New York oil prices approached six-year lows Tuesday on worries over growing US stockpiles and after OPEC warned of a stubborn global supply glut, analysts said. US benchmark West Texas Intermediate (WTI) for April delivery slid to $ 42.63 a barrel — touching the lowest level since March 11, 2009. It later stood at $ Read More
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* Futures down: Dow 49 pts, S&P 6.75 pts, Nasdaq 8.75 pts March 17 (Reuters) – S&P Futures were down on Tuesday after rallying on Monday ahead of a Federal Reserve meeting that investors are looking to for a guage on timing for an interest rate hike. * The Federal Open Market Committee is due Read More
Washington (AFP) – The US Commodity Futures Trading Commission on Monday slapped a $ 3 million fine on the ICE Futures US market for repeatedly reporting flawed data. The CFTC said that over at least a 20-month period, between October 2012 and May 2014, ICE US had filed inaccurate and incomplete reports and data every Read More
London (AFP) – New York oil prices sank to a six-year low on Monday, falling below $ 44 per barrel as the market was plagued by plentiful supplies and the strong dollar. In earlier deals, US benchmark West Texas Intermediate (WTI) for April delivery dived as low as $ 43.57 — hitting the lowest since Read More
LONDON (ShareCast) – US oil futures started the week on a very soft note, plumbing six-year lows despite what some observers described as a bullish report on Monday from the Organisation for Petroleum Exporting Countries (OPEC). As of 14:50 front month West Texas crude futures were lower by 3.28% to $ 43.38 per barrel on Read More
* Empire State manufacturing data miss estimates * Euro hits fresh 12-year low, oil falls * Futures up: Dow 96 pts, S&P 12.25 pts, Nasdaq 22.25 pts (Adds market moves, commentary) By Sinead Carew March 16 (Reuters) – S&P Futures were up on Monday, putting the benchmark S&P 500 on track for a rebound after Read More
* Empire State manufacturing, housing data due * Euro hits fresh 12-year low, oil falls * Futures up: Dow 63 pts, S&P 8 pts, Nasdaq 15 pts March 16 (Reuters) – S&P Futures were up on Monday after three weeks of losses for the Dow and S&P as investors awaited the release of manufacturing and Read More
NEW YORK: US stock index futures pointed to a modestly lower open on Friday as crude oil prices continued to fall, putting the S&P 500 on track for its third straight weekly decline. Markets have been volatile this week, with the S&P posting both its biggest Read More
The Australian bond market is weaker as a flat set of US producer inflation figures make an imminent American interest rate increase look less likely. However, futures markets still expect the US Federal Reserve to raise the key rate in 2015. But a 0.5 per cent decline during February in the US producer price index Read More
The US Justice Department is looking to fine four banks RBS (LSE: RBS.L – news) , Barclays (LSE: BARC.L – news) , Citigroup (NYSE: C – news) and JP Morgan Chase to settle accusations of criminal activity in the currency markets Royal Bank of Scotland and Barclays are facing penalties of about $ 1bn (£662m) Read More