Brent oil supply drop in Sept threatens price spike
August 01 2012 1:54 PM EDT
A drop in supply of crude that underpins the Brent crude contract in September has the potential to boost prices, further highlighting the vulnerability of the global benchmark to local supply bottlenecks and squeezes.
Treasury may let investors pay to lend
August 01 2012 1:53 PM EDT
The Treasury is working on allowing investors to bid on securities that offer negative interest rates, another sign that officials expect borrowing costs to stay very low for a long time.
China shares outperform Asia, spur Hong Kong's 5th straight gain
August 01 2012 1:49 PM EDT
China stocks rose on Wednesday, outperforming Asian peers and spurring Hong Kong gains, bolstered by comments from the country's securities regulator encouraging companies with strong cash positions to buy back some of their shares.
Investors cautious as central bank meetings loom
July 31 2012 11:21 AM EDT
U.S. stocks were mixed on Tuesday while European shares snapped a three-day rally and oil slipped on fear central banks may not deliver enough stimulus this week to quell concerns about a global slowdown.
Oil dips below $106 as stimulus hopes fade
July 31 2012 10:59 AM EDT
Oil slipped below $106 a barrel on Tuesday as concerns that new central bank stimulus measures would fail to revive fragile economies outweighed China's pledge to keep its economy growing.
Euro edges higher versus dollar ahead of ECB
July 31 2012 10:56 AM EDT
The euro edged higher against the dollar and yen on Tuesday on expectations the European Central Bank may take further actions to help contain the debt crisis later this week.
European shares extend losses, Bunds gain on ESM concern
July 31 2012 10:54 AM EDT
European shares extended losses and German Bund futures hit session highs on Tuesday, with traders citing a media report that German policymakers had reiterated their opposition to giving the European Stability Mechanism a full banking licence.
Hong Kong shares gain 1.8 pct in July, China at 40-month lows
July 31 2012 10:53 AM EDT
Hong Kong shares rose for a fourth day on Tuesday, extending gains to 1.8 percent for the month, as heavyweights such as HSBC advanced ahead of central bank meetings that market players hope will yield further stimulus measures.
Options Trading Review: SPDR Gold Shares (NYSE:GLD)
July 31 2012 7:51 AM EDT
A total of 12 block trades were executed during the market session Monday, at least 10,000 shares or more represent 1 block unit. Block trading activity shows that $166,905,431 worth of shares were bought and $75,796,236 worth of shares were sold by institutional investors. The positive net cash flow of $91,109,194 into the stock shows that investment houses have positive outlook for shares of SPDR Gold Shares. A look into options trading shows that traders hedged their positions with options wh...
Stocks at three-week highs on stimulus hopes
July 30 2012 10:31 AM EDT
Global stocks rose to their highest in more than three weeks on Monday, underpinned by expectations that the U.S. Federal Reserve and European Central Bank will provide stimulus to support their struggling economies.
Brent slips to $106 as stimulus expectations fade
July 30 2012 10:30 AM EDT
Brent crude oil fell to around $106 a barrel on Monday as hopes faded that the United States and Europe would soon announce measures to shore up their fragile economies, which could boost the outlook for oil demand.
Europe shares buoyed by expectation of ECB action
July 30 2012 10:23 AM EDT
European stocks rose on Monday, with the blue chip Euro STOXX 50 index hitting a three-month high, as investors bet the European Central Bank will unveil steps to ease Spain and Italy's soaring borrowing costs at its meeting later this week.
Hong Kong shares gain despite profit warning gloom
July 30 2012 10:22 AM EDT
Hong Kong shares rose for a third-straight day on Monday, with HSBC closing stronger just before Europe's largest bank posted a first half earning report that matched expectations.
GOLD: Range Trading Environment
July 30 2012 1:31 AM EDT
Although GOLD rallied sharply to close higher the past week, it remains trapped in a range between the 1,544.35 and the 1,640.45 levels. In order for the commodity to extend its upside it will have to break and hold above the 1,640.45 level, its range top. This if seen will open up further upside towards the 1,670.70 level and then the 1,700.00 level.
Precious Metals Market Comments
July 27 2012 3:26 PM EDT
Gold Settles $2.90 Higher ... ($ 1618.00). Today's August Gold futures traded a volatile and choppy $17.90 range. This week's August Gold futures traded a vast $66.60 range including a high of $1628.60 and a low of $1562.00. This week's rally has been fueled by the resurgence of confidence in the Euro after European Union Leaders and the ECB President have shown their commitment to the integrity of the Euro zone.
Gold Set for Gain on Week, Draghi’s ECB “Is Robbing Savings of Citizens”
July 27 2012 2:23 PM EDT
SPOT MARKET gold bullion hit a five-week high at $1625 an ounce during Friday morning's London trading, on course for a weekly gain that would see the pattern of alternating up and down weeks stretched to week number eleven.
Wall Street rises on stimulus hopes, earnings
July 27 2012 12:13 PM EDT
Wall Street rose on Friday following a report on economic growth which met expectations and on hopes for further stimulus from the Federal Reserve and the European Central Bank.
Euro, global stocks rise on central bank action hopes
July 27 2012 12:11 PM EDT
Global stocks and the euro rose on Friday and bond yields dipped in Spain and Italy on growing expectations of European Central Bank action to tackle high borrowing costs.
Oil rises towards $106 on euro zone, QE hopes
July 27 2012 8:14 AM EDT
Brent crude oil rose to around $106 per barrel on Friday, buoyed by a European Central Bank pledge to protect the euro zone and hopes for a fresh economic stimulus in the United States.
Euro's bounce fizzles, U.S. GDP awaited
July 27 2012 8:13 AM EDT
The euro fell on Friday, retreating from a two-week high against the dollar, as investors sold into its recent rally on fresh doubts about whether the European Central Bank would take bold measures to tackle the sovereign debt crisis.