Markets Just five days ahead of the much anticipated oil producers’ meeting in Doha, Iraq’s OPEC governor Falah Alamri has extended his support for an output freeze agreement by stating “this is the only way” to boost crude prices. Although … Continue reading
Markets Earnings season for the first quarter is about to get underway, starting with Alcoa’s (NYSE:AA) results after today’s market close. If Wall Street forecasts are to be believed, traders are bracing for a 7.9% plunge in Q1 profits, marking … Continue reading
Markets Japan’s Finance Minister has described the dollar’s recent falls vs. the yen as “one-sided movements” and vowed to intervene if necessary to continue the country’s fight against deflation. “We are watching moves with a sense of tension,” Taro Aso … Continue reading
Markets Still digesting details from the last Federal Reserve meeting, investors are looking ahead to the European Central Bank’s own set of minutes. The account, due at 8:30 a.m. ET, will shed some light on why the ECB chose to … Continue reading
Markets Later today the FOMC will issue the minutes from its last meeting, where the Fed left rates unchanged and lowered its forecast for hikes this year from four to two. While traders are hoping the context will help clarify … Continue reading
Markets March’s stock market spring back is threatening to turn into a pullback. While April is typically one of the best months of the year, equities are remaining under pressure as oil slips to a one-month low, sentiment sours ahead … Continue reading
Markets Crude prices headed further south overnight after Iranian oil minister Bijan Zanganeh said the country’s oil exports jumped in March to surpass 2M barrels a day, according to the official Shana news service. Prices also remained under pressure following … Continue reading
Markets The markets are flashing red ahead of today’s jobs report, as traders expect strong numbers in March to put a Fed rate hike back on the table. Nonfarm payrolls likely increased 205K last month, with the unemployment rate holding … Continue reading
Markets U.S. averages are set to close out a roller-coaster first quarter at 2016 highs following a big reversal this month that propped up stocks. With Q1 earnings on tap, oil market volatility, interest rate decisions, and global growth worries, … Continue reading
Markets World stocks are flying higher as investors welcomed Fed Chair Janet Yellen’s “cautious” stance on raising U.S. interest rates. In a speech Tuesday, Yellen said global and financial uncertainties posed risks to the domestic economy and justified a slower … Continue reading