Oil prices rose on Tuesday as market participants assessed the OPEC+ decision to cut production, which would reduce supplies in the market, against concerns about raising interest rates, which is likely to hurt demand. Investors are awaiting this week a group of reports about inflation, supply and demand in the …
Read More »Oil edges higher as tighter supply looms
After climbing for three weeks straight, oil prices increased little on Monday as anticipation of supply reductions from Saudi Arabia and other OPEC+ members outweighed worries about slowing global growth that would reduce demand for gasoline. After OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, …
Read More »U.S. stock futures hover near flatline amid key economic data
U.S. stock futures were largely steady on Monday as traders re-entered the market after the Easter weekend and faced a slew of important economic reports that might influence the direction of Federal Reserve monetary policy going forward. At 11:00 GMT, the Nasdaq 100 futures were down 16 points or 0.13%, …
Read More »Japan stocks closed higher, supported by global economic expectations
Japanese stocks rose at the close Monday, April 10, with the yen falling slightly, supported by hopes about the global economy’s ability to withstand rising inflation and raising interest rates, but stock movements were limited ahead of the first press conference of Bank of Japan Governor Kazuo Ueda. The Nikkei …
Read More »Oil rose in early Asian trading
Oil prices rose in early Asian trading on Monday, supported by expectations of production cuts targeted by OPEC + starting in May, but gains were limited by concerns about the global economic outlook. Brent crude futures rose 13 cents, or 0.2%, to $85.25 a barrel by 2356 GMT, while US …
Read More »What Does Wall Street Expect From Next Week’s Earnings, CPI Data?
Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …
Read More »US Nonfarm Payrolls rise by 236,000 in March
Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).
Read More »Japan’s Nikkei records slight gains amid the weakness of the yen
Japan’s Nikkei rose on Friday, trimming its weekly losses, as sentiment was boosted by a weaker yen and Wall Street closing higher overnight. The Nikkei index ended Friday’s trading, up 0.17 percent, at 27,518.31 points. However, it remained far from the high it recorded early in the session at 27,591.15 …
Read More »Latest data push US stocks higher ahead of NFP
In tumultuous trading on Thursday, the S&P 500 and Nasdaq gained, aided in part by a surge in Alphabet shares as investors anticipated new jobs data in the wake of recent indications of a slowing economy. Alphabet Inc. increased by 3.5%, and Microsoft increased by 2.2%, both of which contributed …
Read More »Dow futures largely flat; caution ahead of Friday’s payrolls data
In anticipation of the release of the much anticipated official employment data, investors remain hesitant about the state of the American economy and expect U.S. equities to begin Thursday with little change. At 11:00 GMT, the Nasdaq 100 Futures fell 35 points or 0.3%, the S&P 500 Futures traded 2 …
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