adminBonds Sell Off as Traders Reprice Fed Rate Cuts: Markets Wrap
(Bloomberg) — A selloff in Treasuries strengthened the dollar and left equities mixed as new signs of economic vigor led traders to trim expectations for US rate cuts. Most Read…
Oil edges up, but on track for biggest weekly loss in over a month
By Florence Tan SINGAPORE (Reuters) – Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were…
Homebuilder confidence rises in October despite mortgage rates increasing
Homebuilders are feeling more confident about the housing market despite a recent sharp rise in mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index rose two…
Wall Street Dials Back Fed-Cut Bets on Solid Data: Markets Wrap
(Bloomberg) — The world’s biggest bond market got hit as a solid retail sales report had traders trimming their bets on Federal Reserve rate cuts this year. Most Read from…
Yellen to warn sweeping tariffs would ignite inflation, NYT reports
(Reuters) – The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech,…
Futures extend gains after economic data
(Reuters) – U.S. stock index futures extended gains on Thursday after a larger-than-expected rise in monthly retail sales pointed to a healthy U.S. consumer. Retail sales rose 0.4% in September…
Oil edges up from two-week lows as investors await US inventory data
By Florence Tan SINGAPORE (Reuters) -Oil prices edged higher on Thursday from two-week lows, with investors eyeing developments in the Middle East and more details on China's stimulus plans, as…
Turkey to Hold Interest Rates Steady to Slow Sticky Inflation
(Bloomberg) — Turkey’s central bank is expected to extend its interest-rate pause for a seventh straight month after September inflation data came in higher than expected. Most Read from Bloomberg…
Oil Edges Higher as Traders Weigh Middle East Risks, Supply Glut
(Bloomberg) — Oil inched up as traders weighed potential supply risks from the Middle East against a weak outlook for global demand. Most Read from Bloomberg West Texas Intermediate rose…
Oil company Phillips 66 says it will shut down Los Angeles-area refinery
LOS ANGELES (AP) — Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The refinery…
