Australian bond futures prices have rallied after the head of the US Federal Reserve gave no indication on whether the central bank would start hiking rates in June. The market had been hoping Dr Yellen would indicate a timeline for future rate hikes in the first half of her semi-annual testimony to Congress overnight. But Read More

Oil prices have slipped as traders estimated a key report will show another increase in US crude inventories that already are at record levels, exacerbating the global oversupply. US benchmark West Texas Intermediate for April delivery on Tuesday fell 17 US cents, closing at $ US49.28 a barrel. In London, Brent North Sea crude for Read More

* Fourth-quarter GDP growth revised downward * Consumer sentiment data on tap * J.C. Penney tumbles after earnings * Futures off: Dow 17 pts, S&P 3 pts, Nasdaq 5.5 pts (Adds data, quote) By Chuck Mikolajczak NEW YORK, Feb 27 (Reuters) – Dow Futures pointed to a flat open for Wall Street on Friday, with Read More

* GDP, consumer sentiment data on tap * J.C. Penney tumbles after earnings * Futures off: Dow 12 pts, S&P 3.25 pts, Nasdaq 4.75 pts By Chuck Mikolajczak NEW YORK, Feb 27 (Reuters) – Dow Futures were little changed on Friday, with major indexes on track for a fourth week of gains, ahead of readings Read More

Australian bond futures prices are mixed after US core inflation figures came in better than expected. Official US figures showed plunging petrol prices had pulled inflation down sharply in January. But core inflation, which excludes petrol and food, held steady at 1.6 per cent, fuelling hopes that inflation will not be a barrier to expected Read More

NEW YORK: US crude futures extended losses to more than 6 percent and fell more than $ 3 a barrel on Thursday in the last hour of trading ahead of settlement. Ample global supply and increasing U.S. commercial inventories weighed on prices after expectations for better Read More

CHICAGO: US soybean futures rose on Thursday on uncertainty over how long the Brazilian trucker strike will continue, which threatens to stall movement of freshly harvested soybeans onto the world market, traders and analysts said. Corn prices were also firm while wheat futures eased, pressured by more reminders that US wheat is less competitive in Read More

New York (AFP) – World oil prices fell sharply Thursday as the market appeared to do a double-take on the US oil inventories report showing US crude stockpiles hit a fresh record. The US benchmark, West Texas Intermediate for April, dived $ 2.82 to close at $ 48.17 a barrel on the New York Mercantile Read More

CHICAGO: US soybean futures fell on Wednesday, weighed by weak cash markets as well as a profit-taking setback after rallying to its highest in more than six weeks on Tuesday. Traders also said that hopes of a settlement to the truckers’ strike in Brazil pressured the Read More

* Initial claims climb in latest week * CPI posts biggest drop since 2008 * Durable goods orders top expectations * climbs after results, outlook * Futures: Dow off 12 pts, S&P 0.25 pt, Nasdaq up 6 pts (Adds quote, data) By Chuck Mikolajczak NEW YORK, Feb 26 (Reuters) – U.S. stocks were poised Read More