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Crude oil is now influenced more by the stock market than by its own inventory levels or demand patterns. Lately, that lockstep has reached an extreme, with the
WASHINGTON: The number of Americans filing new claims for jobless benefits jumped unexpectedly last week to the highest level in six months, the government said on Thursday, adding
As expected, the Fed kept its benchmark rates unchanged and adopted a more dovish tone in its press release by downgraded its US economic outlook The phrase “for
Only 7 (One German, One Greek and 5 Spanish Cajas) of the 91 banks that went through the stress test will need to be recapitalized by EUR3bn. The
[Exane] The Bank of Korea (BOK) raised its policy rate by 25 bp to 2.25%, after keeping a record low rate for 16 consecutive months. The timing of
HONG KONG – The International Monetary Fund (IMF) yesterday raised its global growth forecast for this year even as it warned of renewed financial turbulence stemming from a
Last night, Stocks surged, sending U.S. benchmark indexes up the most since May, while the dollar and Treasuries slid as growth in American retail sales bolstered optimism in
SINGAPORE/HONG KONG, May 25 (Reuters) – Private banks are recommending that clients allocate more money to hedge funds, in particular event-driven funds that will benefit from an expected
Source: UOBAM Equity markets appeared to be stabilising last week with the €750 billion rescue package announced for the peripheral Eurozone economies but the unexpected ban on short
May 10 (Bloomberg) — Stocks rallied around the world, sending the MSCI World Index up the most in 13 months, while Greek, Spanish and Portuguese bonds soared after
