Financial Markets

Societe Generale Knocks $9 Off Brent, WTI Forecasts Made in November

Societe Generale slashed its outlooks for ICE Brent and NYMEX WTI crude prices by $9 each in a report published on Tuesday, pointing to “serious concerns” over global economic growth. Analysts Michael Wittner and Amandip Kaur said that the outlook for 2019 is Brent at $64.25 a barrel and WTI at $57.25 a barrel, drops of $9 each from forecasts […]

Asian Stock Markets Mostly Higher As China-US Trade Talks Continue

Asian stocks were mixed but mostly higher, as traders awaited news from ongoing trade talks between Beijing and Washington. Hong Kong and Tokyo finished in the green, Shanghai fell back, while other regional exchanges were similarly mixed. In Japan, the Nikkei 225 opened higher Tuesday and held its ground. The benchmark rose 165.07, or 0.82%, to 20,204.04, as gaining issues […]

Dow Jones Jumps Over 800 Points

By David Hodari and Corrie Driebusch *US Stock-Gains Accelerate in Afternoon Trading *DJIA Now Up 820 Points (3.6%) *S&P 500 Climbs 3.6%; Nasdaq Composite Rises 4.4% (Article below will update) U.S. stocks rose sharply Friday, bouncing back from their worst two-day start to a year since 2000, after a strong jobs report and signs that the Federal Reserve will be […]

Looking back on a wild year for oil prices

Looking back on a wild year for oil prices

Looking back on a wild year for oil prices For the oil market, 2018 has been a roller coaster ride. Ups and downs are always expected, but the twists and turns seen this year were exceptional by any standard. In January 2018, oil prices had climbed to multi-year highs, with the supply surplus finally ebbing, after several years of a […]

10 simple questions about the stock market plunge simply answered

10 simple questions about the stock market plunge simply answered

The stock market‘s gyrations have dominated headlines for a solid two weeks now, but things can‘t be as bad as they sound. Or can they? We looked at the numbers to put this crazy time period in context. 1. What‘s going on with the stock market? It‘s down a lot. For almost a decade after it bottomed out in March […]