Markets American employers likely stepped up hiring in February, in a sign of labor market strength that could further ease fears of a recession and allow the Fed to gradually raise interest rates this year. The U.S. Labor Department’s report … Continue reading
Markets U.S. futures are hugging the flatline as investors debate whether recent bullish sentiment will continue ahead of tomorrow’s U.S. jobs report. “We think the market is still overvalued at current levels and expect it to resume its decline shortly,” … Continue reading
Markets Yesterday turned out to be Super Tuesday for the stock market too, as investors bought equities with gusto. The Dow popped 349 points (+2.1%) for its second best day of the year, the S&P 500 surged 2.4%, while the … Continue reading
Markets Chinese shares rallied overnight after the PBOC cut its reserve requirement ratio to free up liquidity, while downbeat manufacturing surveys raised hopes for additional stimulus measures. The official Purchasing Managers’ Index fell to 49.0 in February, marking the lowest … Continue reading
Markets Shares across the globe are on the retreat after a weekend meeting of G20 finance chiefs ended without a plan to spur global growth, while investors fretted over renewed expectations for another Fed rate hike. U.S. economic data published … Continue reading
Markets Finance ministers and central bank governors from the world’s leading economies have gathered in Shanghai to discuss a response to the darkening global economic landscape. Among the many issues facing them is the plunge in commodity prices, market volatility, … Continue reading
Markets It didn’t take long after China’s Lunar New Year holiday for the Shanghai Composite to return to its old ways. The index today dropped 6.4%, extending its fall this year to 22%, as surging money-market rates signaled tighter liquidity … Continue reading
Markets World shares are dipping into the red again, as investors continue to use oil prices as a health gauge of the global economy. At an event in Houston on Tuesday, Saudi oil minister Ali al-Naimi ruled out production cuts … Continue reading
Markets The latest stock market rally is losing momentum as the correlation between crude and equity benchmarks grows stronger than ever. Oil prices jumped over 6% on Monday as the IEA reported that U.S. shale production was expected to decline, … Continue reading
Markets The pound has taken a plunge amid a split in the U.K.’s ruling political party over whether Britain should leave the European Union. Over the weekend, British PM David Cameron announced a historic referendum (set for June 23) to … Continue reading