Oil futures prices are below $38 but there is a glimmer of hope in EIA’s Short-Term Energy Outlook (STEO) released today–world consumption increased in November and supply fell.
Allianz Chief Economic Adviser Mohamed El-Erian said Thursday the new paradigm for financial markets in 2016 is divergence.
The world’s leading oil producers are preparing for the possibility of oil prices halving to $20 a barrel after a second day of financial market turmoil saw a fresh slide in crude, the lowest iron ore prices in a decade, and losses on global stock markets
Anglo American has suspended its dividend and announced plans to cut its workforce by 85,000 and dispose of more than half its mines in response to the plunging price of iron ore and other metals.
Oil fell to the lowest level in more than six years amid speculation that a record global glut will be prolonged after OPEC effectively abandoned its longtime strategy of limiting output to control prices.
China’s capital outflow accelerated in November, forcing the Chinese government to more aggressively prop up the yuan via interventions, according to an estimate from Capital Economics.
The Dow dropped 252 points on Thursday after the European Central Bank shocked investors by failing to deliver the dramatic stimulus moves they expected. The S&P 500 fell 1.4%, its worst day since late September, while the Nasdaq lost 1.7%.
Bill Gross has never hidden his dislike for central-bank stimulus. But in his latest investment outlook, the bond guru doubled down, calling central banks “casinos” that “print money as if they were manufacturing endless numbers of chips that they’ll neve
The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset manager’s investments.
The International Monetary Fund (IMF) has announced that Chinas currency, the yuan, will join the funds basket of reserve currencies.
The U.S. dollar is on steroids, and its not getting off them any time soon. Sounds great for America, but its a problem for stocks, and its one of the reasons Goldman Sachs thinks the market will barely budge in 2016.
China hopes stamp of approval will improve yuan’s desirability among investors and undermine hegemony of US dollar as global reserve currency
Asian stocks slipped and the yuan weakened after China reported a decline in industrial profits. The euro traded near a seven-month low as traders positioned for a divergence in the monetary policies of Europe and the U.S.
No holiday cheer for investors this year. In a research note out this week, Goldman Sachs’ top strategists predict that stocks will once again disappoint next year. Goldman predicts the S&P 500 will go nowhere in the coming year, ending 2016 at 2,100.
After treading water for much of 2015, the U.S. stock market will continue to trade sideways next year as interest rates rise faster than many investors expect, according to analysts from Goldman Sachs Group.
