The US dollar has had a strong month since President-elect Donald Trump's win in early November.
The greenback rose against most major developed and emerging market currencies and as of Friday is.. Business Insider
The Dow retreated from records as banks reversed course after days of big gains. Dow components Goldman Sachs gs and JPMorgan jpm ended the day lower alongside fellow banks Citigroup and Bank of.. Source: The Street -
Oil sweeps to a six-week high after OPEC agrees to cut crude output to clear a glut. As David Pollard reports, bond yields also rose on prospects that resulting inflationary pressures will lead to.. Source: Rumble -
Dec.02 -- Torsten Dennin, chief strategist at Tiberius Asset Management, discusses the outlook for commodities and market repositioning after the OPEC deal. He speaks with Anna Edwards on “Bloomberg.. Source: Bloomberg Global Business -
Submitted by Nick Cunningham via OilPrice.com,
If anyone is cheering the news of an OPEC deal* it is U.S. shale producers.* The OPEC agreement sent oil prices shooting up this week, with WTI and.. Zero Hedge
From the 316 rig trough in May, American oil drillers have added 161 to 477 - the* highest since January 2016. *The rising rig count continues to track lagged oil prices higher and *US crude production.. Zero Hedge
Not really surprising anyone, former Saudi Arabia oil inister Ali Al-Naimitold a forum in Washington that it *"remains to be seen" if the OPEC deal is successful, *noting that the "market is set to.. Zero Hedge
· Jobs Report to Give Federal Reserve Final Data Points (WSJ)
· Futures fall ahead of jobs report (Reuters)
· Obama to Block Second Chinese Deal on Security Concerns (BBG)
· Trump Exults in.. Zero Hedge
Did Jeff Gundlach do it again? Shortly after the DoubleLine manager told Reuters yesterday afternoon that the Trump rally is ending, that "stocks have peaked" and that it is "too late to buy the Trump.. Zero Hedge
Stocks had a mixed day on Thursday.
The Dow finished up, but the S&P 500 and the Nasdaq tumbled into the red.
The Nasdaq in particular got hit hard as shares of technology companies — including.. Business Insider
*Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.*
Fixed income, currencies, and commodities traders are back in the ascendancy on Wall Street.
The.. Business Insider
Going into the Algiers OPEC meeting in late September, the prevailing sentiment among the analyst community was that there is no way any deal will get done: after all there was no secret that the.. Zero Hedge
Shares of technology companies were down sharply across the board on Thursday as the Nasdaq Composite fell 68 points, or about 1.4%.
Some of the big losers at the time of publication.. Business Insider
BAGHDAD (AP) — The government of Iraq is hoping that a new OPEC deal will help the war-weary country generate enough revenue to help pay for its costly, 2-year-old fight against the Islamic State.. Seattle Times