Oil Price Talking Points The price of oil appears to be stuck in a narrow range as the Organization of the Petroleum Exporting Countries (OPEC) plan to gradually restore production over the coming months, but the broader outlook warns of a larger correction in crude as it snaps theRead More →
Source: IG Charts IG Charts Crude Oil Fundamentals Highlights. Crude oil blocked on the upside O PEC meetings U.S.-China compliance review to set early tone of clients are net long. The client is a net short. Change exquisite short (finance) OI daily 13% -12% 1% weekly -4% 5%Read More →
© Reuters. BY Yasin Ebrahim Investing.com – The pound rose against the U.S. dollar on Wednesday and continued to maintain its third consecutive week of gains against the U.S. dollar. Before the Bank of England meeting on Thursday, weak economic data exceeded expectations. As the center of the BritishRead More →
© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Tuesday, bouncing off a two-year low, ahead of a Federal Reserve meeting and amid hopes for prompt delivery of the next U.S. fiscal rescue package. At 3:10 AM ET (0710 GMT), the Dollar Index,Read More →
© Reuters. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s main indexes were set open lowerRead More →
Nobody expects any policy changes when European Central Bank big shots meet Thursday, but Christine Lagarde could still drop some worthwhile hints about the path ahead. Indeed, economists at Bank of America contend market participants have largely ignored relatively hawkish minutes from the ECB’s December meeting, which showed worries amongRead More →
Japanese stocks edged higher Monday as investors looked for trading clues ahead the Bank of Japan’s start to its two-day policy meeting. The earnings season in Japan is also set to start later this week. The Nikkei was up 56 points in early trading, with the U.S. dollar trading atRead More →
© Reuters. Investing.com – Shareholders of Australia-listed Westpac Banking Corp (ASX:) will gather at an annual general meeting on Thursday as the bank faces a money laundering scandal. The bank is likely to suffer a protest vote on pay that would trigger a second ‘strike’ and a vote on whetherRead More →
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 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 →
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 →
President Donald Trump went on a Twitter tirade late Wednesday, tweeting photos of House Speaker Nancy Pelosi that were taken during a contentious White House meeting that saw top Democrats eventually walk out on the president. Democratic leaders, including Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., said theyRead More →
© Reuters. FILE PHOTO: UAW workers strike at the Bowling Green facility DETROIT (Reuters) – The union representing the 48,000 workers who have been striking General Motors Co (N:) for about a month have scheduled a meeting on Thursday to update the leaders of the various union locals from aroundRead More →
© Reuters. FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose WASHINGTON (Reuters) – U.S. state attorneys general investigating Facebook Inc (NASDAQ:) for alleged anti-competitive practices met on Monday with officials of the Justice Department and the Federal Trade Commission, NewRead More →
European stocks inched up Thursday, boosted by hopes for monetary policy stimulus from an important European Central Bank meeting, plus encouraging signals from the U.S.-China trade tussle. The Stoxx Europe 600 SXXP, -0.06% rose less than a percent to 389.88. Stocks in the mining, apparel, beverages and tobacco sectors wereRead More →
The chances of a deeper oil production cut by the Organization of the Petroleum Exporting Countries and their allies has seen a significant uptick in just the last couple of days, as the group known as OPEC+ readies for meeting on the sidelines of the World Energy Congress in AbuRead More →
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 →
© Reuters. Traders work on the floor at the NYSE in New York By Shreyashi Sanyal (Reuters) – U.S. stocks dropped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into optimismRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Shreyashi Sanyal (Reuters) – U.S. stocks retreated from record highs on Monday, weighed by technology shares ahead of high profile earnings including that of Apple, which will test the impact of trade tensions on global growth,Read More →
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 markets were down in early trading Monday, ahead of an expected rate cut by the Fed later this week. High-level trade talks between the U.S. and China are also scheduled to resume this week for the first time since early May, but expectations of a major breakthrough are low.Read More →
Asian markets retreated in early trading Friday, as the G-20 summit kicked off in Japan. President Donald Trump met with the leaders of Japan, Germany and India on the sidelines of the G-20 meeting in Osaka, Japan, and said he was optimistic about making trade deals with all three ofRead More →
Asian markets gained in early trading Thursday, as investors focused on optimistic signs ahead of Saturday’s meeting between Presidents Donald Trump and Xi Jinping at the G-20 summit. The meeting is undoubtedly the economic highlight of the summit, held in Osaka, Japan, on Friday and Saturday. Investors hope that theRead More →
Major Asian stock markets declined Tuesday as traders looked ahead to a meeting between the American and Chinese presidents amid hopes for renewed trade talks. The leaders of the U.S. and China are expected to meet on the sidelines of the G-20 meeting in Osaka, Japan. Trade negotiators from theRead More →
Stock-market bulls might find their summer riding on what happens when President Donald Trump and Chinese leader Xi Jinping meet at the Group of 20 summit in Japan next weekend. Skeptics argue that investors, after spending May in a painful reassessment of the U.S.-China trade fight, have become complacent onceRead More →
