Category: Latest News
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Five Market Themes to Watch This Week as Bond Yields and Fed Policy Stay in Focus
Government bond yields, Federal Reserve policy and US economic data are among the main issues facing investors this week, alongside corporate results that could provide further indications about consumer spending. Minutes from the Federal Reserve’s September meeting are due on Wednesday, while US services-sector data will offer an update on economic activity. Levi Strauss (NYSE:LEVI)…
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Oil Prices Fall as Middle East Exports Recover and G7 Releases Emergency Reserves
Oil prices moved lower in Asian trading on Monday as increased crude exports from the Middle East and plans by Group of Seven countries to release emergency reserves reduced some near-term supply concerns. At 03:00 ET (07:00 GMT), Brent crude futures for December delivery declined 0.6% to $101.62 a barrel, while November West Texas Intermediate…
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Gold Edges Higher as Weak US Jobs Data Reduces Fed Rate-Hike Expectations
Gold prices moved modestly higher on Monday following their largest weekly decline since June, as weaker US employment data reduced expectations for another Federal Reserve interest-rate increase. At 02:12 ET (06:12 GMT), XAU/USD rose 0.21% to $4,149.19 an ounce, while gold futures gained 0.4% to $4,176.97. Silver rose 1.6% to $61.36 an ounce and platinum…
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Aramco CEO Says Global Oil Inventories Remain Low Amid Hormuz Supply Risks
Saudi Aramco Chief Executive Amin Nasser said global oil inventories have fallen to “scarily thin” levels and that market pressures are likely to persist until the Strait of Hormuz fully reopens. Speaking at the Energy Intelligence Forum in London, Nasser said supply constraints were affecting both crude oil and refined products, with fuel prices recording…
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US Stock Futures Edge Lower as Investors Assess Rates, Middle East Developments and Oil Prices: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved slightly lower on Monday as investors assessed the outlook for Federal Reserve interest rates, developments in the Middle East and a decline in oil prices. At 02:58 ET (06:58 GMT), Dow futures were down 33 points, or 0.1%, while S&P 500 futures declined 9 points, or 0.1%. Nasdaq 100 futures also…
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Strategic Player in the Future of New Zealand Energy
New Zealand Energy CEO Toby Pierce discusses the company’s Taranaki production portfolio, Tariki gas storage project and upcoming growth milestones. Ricki: What happens when a depleted gas field gets a second life — not just as a source of energy, but as infrastructure designed to help secure an entire country’s energy supply? Today we’re looking…
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Oppenheimer Says AI Software Spending Is Shifting Towards Measurable Returns
Oppenheimer said enterprise artificial intelligence spending is moving from an experimentation phase towards a greater focus on return on investment, with businesses increasingly evaluating AI based on measurable financial and operational outcomes. According to the firm’s research, AI is becoming a recurring operating expense for companies, with chief financial officers assessing investment in the technology…
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JPMorgan Says Elevated Equity Positioning and Leverage Could Weigh on Stocks in Q4
JPMorgan said elevated equity positioning and leverage have returned to parts of the market, potentially creating a headwind for stocks during the fourth quarter. The bank said the current levels of positioning and leverage remain below those recorded earlier in the summer but have increased following a period of deleveraging. “Elevated equity positioning and leverage…
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Morgan Stanley Expects S&P 500 and Market Breadth Gap to Narrow
Morgan Stanley expects the gap between the S&P 500’s performance and weaker market breadth to narrow over the next month, with the direction of bond market volatility likely to influence how the adjustment develops. The bank said it expects the index and broader market participation to move towards each other if bond volatility remains elevated.…
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Adobe Forecasts 130% Surge in AI-Driven Retail Traffic During US Holiday Season
Adobe forecasts that traffic from artificial intelligence tools to US retail websites will increase 130% during the upcoming holiday shopping season, exceeding expected growth from paid search and social media referrals. AI-referred traffic is projected to rise 159% year over year on Thanksgiving, 95% on Black Friday and 88% on Cyber Monday, according to Adobe.…