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#PreMarket Primer: Wednesday, June 18: Interest Rates In Focus As Fed Meeting Comes To A Close
Wednesday, June 18, 2014 - 7:14am | 1398With the US Federal Reserve's policy meeting due to finish up on Wednesday afternoon, investors are chomping at the bit for any clues about the bank's future plans for raising interest rates. The bank is widely expected to stay the course with its tapering schedule and reduce its...
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#PreMarket Primer: Tuesday, June 10: Ukraine And Russia Reach A 'Mutual Understanding'
Tuesday, June 10, 2014 - 7:05am | 1109Newly Elected Ukrainian President Petro Poroshenko’s plans to return the nation to peace inched forward after two days of talks with Moscow over the nation’s divided eastern region. The Ukrainian Foreign Ministry said on Monday that the two sides had reached a “mutual...
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Brent Steady On Promising Global Appetite
Monday, June 9, 2014 - 8:29am | 327Brent crude oil was steady above $108 as encouraging data from the world’s top two consumers helped raise the global demand outlook. The commodity traded at $108.65 at 5:08 GMT with geopolitical tension in Libya and Ukraine keeping a floor under prices. Reuters reported that Chinese...
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Brent Set To Finish The Week On A Loss
Friday, June 6, 2014 - 8:12am | 362Brent looked poised to end the second week in a row on a loss as it hovered under $109 per barrel on Friday. The commodity traded at $108.95 at 8:20 GMT as tension in Ukraine looked to be easing and global supply increased. The situation in Ukraine has been making progress as the nation...
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#PreMarket Primer: Friday, June 6: Payrolls Data May Not Live Up To April's Performance
Friday, June 6, 2014 - 7:22am | 1107US non-farm payrolls data is expected to show a decline in job creation from April to May. However, May’s figures are still expected to be solid with 210,000 new jobs to have been created. April’s increase of 288,000 was the US’ strongest increase in over two years, but the...
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Brent Down To $108 On Ukrainian Peace Plan
Thursday, June 5, 2014 - 8:04am | 315Brent crude oil fell to a three week low early on Thursday after reports that Ukraine was moving in a more peaceful direction. The commodity traded at $108.18 at 7:35 GMT as the increasing global supply came into focus. Reuters reported that Western diplomats and Ukraine’s newly elected...
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Brent Prices Near $109 Ahead Of Inventory Data
Wednesday, June 4, 2014 - 7:58am | 388Brent crude oil was steady near $109 as investors anxiously awaited the European Central Bank policy meeting, scheduled for Thursday. The commodity traded at $108.95 at 6:15 GMT on Wednesday morning ahead of US stockpile data due out later in the day. The ECB meeting is a highlight on this...
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Brent Set To Finish The Month Above $110
Friday, May 30, 2014 - 7:27am | 333Brent was poised to finish the week above $110 as the commodity found support from a draw in US gasoline stocks and growing geopolitical tension around the world. The commodity shrugged off disappointing US economic figures and traded at $110.06 at 7:15 GMT on Friday morning. The US Commerce...
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Brent Above $110 On Improved Demand Outlook
Wednesday, May 28, 2014 - 8:03am | 450Brent crude oil made its way above $110 following better than expected US data released on Tuesday. The commodity traded at $110.21 at 6:20 GMT on Wednesday morning as the data suggested an improvement in global demand growth. Several important US economic releases came out on Tuesday, all...
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Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...
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Brent Pushes Higher On Supply Concerns
Tuesday, May 27, 2014 - 7:41am | 335Brent crude oil prices found renewed momentum on Tuesday as the conflict in Ukraine worsened despite the president-elect’s efforts to end the insurgency in the east through peaceful negotiation. Petro Poroshenko, voted in as the nation’s new president, said on Monday that he wanted to arrange...
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#PreMarket Primer: Tuesday, May 27: Hope Rises In Ukraine Despite Increased Fighting
Tuesday, May 27, 2014 - 7:29am | 1014Following the election of billionaire Petro Poroshenko as President of Ukraine, diplomatic tensions seemed to be easing as Moscow agreed to recognize the vote; marking a turning point for the region’s crisis. Poroshenko has indicated that he is willing to engage with Russia in order to end the...