Overnight News from World Outlets
people47 Members       flag(0)
Overnight News from World Outlets ...
Media Relations posted an update in OVERNIGHT MEDIA DIGEST
Trump says the U.S. is "locked and loaded."
"We have never seen a supply disruption and price response like this in the oil market. Political-risk premiums are now back on the oil-market agenda."
Brent has reopened for trading, and in the aftermath of Saturday's attack on the "world's most important oil processing plant", exploded some 19% higher, its biggest jump since 1991.
If it was Powell's intention to have the S&P trade at an all time when he cuts rates by another 25bps next Thursday, well he achieved it.
Markets have faded the latest trade talk developments which saw both the US and China express goodwill to each other in the overnight session, with attention now firmly focused on what the ECB will do.
Investors drew encouragement from China's decision to exempt some U.S. products from a recent round of tariffs.
Michael Lile has joined OVERNIGHT MEDIA DIGEST
US equity futures were flat in an oddly quiet session, failing to be inspired by a ramp in European and Asian stocks, after China waived tariffs on a variety of US goods.
The unsolicited offer is contingent on the LSE dropping its acquisition of data company Refinitiv
Same shit, different day.
"There has been a tremendous rally in bonds and the central banks are the key determinant of what’s going to happen with the rates market."
US equity futures and global stocks were drifting rangebound ahead of today's key payrolls data and Powell speech, when news of a targeted and broad RRR stimulus from China just after 5am ET helped cap a strong week for global markets.
Trade talks off, trade talks on.
Kevin Carmichael: Bank constrained in taking out insurance against a global downturn by elevated levels of household debt
Just one day after stocks tumbled on concerns of an imminent economic recession when the US Manufacturing ISM tumbled below 50 for the first time in 3 years, all fears appeared to evaporate this morning
Hong Kong Chief Executive Carrie Lam will reportedly withdraw the proposed extradition bill later on Wednesday.
The September rollercoaster has started early.
For the second day in a row, global markets and US equity futures are a sea of green with stocks pushing higher as trade headlines bathe algos in a sea of trade optimism ahead of month end.
It is a sea of green across global markets as European stocks and US equity futures rallied sharply and Asian shares pared earlier declines, after after comments from China that Beijing is in "effective contact" with the US on trade.
"Hope gave way to pragmatic realism about the outlook for the China-U.S. trade dispute. The market is still trying to get a feel for where it’s at and what it thinks as we get closer to the deadline for the tariffs this week."
"As the late cycle continues, markets will likely remain sensitive to the daily news flow, with many letting headlines drive short-term decisions."
The drug maker will appeal the ruling.
Another week of lower lows and lower highs among cannabis issuers signals continuing weakness as the continued geopolitical vandalism of Trump's open mouth precludes any joint solution from the G7 summit.
Traders went to bed last night with S&P futures down 30 points from their Friday close. They woke up to futures 30 points higher following a series of lies from the US president.
The industrialist and libertarian used his fortune to transform American politics while also donating more than US$1 billion to philanthropic causes
Global stocks, US equity futures, and the dollar rose on Friday ahead of a much anticipated speech by Jerome Powell which the market hopes will provide clarity on whether the Fed will deliver another interest rate cut in three weeks.
US equity futures drifted as uncertainty over the outlook for interest rate cuts following the release of the FOMC minutes kept investors on edge, while few traders were willing to trade in size with the Jackson Hole meeting set to begin.
The bank says it will now pay a quarterly dividend of $1.05 per share, up three cents or three per cent.
Yesterday's market selloff is a distant memory this morning, as US equity futures trade sharply higher tracking European stocks as hopes for more monetary and fiscal stimulus helped ease fears about global recession.
One day after a torrid relief rally, equity futures treaded water on Tuesday as investors paused after a three-day run that was driven by hopes that major economies would engage in fiscal stimulus to counter a slowing global economy.
Get the best of 8020 Stocks delivered to your inbox