US stocks were drifting on Friday as investors assessed economic data and corporate earnings. At 10:16 a.m. ET, the Dow Jones Industrial Average fell 101.48 points, or 0.24per cent, to 44,459.53, the S&P 500 lost 3.62 points, or 0.06per cent, to 6,115.09 and the Nasdaq Composite lost 17.56 points, or 0.09per cent, to 20,034.29. At…
On Wall Street, market participants will see the holiday-shortened but a busy week ahead. On Monday, markets will remain closed on account of Martin Luther King Jr. Day. As on Monday Donald Trump’s inauguration as US President is scheduled, investors will closely watch the executive orders of the new administration to be announced in the…
India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. In the first 10 months of 2024, India’s oil demand climbed 180,000 barrels per day (bpd), a 3.2% year-on-year rise, compared…
Crude oil prices began trade with a gain today as traders turned their attention to U.S. monetary policy and China’s latest move to accelerate growth through stimulus measures. At the time of writing Brent crude was trading at $72.57 per barrel, with West Texas Intermediate changing hands for $68.98 per barrel. The climb followed an…
After the strong November payrolls data, released last week, boosted hopes for an interest rate cut in December,the focus of investors in the week ahead will be on the consumer price inflation. The retail inflation data could provide clues on the US Federal Reserve’s last monetary policy of 2024. In addition, the market participants will…
The euphoria surrounding the “Trump trades” appears to have waned just weeks after completion of the U.S. presidential election. Initially, these trades dominated the investment landscape, driving U.S. stock markets to record highs, pushing Treasury yields upward, and strengthening the dollar amid expectations of tax cuts, increased government spending and tariffs. Among these dynamics, two…
Crude oil prices were set for a weekly loss today despite a flare-up in the Middle East and the virtual certainty OPEC+ would not be bringing any barrels back anytime soon. Brent crude was trading at $73.38 per barrel at the time of writing, and West Texas Intermediate was changing hands for $69.15, both up…
China is set to import this month the highest crude oil volumes since August, as oil prices slumped amid demand concerns in early September when most November cargoes were likely contracted. The world’s top crude oil importer is estimated to import about 11.4 million barrels per day (bpd) of crude, Reuters columnist Clyde Russell reports,…
The Indian markets are shut on account of Assembly Elections in Maharashtra but globally its a positive day of trade. Asian markets have opened higher and US too closed in the green after a volatile session on Tuesday. Investors are looking forward to appointments by US President-elect Donald Trump Meanwhile, oil prices saw a modest…
As the economic calendar is fairly light in the week ahead, the major focus of the market participants on Wall Street will be on earnings reports from big names such as chip giant Nvidia Corp, retail heavyweights Walmart Inc and Target Corp. Nvidia, the world’s most valued company by market capitalization will declare its third…