Oil rises on inventory drop as traders await OPEC meeting


Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery CLF20, +4.05%Read More →

Gold holds above $1,500 ahead of this week’s Fed meeting


Gold futures edged lower Monday but held above the psychologically important level of $1,500 an ounce as traders await this week’s Federal Reserve policy meeting. Gold for December delivery GCZ19, -0.33%  on Comex fell $4.30, or 0.3%, to $1,501 an ounce, while December silver SIZ19, -0.06%  edged 1.9 cents higher,Read More →

DURECT Corporation: DUR-928 Data In Severe Alcoholic Hepatitis To Be Showcased At Upcoming AASLD Meeting – DURECT Corporation (NASDAQ:DRRX)


DURECT Corporation (DRRX) has a drug, DUR-928, that is being studied in alcoholic hepatitis (AH), non-alcoholic steatohepatitis (NASH) and psoriasis. There will be two presentations on DUR-928, including one oral late breaker, at November’s AASLD meeting on AH, which is an important cause of liver-related morbidity leading to the needRead More →

Asian markets little changed ahead of ECB meeting


Asian markets were mixed in early trading Thursday following gains on Wall Street and ahead of the European Central Bank’s meeting. U.S. stocks inched higher Wednesday despite largely disappointing earnings reports, with some experts saying confidence in the Federal Reserve — and in a potential interest-rate cut next week —Read More →

Asian markets gain ahead of ECB meeting


Asian markets mostly gained in early trading Wednesday, ahead of expected further monetary easing by the European Central Bank. The ECB is expected to take rates even deeper into negative territory at its Thursday meeting. Policy makers have indicated the ECB could introduce a tiered system of deposits, which wouldRead More →

Five things to watch from this week’s crucial Fed meeting


Bloomberg News/Landov Fed Chairman Jerome Powell at his news conference following the Federal Open Market Committee (FOMC) meeting last month. Economists are broadly expecting the Federal Reserve to lower its benchmark interest rate this week by a quarter-point, the first cut in 10 years. With an easing seemingly a faitRead More →

Asian Stocks Mixed Ahead of Fed Meeting By Investing.com


© Reuters. Investing.com – Asian stocks were mixed in morning trade on Tuesday ahead of this week’s key Federal Reserve decision. China’s fell 0.2%, while the inched up 0.1%. While not a major directional driver, data showed today that China’s new home prices rose 0.7% month-on-month in May, picking upRead More →