reading