Author: iHub News
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Oil Futures Up
Oil futures edged higher following reports of a larger-than-expected crude inventories drawdown in the U.S. “U.S. crude oil inventories fell by 5.2 million barrels, which is larger than the market was expecting,” ING said, citing API data. “However, large builds were once again seen on the products side, with gasoline and distillate stocks increasing by…
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Neutral Bond Rates Higher
Investors could demand more compensation for the risk of owning long-term bonds given rising public debt and a more uncertain inflation outlook, BlackRock said. Markets are currently grappling with the prospect that neutral rates–the interest rate that neither stimulates nor restricts economic activity–could be settling higher following the Covid-19 pandemic. “We think neutral rates are…
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Euro-Dollar Exchange Rate ‘Looks Comfortable’
The euro-dollar exchange rate looks comfortable at current levels, sticking to a narrow range around 1.0930 and showing few signs of moving too far away from this mark so far this week, DZ Bank Research said. Until Thursday U.S. inflation data, EUR/USD “should hardly be able to be dissuaded from its sideways range” as focus…
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Stocks to Struggle as Inflation Print Looms
Stock index futures were mixed on Wednesday, as markets saw cautious trading ahead of the December inflation report on Thursday. Inflation and its impact on bond markets and the Federal Reserve’s monetary policy trajectory remains the primary focus for investors – at least until Friday, when some of the big banks will kick off the…
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US Futures Mixed, European Stocks Mostly Down
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Greggs PLC rose 9.4% and Alcon climbed 5.3%. On the other hand, Idorsia slipped…
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Top Company News of the Day: Hewlett Packard Enterprise, Boeing, Frasers Property, GDI, Walmart
Hewlett Packard Enterprise Strikes Big Deal for Juniper Networks The transaction marries two legacy tech providers seeking a leg up in AI. Boeing CEO Says Company Needs to Acknowledge ‘Our Mistake’ David Calhoun tells staff that Boeing needs to address fallout from the latest quality problem. Frasers Property Owners Could Sell Company as Part of…
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Nasdaq Recovers From Early Weakness But Dow, S&P 500 Close In The Red
Stocks moved mostly lower in early trading on Tuesday but regained ground over the course of the session. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq peeking above the unchanged line. The major averages finished the day mixed. While the Nasdaq inched up 13.94 points or 0.1…
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U.S. Trade Defecit Shrinks Unexpectedly
The Commerce Department released a report on Tuesday showing the U.S. trade deficit unexpectedly shrank in the month of November. The report said the trade deficit narrowed to $63.2 billion in November from a revised $64.5 billion in October. Economists had expected the trade deficit to widen to $65.0 billion from the $64.3 billion originally…
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U.S. Stocks May Move Back To The Downside In Early Trading
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after moving notably higher over the course of the previous session. Some trades may look to cash in on yesterday’s strong gains amid lingering uncertainty about the outlook for interest rates. While the Federal…
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Gold Higher, Base Metals Weaker Uranium Could Rise Even Higher
Base metals were weaker, while gold edged higher as market watchers awaited this week’s CPI data for more economic clarity. “Investors are awaiting the inflation print on Thursday, which we expect will bring more volatility to the base metals complex,” Sucden Financial said. Uranium prices could rise even higher on supply tightness , rising demand…