Dow futures point to 150-point decline as sell-off looks set to continue in new week
U.S. stock futures fell as traders feared an intensifying trade war between the United States and China. As of 12:00 a.m. ET Monday, Dow Jones Industrial Average futures dropped 175 points, implying a decline of 151.95 points at Monday’s open....
Dow futures drop nearly 200 points as sell-off looks set to continue in new week
U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 197 points, implying a decline of 173.95 points at Monday’s open. S&P 500 and...
Wall Street is expecting a two-year pause in big media and telecom deals after a crazy 2018
The story of 2018 for media and telecommunications companies was simple: The world is changing, and now is the time to consolidate. AT&T closed its deal for Time Warner. Sprint and T-Mobile agreed to merge. Disney bought Fox, and Comcast...
Money manager debunks bear market fears, calls turmoil a ‘messy correction’
Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve...
Yield Curve Inversion and Global Slowdown Hammered Stocks, Not US-China Trade Talks
It was another volatile week with multiple theme working on the markets. US-China trade truce, arrest of Chinese business executive, stock market routs, treasury yield free fall, US yield curve inversion, weak economic data and global slow down, OPEC+ production...
Weekly Economic and Financial Commentary: Perfect Example of He Said, Xi Said
U.S. Review Despite Market Jitters, Fed to Raise Rates in December An ephemeral trade truce, the inversion of the front-end of the yield curve and a softer than expected jobs report fueled fears of the economy slowing. But, with economic...
The Weekly Bottom Line: See You in Spring, Rate Hikes
U.S. Highlights Data released this week remains consistent with the view that U.S. economy continues to expand at an above-trend pace. Although disappointing in terms of the headline, job gains were also consistent with an economy running near capacity. Furthermore,...
OPEC+ Agrees on Big Output Cut
OPEC+ agrees to cut production by 1.2mb/d, effectively bringing its production back to its level at the beginning of the year. The deal is set to last six months and to be reviewed in April. The outcome was about as...
OPEC+ Agrees to Overall Production Cuts to Counter Slower Demand Growth Next Year
The 175th OPEC Conference and the 5th ministerial meeting between OPEC and non-OPEC countries ended earlier today with participants agreeing to reduce overall production by 1.2 million barrels per day (mb/d), effective as of January 2019 and lasting for six...
Brexit to Dominate Agenda in Busy Week for FX
Remember in last week’s outlook, I pointed out that “next week is going to be very interesting in the markets,” and that how I repeat this statement every week? Well, there’s no way I am going to deviate from that...
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