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Wall St. looks to Fed outlook Wednesday for early Christmas gift

8 hours ago DieselGasoil Comments Off on Wall St. looks to Fed outlook Wednesday for early Christmas gift
NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. FILE PHOTO: A Wall Street sign is seen outside the New York Stock Exchange Read More

U.S. core retail sales accelerate in November

17 hours ago DieselGasoil Comments Off on U.S. core retail sales accelerate in November
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. FILE PHOTO: Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson The Read More

Oil steadies below $53, little changed a week after OPEC+ cuts

19 hours ago DieselGasoil Comments Off on Oil steadies below $53, little changed a week after OPEC+ cuts
By Grant Smith and Sharon Cho on 12/14/2018 LONDON and SINGAPORE (Bloomberg) — Oil traded below $53/bbl in New York, little changed a week after OPEC and its allies announced substantial output cuts, as traders weighed an uncertain outlook for 2019.  Saudi Arabia’s plan to slash exports to the U.S. next month is shoring up Read More

Futures drop about 1 percent on global growth risks

19 hours ago DieselGasoil Comments Off on Futures drop about 1 percent on global growth risks
(Reuters) – U.S. stock index futures dropped about 0.8 percent on Friday, after weak economic data from China and Europe exacerbated global growth fears and added to unease over the ongoing trade dispute between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Weak economic data send world stocks tumbling

19 hours ago DieselGasoil Comments Off on Weak economic data send world stocks tumbling
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

World stocks tumble on weak economic data from China and Europe

22 hours ago DieselGasoil Comments Off on World stocks tumble on weak economic data from China and Europe
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

Asian shares jolted by grim Chinese data, growth risks

1 day ago DieselGasoil Comments Off on Asian shares jolted by grim Chinese data, growth risks
TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Read More

Oil prices edge up on hopes global supplies will tighten

1 day ago DieselGasoil Comments Off on Oil prices edge up on hopes global supplies will tighten
NEW YORK (Reuters) – Oil prices climbed more than 2 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought. Pumpjacks are seen against the setting sun at the Daqing oil field Read More

Saudis are said to target U.S. with sharp oil export cut

1 day ago DieselGasoil Comments Off on Saudis are said to target U.S. with sharp oil export cut
By Javier Blas and Tina Davis on 12/13/2018 LONDON and NEW YORK (Bloomberg) — After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories. American-based oil refiners have been told to Read More

Asian shares rally on U.S.-China trade thaw

2 days ago DieselGasoil Comments Off on Asian shares rally on U.S.-China trade thaw
SHANGHAI (Reuters) – Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Read More