Page 153 - Texas Intermediate News Today

(Bloomberg) — Stock traders decided to take some chips off the table at the start of a week that will bring the Federal Reserve’s preferred inflation measure — on a day when markets will be closed. Equities pulled back after a rally that drove the S&P 500 to multiple records, spurring speculation the market has…

Oil futures rose on geopolitical unrest and signs that OPEC+ will stick with current output cuts when delegates hold a review session next week.

The S&ampamp;P 500 topped 5,200 after the U.S. Federal Reserve signalled it’s on track to cut interest rates. Find out more.

Asian markets were mixed Thursday after a tepid day on Wall Street, with traders looking forward to a string of US data that could help sway Federal Reserve officials ahead of their policy meeting next week. Asian traders also moved cautiously.

Oil prices dipped on Tuesday, settling slightly lower after a higher-than-expected forecast for US crude oil production and bearish economic data, but persistent geopolitical tensions limited declines.

(Bloomberg) — Stocks in Asia struggled for momentum as a rally in China took a breather and Toyota wage talks spurred bets that the Bank of Japan’s interest-rate hike is imminent.  Shares in mainland China slipped, with Country Garden Holdings Co.’s missed bond payment weighing on developers. The Hang Seng China Enterprises Index wavered on…

(Bloomberg) -- Oil advanced after four days of losses as an industry report pointed to shrinking US crude stockpiles, offsetting wavering OPEC cuts.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapOne of the Most Infamous Trades on Wall Street Is Roaring BackEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryChina Has Never Canceled This Many Shipments of US WheatUS Core Inflation Tops Forecasts Again, Reinforcing Fed CautionWest Texas Intermed

Asian markets mostly rose in line with Wall Street on Wednesday as forecast-beating US inflation data did little to dent expectations that the Federal Reserve will begin cutting interest rates this year.

Oil dipped as signs of stubborn US inflation whipsawed wider markets and OPEC said its latest supply cuts stalled.

Oil prices rose on Wednesday on expectations of strong global demand, including in the worlds top consumer the United States, and as even somewhat sticky U.S. inflation did not dent expectations the... -March 12, 2024 at 08:30 pm EDT - MarketScreener