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
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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
On the Monthly chart, the most important bars are those of AUG2015, and JAN2016. Both are huge bearish bars each one with a range of almost a typical Yearly bar. AUG2015 was an attempt to take out the low of year 2014, and took out the major LLBH (Last Low Before High) made on OCT2014. Read More
Global oil prices have risen for the fourth straight day, with US prices jumping after a government report predicted a drop in US shale-oil production. West Texas Intermediate for May delivery, the benchmark Dow Futures contract, added US$ 1.38 (NZD$ 1.04) to close at US$ 53.29 a barrel on the New York Mercantile Exchange on Read More
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New York (AFP) – Global oil prices rose for the fourth straight day Tuesday, with US prices jumping after a government report predicted a drop in US shale-oil production. West Texas Intermediate for May delivery, the benchmark Dow Futures contract, added $ 1.38 to close at $ 53.29 a barrel on the New York Mercantile Read More
WASHINGTON: US retail sales rose in March for the first time since late last year as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary. The Commerce Department’s fairly sturdy report on Tuesday together with other data showing producer inflation crept up Read More
* JPMorgan rises in premarket after results * Norfolk Southern gives weak outlook, shares fall * Nokia in talks to buy Alcatel-Lucent * Futures: Dow down 3 pts, S&P down 2 pts, Nasdaq up 1.5 pt (Updates with Wells results, retail sales data) By Ryan Vlastelica NEW YORK, April 14 (Reuters) – Dow Futures pointed Read More