Analysts at ETF Securities said oil ETFs now hold between 175m-180m barrels equivalent of WTI for delivery in May, the most active futures contract. This is about 30 per cent of combined open interest in May WTI on the New York Mercantile Exchange and Intercontinental Exchange, the main energy futures bourses. The Read More
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* Nike climbs in premarket after results, outlook * Biogen’s Alzheimer’s drug slows mental decline-study * Futures up: Dow 148 pts, S&P 15 pts, Nasdaq 36 pts (Adds quote, updates prices) By Chuck Mikolajczak March 20 (Reuters) – U.S. stocks were poised for a higher open on Friday, with the S&P 500 on track to Read More
LONDON (ShareCast) – Dow Futures climbed higher before the open on Friday, supported by a healthy gains in European markets as ‘Grexit’ fears receded on hopes the Greek government and the EU can work out a deal in Brussels. A joint statement by Greece and their EU counterparts said the country will submit a “full Read More
View photo . (Flickr/Niccolo Caranti)US stock futures are higher on the last day of a wild trading week. Near 8:00 a.m. ET, S&P 500 futures were up 9 points, Dow futures were up 117 points, and Nasdaq futures were up 22 points. The Dow and S&P 500 closed lower yesterday. It’s a quadruple witching day, Read More
* Futures up: Dow 88 pts, S&P 7.25 pts, Nasdaq 14.75 pts March 20 (Reuters) – Dow Futures climbed on Friday after a one-day pullback as investors were reassured by a reform pledge by Greece to its EU creditors that could help avert a cash crunch. * The benchmark S&P 500 index is on pace Read More
CHICAGO: US corn and soybean futures fell on Thursday, pressured by strength in the dollar that threatened to further chill already cool demand for US exports, traders said. “It was all about the US dollar today, as the night session gapped higher on big volume off Read More
CHICAGO: US soybean futures fell on Thursday on a mild profit-taking setback following a late rally on Wednesday, traders said. A firm dollar, which makes US commodities more expensive to overseas buyers, cast a bearish tone over agriculture futures. A sharp drop in the price of Read More
The Australian bond market is weaker as the rally in US Treasuries is reversed. Fixed-income assets rallied on Thursday after the US Federal Reserve indicated it might be slower to raise interest rates than previously expected. But some of that rally was unwound by Friday morning, with 10-year Australian futures prices following the direction of Read More
* Fed removes ‘patient’ but cuts economic projections * Lennar, Guess post strong quarterly earnings * Futures down: Dow 45 pts, S&P 6.5 pts, Nasdaq 4 pts (adds market moves, commentary) By Sinead Carew NEW YORK, March 19 (Reuters) – Dow Futures were down slightly on Thursday implying a lower opening for stocks after the Read More
* Futures: Dow off 14 pts, S&P off 2 pts, Nasdaq up 1.25 pts NEW YORK, March 19 (Reuters) – Dow Futures were little changed on Thursday after the Federal Reserve on Wednesday removed a reference to being “patient” on interest rates out of its policy statement but indicated that it was in no rush Read More