Tighter US crude inventories bullish for BRENT
US crude oil inventories declined last week. Will the BRENT rise?
The crude oil output is set to be cut by 500,000 barrels per day starting in January by the Organization of the Petroleum Exporting Countries and other major producers, including...
Dollar weakening slowed
US stocks snapped three session winning streak on Monday ahead of Federal Reserve’s last policy meeting this year. Trade uncertainty remains high as “phase one” deal has not been reached ahead of December 15 deadline for 15% import duties on $156 billion of annual...
Dollar weakening slowed
US stocks resumed advancing after three session decline on Wednesday buoyed by report US and China are making progress toward phase one deal. The S&P 500 rose 0.6% to 3112.76. The Dow Jones industrial average advanced 0.5% to 27649.78. Nasdaq gained 0.5% to 8566.67...
Dollar strengthening halted
US stocks rally continued on Tuesday as market sentiment was boosted by positive assessment of the economy from Federal Reserve Chairman Jerome Powell despite mixed data. The S&P 500 rose 0.2% to new record 3140.52. The Dow Jones industrial average gained 0.2% to...
Dollar strengthening accelerated
US stocks recorded third session of bearish trading on Thursday despite news Vice Premier Liu He invited his US counterparts for more talks in Beijing - the passage of Hong Kong human rights bill at both US Senate and House notwithstanding. The S&P 500 slid...
Dollar weakening intact
US stocks ended solidly higher on Friday despite mixed data. The S&P 500 advanced 1.0% to fresh record 3120.46, booking 0.9% weekly gain. Dow Jones industrial rose 0.8% to 278004.89. The Nasdaq added 0.7% to 8540.83. The dollar weakening was intact as retail sales...
Dollar weakening halts
US stocks pulled back on Tuesday after weak earnings reports. The S&P 500 lost 0.4% to 2995.99. The Dow Jones industrial average slid 0.2% to 26788.10 as heavy losses from McDonald’s and Travelers on earnings misses outweighed United Technologies and Procter & Gamble...
Dollar strengthening resumes despite weak manufacturing data
US stocks recovered most of Friday losses on Monday after reports White House wasn’t considering blocking Chinese companies from “listing shares on U.S. stock exchanges at this time.” The S&P 500 finished 0.5% higher at 2976.74. Dow...
Dollar jumped on strong home sales data
US stocks resumed advancing on Wednesday after President Donald Trump said that a US-China trade deal could happen “sooner than you think.” The S&P 500 rose 0.6% to 2984.87. The Dow Jones industrial average advanced 0.6% to 26970.70. Nasdaq rallied...
Dollar strengthening resumes
US stocks pulled back on Friday as President Trump said he wanted a complete trade deal with the China, not just an agreement for China to buy more US agricultural goods. The S&P 500 slid 0.5% to 2991.90, falling 0.5% for the week. Dow Jones industrial lost 0.6%...
Dollar inched up after stronger than expected ADP report
US stock indexes advance accelerated on Thursday after China’s commerce ministry statement China and US had set a tentative date for “early October” meeting for trade negotiations. The S&P 500 gained 1.3% to 2975.98. The Dow Jones...
Dollar strengthening continues as tariffs kick in
US stock indexes markets will reopen today after Labor Day holiday. Futures on US stock indices point to lower opening today. Equities ended the month lower. The S&P 500 finished August 1.8% lower. Dow Jones industrial lost 1.7%. The Nasdaq...
Dollar weakens as home prices gain slows
US stock indexes pulled back on Tuesday as Treasury yield curve inversion deepened with 30-year yields slipping below those on three-month notes. The S&P 500 slid 0.3% to 2869.16. Dow Jones industrial lost 0.5% to 25777.90. The Nasdaq retreated 0.3%...
SP500 slips while Dow gains after weak manufacturing data
US stock indexes ended mixed on Thursday after weak manufacturing data as longer term bond yields dipped below short term debt yields, spurring recession fears. The S&P 500 slipped 0.05% to 2922.95. The Dow Jones industrial average...
Dollar weakens as manufacturing slows
US stock indexes relinquished early gains on Thursday after President Trump tweeted US will impose a 10% tariff on $300 billion of Chinese imports from September 1. The S&P 500 lost 0.9% to 2953.56. The Dow Jones industrial average fell 1.1% to...
Dollar strengthens on improving consumer sentiment
US stock market advance paused on Friday as steep interest rate cut expectations moderated after New York Fed said Williams’ comments about need to ‘act quickly’ referred to his academic research and not upcoming Federal Reserve meeting. The...
Dollar weakening accelerated after Williams’ comments
US stock market rebounded on Thursday as New York Fed President John Williams said the most effective strategy for the Federal Reserve is to cut rates at the first sign of trouble with benchmark interest rate so close to zero. The S&P 500...
Dollar strengthening accelerated as wholesale inflation slowed
US stock market advance accelerated on Friday as Powell’s testimony reaffirmed expectations of a Fed rate cut at the end of month. The S&P 500 gained 0.5% to 3013.75, adding 0.8% for the week. Dow Jones industrial rallied 0.9% to...
Dollar strengthens ahead of June jobs report
US stock market will reopen today after Independence Day holiday. All three main US indexes logged record high closings on Wednesday. Futures on three main US stock indices indicate higher openings today. The dollar declined yesterday: the live...
DJI and Nasdaq join SP500’s record spree
US stock market closed at record on Wednesday in a short session ahead of July 4 holiday. The S&P 500 rose 0.8% to record 2995.82. The Dow Jones industrial average gained 0.7% to record high 26966. Nasdaq composite index advanced 0.8% to record...
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