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
NEW YORK: Oil prices fell more than 2 per cent on Monday as data pointed to fresh US crude builds, while leading banks in commodities said the two-month long oil market rebound has defied fundamentals. A Reuters poll forecast a nationwide US crude build of 2.3 million barrels last week, a third straight week of such builds. Market intelligence firm Genscape reported that stockpiles at the Cushing, Oklahoma delivery point alone rose by over 1.5 million barrels in the week to April 22, traders said.
TOKYO: Asian shares held firm and US stock futures edged higher in early trade on Friday as expectations of additional stimulus from the European Central Bank underpinned appetite for riskier assets, while the euro hovered near seven-month lows. Benchmark share indexes in Japan, South Korea and Australia all rose around 0.2 per cent, though the broadest index of Asia-Pacific shares outside of Japan was almost flat due to the dollar's strength. US stock futures rose 0.4 per cent to their highest level since Nov. 9 after a market holiday on Thursday for Thanksgiving Day.
Brent crude oil rose above US$110 per barrel on Tuesday, pulling its premium above U.S. light crude to the widest in six months, after news of a deterioration in relations between the United States and key OPEC oil producer Saudi Arabia.
A source close to Saudi policy said Riyadh would make a “major shift” in dealings with the United States in protest at Washington’s perceived inaction over the Syria war and its overtures to Iran.
Oil prices edged higher on Monday in light trading volumes, with gains capped by China's latest bid to cool down its booming economy, traders said.New York's main futures contract, light sweet crude for delivery in March, added 14 cents to 74.27 dollars a barrel.Brent North Sea crude for March delivery rose by just five cents to 72.95 dollars a barrel at 1245 GMT.Trading activity was subdued amid holidays across much of Asia, including China, and in the United States.