LONDON (ShareCast) – US oil futures started the week on a very soft note, plumbing six-year lows despite what some observers described as a bullish report on Monday from the Organisation for Petroleum Exporting Countries (OPEC). As of 14:50 front month West Texas crude futures were lower by 3.28% to $ 43.38 per barrel on Read More
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London (AFP) – New York oil prices sank to a six-year low on Monday, falling below $ 44 per barrel as the market was plagued by plentiful supplies and the strong dollar. In earlier deals, US benchmark West Texas Intermediate (WTI) for April delivery dived as low as $ 43.57 — hitting the lowest since Read More
* Empire State manufacturing data miss estimates * Euro hits fresh 12-year low, oil falls * Futures up: Dow 96 pts, S&P 12.25 pts, Nasdaq 22.25 pts (Adds market moves, commentary) By Sinead Carew March 16 (Reuters) – Dow Futures were up on Monday, putting the benchmark S&P 500 on track for a rebound after Read More
* Empire State manufacturing, housing data due * Euro hits fresh 12-year low, oil falls * Futures up: Dow 63 pts, S&P 8 pts, Nasdaq 15 pts March 16 (Reuters) – Dow Futures were up on Monday after three weeks of losses for the Dow and S&P as investors awaited the release of manufacturing and Read More
NEW YORK: US stock index futures pointed to a modestly lower open on Friday as crude oil prices continued to fall, putting the S&P 500 on track for its third straight weekly decline. Markets have been volatile this week, with the S&P posting both its biggest Read More
The Australian bond market is weaker as a flat set of US producer inflation figures make an imminent American interest rate increase look less likely. However, futures markets still expect the US Federal Reserve to raise the key rate in 2015. But a 0.5 per cent decline during February in the US producer price index Read More
The US Justice Department is looking to fine four banks RBS (LSE: RBS.L – news) , Barclays (LSE: BARC.L – news) , Citigroup (NYSE: C – news) and JP Morgan Chase to settle accusations of criminal activity in the currency markets Royal Bank of Scotland and Barclays are facing penalties of about $ 1bn (£662m) Read More
SYDNEY: US wheat futures resumed their downward trend on Tuesday, edging lower after a spike in the previous session, as expectations of ample global supply weighed on prices. Corn fell, giving back nearly some of its gains from the previous session, while soybeans were little changed. Read More
CHICAGO: US wheat futures rose 1.4 percent to a one-week high on Wednesday, extending four-day gains to around 4 percent, supported by short-covering and concern about dry weather in US growing regions. Corn and soybeans also firmed, although renewed strength in the dollar capped rallies. At Read More
CHICAGO: US wheat futures rose 1.2 percent to a one-week high on Wednesday, extending four-day gains to nearly 4 percent on short-covering and concerns about dry weather in US growing regions. Corn and soybeans also firmed, although renewed strength in the dollar capped rallies. At the Read More