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
Markets Stocks across the globe took a break from a recent rally today after oil prices slipped and Wall Street snapped a three-session winning streak. Crude gained sharply earlier this week as major oil producers proposed a joint production freeze, … Continue reading
Markets U.S. futures are marching higher after Wall Street logged its first three-day rally of 2016. Some stronger-than-expected industrial production data reassured investors about the strength of the U.S. economy, while crude prices soared after Iran endorsed an oil output … Continue reading
Markets The FOMC is poised to issue the minutes from its meeting in January, where the Federal Reserve declared it still intended to raise interest rates gradually, but was “closely monitoring” market developments. While the transcript is likely to underscore … Continue reading
Markets Top oil officials from Russia, Saudi Arabia and several key OPEC members have agreed to freeze crude output at January levels at a meeting in the Qatari capital of Doha, targeting a supply glut that’s sent prices to 13-year-lows. … Continue reading
Markets While U.S. futures are pointing higher, stocks may continue to retest January’s lows today, as traders await retail sales and consumer sentiment figures. Equities were rocked Thursday as Fed Chair Janet Yellen returned to Congress, stressing that the central … Continue reading