Markets Global equities continued where they left off yesterday and were higher at the time of writing despite tepid manufacturing PMI data out of China and Europe. Still, Chinese PMI did improve even if manufacturing continued to contract, raising hopes … Continue reading
Markets Global equities were higher at the time of writing and were set to end what’s been a brutal three months on a positive note. Many major markets have suffered their worst quarter for a number of years amid fears … Continue reading
Markets European stocks were mixed and U.S. futures were broadly higher at the time of writing as Glencore shares recovered from their whipping yesterday. The company’s performance in the previous session helped push Asian equities sharply lower today, while continued … Continue reading
Markets Shanghai was sharply lower early in the session, but managed to eke out a 0.3% gain by the end Monday’s trade. Hong Kong also finished in the green, adding 0.4%. The Nikkei closed off its lows, but still fell … Continue reading
Markets Markets across the globe are on the rise after Fed Chair Janet Yellen eased concerns that last week’s decision to keep rates near zero had put off a rate rise for the foreseeable future. In yesterday’s speech at the … Continue reading
Markets Fed Chair Janet Yellen is scheduled to speak this evening on “inflation dynamics and monetary policy” at the University of Massachusetts. Traders are particularly eyeing her comments on inflation, after the Fed held off on a rate hike last … Continue reading
Markets U.S. stock futures are pointing higher as they look to overcome another tough day in Asian markets. The Shanghai Composite Index fell 2.1% and the Hang Seng Index was off 3.4% after manufacturing data from China rekindled concerns on … Continue reading
Markets Federal Reserve policymaker James Bullard said Saturday he argued against holding rates steady during the Fed’s policy meeting last week because he believed the economy had recovered enough to begin raising rates. Bullard also described the meeting as “pressure … Continue reading
Markets Sentiment in the stock markets was weak on Friday, after Fed Chair Janet Yellen decided to take a “little bit more time to evaluate the likely impacts” of recent market volatility before acting on interest rates. Although low rates … Continue reading
Markets It’s one of the most anticipated monetary policy decisions for years, with markets still unclear if the Federal Reserve this afternoon will unveil its first interest rate hike in almost a decade. Traders this week have been reluctant to … Continue reading