US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …
Read More »US Stocks Decline Amid Anticipation of NFP Report
US stocks are declining due to the anticipation of jobs data, considered the most important on the economic calendar for the month, after initial indicators highlighted a slowdown in job growth and a rise in unemployment levels in the United States.The Dow Jones Industrial Average fell to 44,848 points, losing …
Read More »Oil Prices Climb Over 1% as Storm Hits Florida and Middle East Tensions Loom
Oil prices rose by more than 1% on Thursday, driven by heightened fuel demand as Hurricane Milton struck Florida, and concerns over potential supply disruptions in the Middle East. Brent crude futures increased by $1.01, or 1.3%, to $77.59 per barrel by 11:08 GMT, while U.S. West Texas Intermediate (WTI) …
Read More »Oil Prices Surge as Middle East Tensions Raise Supply Concerns
Oil prices extended their rally on Monday, with Brent crude approaching $80 a barrel. This follows last week’s sharpest weekly increase since early 2023, fueled by fears of an escalating Middle East conflict that could disrupt exports from the region. As of 0839 GMT, Brent crude futures rose by $1.11, …
Read More »Oil Prices Hold Steady Amid Middle East Tensions, Heading for Weekly Gains
Oil prices were relatively unchanged on Friday but remained on track for significant weekly gains as investors balanced the risks of potential supply disruptions due to escalating tensions in the Middle East against a well-supplied global oil market. As of 04:15 GMT, Brent crude futures slipped by 8 cents to …
Read More »Oil Prices Climb Amid Middle East Conflict Despite Rising U.S. Crude Inventories
Oil prices surged on Thursday as escalating tensions in the Middle East raised concerns about potential disruptions to crude flows from the key exporting region. Despite a rise in U.S. crude inventories, the threat of a widening conflict overshadowed the stronger global supply outlook. By 06:15 GMT, Brent crude futures …
Read More »Oil Prices Boost US stocks
New York Stock Exchange is experiencing a volatile trading session, with Wall Street indices opening lower amid escalating tensions in the Middle East, fueled by ongoing Israeli military operations in southern Lebanon. Economic data released on U.S. labor market conditions indicated a continued improvement in job growth, a trend the …
Read More »US stocks trading flat post ADP data
US stocks were little changed on Wednesday as investors looked to data that signaled more cooling in the labor market. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all traded flat after the gauges closed Tuesday mixed.On Wednesday, fresh signs of softening in the labour market were brought …
Read More »Dallas Fed Survey: Business Conditions Worsened in October
The general business activity index in the Dallas Fed’s Texas Manufacturing Outlook Survey (TMOS) decreased by 1.1 points in October, marking the second consecutive month of declines. However, the production index showed growth in Texas factory activity after four months in negative territory. The capacity utilization index also showed a …
Read More »Will NFP report tip the scales on the Fed’s decision in May?
Friday’s awaited report will be the final NFP data immediately before the next Fed meeting in early May, where traders are currently split between expecting a 25bps and a 50bps rate hike.It is like a problematic monetary policy riddle; how can a central bank raise interest rates, but be further …
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