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Lower rates could boost housing stocks, but risks remain

1 hour ago DieselGasoil Comments Off on Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index .HGX is up about 30% Read More

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

7 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

‘Crazy inverted yield curve’ vexes Fed, with no clear resolution

23 hours ago DieselGasoil Comments Off on ‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
WASHINGTON (Reuters) – Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. REUTERS/Eduardo Munoz Called a “yield curve inversion,” this Read More

Argentina delays price freeze as oil sector warns of hit to investment, output

1 day ago DieselGasoil Comments Off on Argentina delays price freeze as oil sector warns of hit to investment, output
Buenos Aires — Argentina’s Energy Secretariat has delayed the enforcement of a 90-day freeze on diesel (gasoil) and gasoline prices that President Mauricio Macri proposed Wednesday, a move seen as appeasing the concerns of oil companies that it could slow drilling activity and production growth. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Scout24 to explore sale or spin-off of autos platform

3 days ago DieselGasoil Comments Off on Scout24 to explore sale or spin-off of autos platform
MUNICH (Reuters) – German classifieds group Scout24 (G24n.DE) said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns. FILE PHOTO: The headquarters of Scout24, an operator of digital marketplaces for real estate and Read More

Fed remains a target as economy falls short of Trump’s ambitious goals

5 days ago DieselGasoil Comments Off on Fed remains a target as economy falls short of Trump’s ambitious goals
WASHINGTON (Reuters) – It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured Read More

Can Huawei’s new OS make customers ditch Google’s Android?

1 week ago DieselGasoil Comments Off on Can Huawei’s new OS make customers ditch Google’s Android?
Huawei is expected to drop more details about its homegrown Hongmeng operating system at an upcoming conference. But is the world ready to ditch Android for an untested Chinese alternative? And is Google worried? A new Huawei phone equipped with the Hongmeng operating system could go on sale before the end of the year, the Read More

Mexico’s Vista sees oil production growth led by Argentina’s Vaca Muerta

1 week ago DieselGasoil Comments Off on Mexico’s Vista sees oil production growth led by Argentina’s Vaca Muerta
Buenos Aires — Mexico’s Vista Oil & Gas ramped up its total hydrocarbon production by 19% in the second quarter of 2019 year on year, led by rising oil output from Argentina’s Vaca Muerta shale play, where the independent company sees large potential for further growth, CEO Miguel Galuccio said Thursday. Not registered? Receive daily Read More

Saudis have few good options in talks with OPEC+ allies

1 week ago DieselGasoil Comments Off on Saudis have few good options in talks with OPEC+ allies
By Grant Smith and Javier Blas on 8/8/2019 LONDON (Bloomberg) –While Saudi Arabia and its allies may be considering all possible means to end the slump in oil prices, the options available to them are scarce. The world’s biggest crude exporters have already been laboring since the beginning of the year to shore up prices Read More

China data, steadying yuan lift futures

1 week ago DieselGasoil Comments Off on China data, steadying yuan lift futures
(Reuters) – U.S. stock index futures inched higher on Thursday as better-than-expected Chinese trade data and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More