US futures were largely unchanged overnight, with a modest bounce after the European close driven by a feeble attempt to push oil higher, faded quickly and as of this moment the E-mini was hugging the flatline ahead of today's main event - the January payrolls, expected to print at 190K and 5.0% unemployment, however the whisper number - that required to push stocks higher - is well lower, at 150K (according to DB), as only a bad (in fact very bad) jobs number today will cement the Fed's relent and assure no more rate hikes in 2016 as the market now largely expects
By Bloomberg, James Regan and Netty Ismail Stocks rallied with commodities and the dollar weakened versus most peers amid speculation Federal Reserve policy will remain accommodative. Fading prospects for interest-rate cuts in Australia and New Zealand boosted their currencies. Raw-materials producers led gains on the MSCI All Country World Index as US equity index futures rose. The Bloomberg Dollar Spot Index extended Monday’s retreat from a seven-month high after reports showed New York manufacturing unexpectedly shrank and U.S. factory output barely grew.
U.S. stocks moved slightly higher in early trading Monday, holding up better than many expected in the wake of the terrorist attacks in Paris. European markets shook off an early loss and were mixed in afternoon trading there.
TOKYO: Asian shares edged down on Monday and the dollar marked fresh highs after Federal Reserve chief Janet Yellen suggested that an interest rate hike could be around the corner.
The US central bank should raise interest rates "in the coming months" if economic growth picks up and the labour market continues to improve, Yellen said on Friday.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.25 per cent as markets pondered the Fed outlook.
LONDON — Oil rose on Monday after Canada’s most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, but caution among investors prevented a return to late April’s 2016 price highs.
The lost capacity is equivalent to well over a third of the country’s typical daily production, and almost all of Canada’s crude from oil sands is exported to the United States.
NEW YORK: U.S. and European stocks climbed on Monday after mixed U.S. economic data and slightly stronger-than-expected German factory activity, even as weak Chinese data dragged down Asian markets. While data showed U.S. manufacturing activity slowed in October for a fourth month to a 2-1/2-year low, a rise in new orders offered hope. Also, construction spending rose in September to the highest in 7-1/2 years.
LONDON: Brent crude oil rose on Tuesday as strong European economic data and a year-on-year increase in Chinese crude imports outweighed concerns over Asia's economic growth and a global fuel glut. The euro zone economy grew faster than expected in the second quarter, data showed, with gross domestic product up 1.5 per cent year-on-year versus a previous reading of 1.2 per cent. German exports climbed 2.4 per cent in July on the month and imports grew by 2.2 per cent, both hitting their highest values on record.