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Wall Street set for flat open after weak retail sales data

Posted on 14/02/2019 13:45:00 GMT

U.S. stocks were set to open flat on Thursday, as a sharp drop in retail sales in December overshadowed optimism over a breakthrough in the U.S.-China trade talks. Retail sales tumbled 1.2 percent in the last month of 2018, the commerce department said, the largest decline since September 2009 when [...]

Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

Posted on 12/02/2019 07:28:00 GMT

(Reuters) - Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check. U.S. West Texas Intermediate (WTI) crude oil futures were at $52.69 per barrel a [...]

Gold Prices Steady; U.S. Dollar Little Changed as Traders Await Further Trade News

Posted on 12/02/2019 07:29:00 GMT

Gold prices steadied on Tuesday in Asia while the U.S. dollar was near flat as traders assessed the latest news on the trade front. In futures trading, gold's benchmark April contract on the Comex division of the New York Mercantile Exchange was up 0.2%, at $1,314.85 per ounce by 1:47 AM ET (06:4 [...]

Wall St. opens higher on trade hopes, progress to avert government shutdown

Posted on 12/02/2019 14:06:00 GMT

(Reuters) - U.S. stocks opened higher on Tuesday, buoyed by a tentative deal reached by U.S. lawmakers to avoid another partial government shutdown and as the United States and China expressed optimism about the ongoing trade talks. The Dow Jones Industrial Average rose 98.92 points, or 0.39 perc [...]

Forex - Dollar Edges to New 2019 High As Europe Stumbles

Posted on 11/02/2019 08:43:00 GMT

The dollar edged upwards to a new high for 2019 in early trading in Europe Monday, as the slowdown in the euro zone showed signs of raising more political instability. At 03:10 AM ET (0810 GMT), the euro had fallen to $1.1317, as fears for the economy drive yields on safe assets to unattractively [...]

UK's May rejects pivot toward Brexit customs union compromise

Posted on 11/02/2019 12:03:00 GMT

LONDON (Reuters) - British Prime Minister Theresa May has rejected the idea of targeting a customs union with the European Union, pouring cold water on hopes from some that she could shift her Brexit policy to win over the opposition Labour Party. Britain is due to leave the EU on March 29 but ha [...]

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