On Wall Street in the week ahead, market participants’ focus will be on the US Federal Reserve’s two day monetary policy meeting starting September 17. The US central bank is widely expected to slash interest rates for the first time since 2020. Following the Fed monetary policy committee’s decision on interest rates, Chair Jerome Powell … Read more
International crude oil prices crashed to a 33-month low (near a three-year low) on Tuesday, September 10, with the benchmark Brent crude futures sinking below $70 a barrel for the first time since December 2021. This came shortly after the Organisation of Petroleum Exporting Countries and its allies (OPEC+) slashed its global oil demand forecast … Read more
After Friday’s rout on Wall Street due to disappointing jobs data, in the week ahead investors will have three major economic reports to watch closely. A jobs report released by the US Labor Department on Friday showed a continued slowdown in the labor market. Next week, the economic calendar will feature reports on the consumer … Read more
On Wall Street in the week ahead, investors will have a plenty of economic data to look forward to, with the spotlight on the jobs market data and the manufacturing PMI report. As this month the US Federal Reserve’s monetary policy meeting is slated to be held, the non-farm payrolls data for August can provide … Read more
Crude oil prices rose by more than a dollar a barrel on Thursday, August 29, as supply disruptions in Libya and plans to lower output in Iraq raised concerns of a tightening market. More than half of Libya’s oil production—nearly 70,000 barrels per day—was offline today, and exports were halted at several ports amid a … Read more
International crude oil prices snapped their three-day winning streak and fell around two per cent on Tuesday, August 27. Worries that slower economic growth in the US and China could reduce energy demand dragged prices down, especially after they surged over seven per cent in the prior three days. Brent futures last fell $1.31, or … Read more
Focus of Wall Street investors’ in the week ahead will be primarily on the Jackson Hole Economic Symposium to be held from August 22 to 24 inWyoming. Global central bank officials, including Federal Reserve Chair Jerome Powell, will speak at the symposium. The event will also see the participation from economists, financial market leaders and … Read more
After the rout in stock markets last week, Wall Street investors’ attention in the week ahead will be on inflation readings with the Producer Price Index and the Consumer Price Index data slated to be released on Tuesday and Wednesday, respectively. The week ahead will also see some more significant economic data including retail sales … Read more
Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut interest rates as early as September eased demand concerns, while fears of a widening Middle East conflict continue to raise supply risks. Brent crude futures settled 50 cents up, … Read more
After a weak jobs report stoked fears of US economic recession last week, Wall Street investors will stay cautious and closely watch the upcoming economic data in the week ahead. A report on Friday showed hiring by US employers slowed in July by much more than economists had expected. Next week, reports on US services … Read more