Wall Street Higher on Upbeat Earnings

U.S. stocks opened higher on Tuesday, as strong earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America. The Dow Jones Industrial Average .DJI rose 23.84 points, or 0.09%, at the open to 26,811.20. The S&P 500 .SPX opened higher by […]

The IMF Says US-China Trade War to Slow Down

The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved. The IMF said its latest World Economic Outlook projections show 2019 GDP growth at 3.0%, down from 3.2% […]

Oil Steady as Trade Optimism Fades

Oil prices steadied on Tuesday after two days of losses amid U.S.-China trade talks which have investors on edge, but OPEC said it hoped to balance markets beyond 2020 in a sign of possible further supply curbs. Brent crude LCOc1 fell 4 cents, or 0.07%, to $59.31 a barrel by 1230 GMT, while U.S. West […]

Gold Lower as Trade and Brexit Optimism Put Pressure

Gold traded lower on Tuesday as market participants awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note. Gold for December delivery on Comex GCZ19, -0.89% was off $6.50, or 0.4%, at $1,491.10 an ounce, while December silver SIZ19, -1.52% gave up 18.5 cents, or 1%, to trade at $17.525 […]

Pound Retraces Slightly on Brexit Caution

Sterling came off five-month highs and stocks traded sideways on Wednesday as the European Union and Britain sought to avert a disorderly Brexit before an EU summit on Thursday. Hopes of a breakthrough lifted markets on Tuesday, but investors turned more cautious after looking for a deal during the night that never came. Conflicting reports […]

Softer Dollar Pushes Oil Higher

Oil eased further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories. Prices gained some support due to signs from the Organization of the Petroleum Exporting Countries that further curbs to oil supply could come […]

US Import Prices Rise in September

U.S. import prices rose modestly in September and were lower for goods excluding oil, suggesting that imported inflation could remain subdued. The Labor Department said on Friday import prices increased 0.2% last month. Economists polled by Reuters had forecast import prices would be unchanged during the month. Data for August was revised to show import […]

Pound Rises on Brexit Deal Optimism

Sterling surged on Friday to a three-month high amid investor optimism about a last-minute Brexit deal between Britain and the European Union. Against the dollar the pound rose 1.8% to $1.2667, and against the euro was up 1.35% at €1.1452. The currency has rallied more than 3% since Thursday, its biggest two-day gain since before […]

US Equities Rise as US-China Trade Negotiations Start Day 2

U.S. stocks opened strongly on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases. The Dow Jones Industrial Average .DJI rose 197.53 points, or 0.75%, at the open to 26,694.20. The S&P 500 .SPX opened higher by 24.94 […]

Trump Says Trade Talks are Going Well

U.S. President Donald Trump said on Friday that U.S.-China trade talks were going well as the second day of top-level negotiations aimed at rolling back tensions between the world’s two largest economies begins. “Good things are happening at China Trade Talk Meeting. Warmer feelings than in recent past, more like the Old Days. I will […]