Sep 5, 2024 | Markets
Brent trades near $73 a barrel after falling to 2023 lows US crude inventories dropped by 6.87 million barrels Oil fluctuated between gains and losses after risk-off sentiment in broader markets vied with an OPEC+ agreement to pause its planned crude production...
Sep 5, 2024 | Markets
Steel ingredient drops closer to $90 a ton amid oversupply Mills are losing money, people are pessimistic: GF Futures Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in...
Sep 4, 2024 | Markets
Major tech firms’ EPS growth was the slowest since late 2022 Morgan Stanley sees more downward earnings revisions coming China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that...
Sep 4, 2024 | Markets
End of September is historically worst two weeks for S&P 500 Buybacks power to fade, hedge funds can further cut exposure The stock market could be heading for correction if payrolls data comes in weak on Friday, according to Scott Rubner, managing director for...
Sep 4, 2024 | Markets
One-month implied US volatility rises with 50bps cut in play Slew of data is adding to picture of slowdown in US economy Bond traders are bracing for wilder market swings in the US than in Europe amid signs the world’s largest economy is faltering. A measure of...
Sep 4, 2024 | Markets
Shortfall in goods and services trade increased 7.9% in July Goods trade deficit with China widened to largest since 2022 The US trade deficit widened to a two-year high in July, fueled by a surge in imports of goods and partly reflecting stepped-up efforts by...
