Markets The IMF is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, WSJ reports, stating they should be fixed at an interest rate of 1.5%, and fall due gradually in the following … Continue reading
Markets Crude is trading higher on the back of a rare bullish call from Goldman Sachs, which until now had been a long-time bear on oil and even warned of another price crash due to overflowing storage. The investment bank … Continue reading
Markets Following a choppy trading day on Wall Street, world stocks are heading into the red, with the Dow poised to record its third straight weekly decline. The dip comes ahead of major American and Chinese data releases, which may … Continue reading
Markets Global oil stocks will fall by 200K barrels per day in the second half of the year after rising by 1.3M barrels per day in H1, according to the IEA. Behind the quick rise in the first half was … Continue reading
Markets The dollar is stumbling again, succumbing to a bout of profit-taking as U.S. futures point to a fall of around a third of a percent on Wall Street. The move comes after Goldman Sachs called the greenback’s bottom (again), … Continue reading
Markets Stocks across the globe are heading higher, helped by some solid corporate earnings, oil’s determination to top $44/bbl, and a new pledge by Japan stating it was prepared to weaken its currency. Despite the screen of green, the S&P … Continue reading
Markets U.S. futures are wading into the green after Friday’s weaker than expected non-farm payrolls number caused investors to revise down the likelihood of the Fed hiking rates in June. The U.S. economy created 160K jobs in April, less than … Continue reading
Markets The Labor Department will release its broad snapshot of the jobs market this morning, setting the stage for a possible rate hike in June if policymakers can be convinced the economy can handle it. Investors may have lowered their … Continue reading
Markets Activity in China’s service sector expanded again in April, though the gains were slightly less robust than in March, as firms resumed adding staff following a rare decline the previous month. The Caixin services PMI dropped to 51.8 from … Continue reading
Markets U.S. stock index futures are sinking into the red, ahead of a bevy of big-name earnings. Time Warner (NYSE:TWX) and Delphi Automotive (NYSE:DLPH) will report first quarter results early in the day, with numbers due from Kraft Heinz (NASDAQ:KHC), … Continue reading