U.S Markets opened lower as investors analyzed earnings reports and data showing stagnating consumer spending with inflation remaining unchanged for the month of March. According to the Commerce Department, Personal consumption expenditures price index, excluding the volatile food and energy components, increased 0.1% March after an upward-revised increase of 0.2% in February. Peter Cardillo, chief Read More
Author: Nick Jason
Wall Street opened down on Thursday morning following the decision by Bank of Japan (BOJ) to not increase interest rates. While global demand remains and the Japanese yen remain stable, investors were surprised at the news. The announcement comes just a day after the U.S. Fed’s decision to hold steady on interest rates. The Japanese Read More
U.S Stocks were set for a dull week as investors raised concerns over the Federal Meeting that may influence the future of interest rates. Futures for the Dow Jones declined following the renewed selloff in oil futures CLM6, down 0.98%. Dow futures declined 22 points or 0.1%, to 17,895. S&P 500 index ESM6, was down 0.30% or 2.75 points, Read More
After a dull Monday for the Oil sector where the Doha talks bred no agreement, US stock futures opened high Tuesday. An economic report revealed a weakness in housing statistics for March. Healthy news from the Dow components Johnson & Johnson and UnitedHealth Group Inc. spurred a soar in premarket after the release of their quarterly earnings. Goldman Sachs Read More
Oil prices declined on Monday in the wake of failed OPEC meeting talks. The failed talks about freezing output halted a bounce in crude prices that increased the ruble highest the strongest since November 2015 reducing pressure on Russian economy as it battles the second year of recession. THE GULF Elsewhere, the Persian Gulf markets Read More