As the lifeblood of the modern economy, oil is a vitally important commodity for every market in the world. Crude oil futures have been on a tear recently, as the spread of revolutionary activity and unrest across the Middle East continues to worry investors, analysts and politicians. Before the latest unrest flared up in Libya,… Read More.
The Middle East is more volatile than usual lately – and that's been good news for both the news industry and commodity futures brokers. Risk-linked assets like precious metals futures and crude oil futures have surged as civil unrest spread from Tunisia to Egypt, Bahrain, Libya and Yemen. Brent crude oil futures surged over 5… Read More.
Unprecedented and wide-ranging national protests in Egypt grabbed the attention of the global media this week, as the people of the Arab world's largest country poured onto the streets to protest against the economic injustices and the political repression they've lived under during the regime of president Hosni Mubarak. Mubarak took power after the assassination of… Read More.
As President Barack Obama appeared prepared to push forward a compromise on the expiring Bush-era tax cuts and the federal government sold its $10.5 billion stake in Citigroup, stock index futures around the globe posted solid gains. Increased confidence in the labor markets, as measured by Milwaukee's temporary worker provider Manpower, Inc., also played a… Read More.
Stock index futures across Europe, the Americas and Asia varied widely on Monday, as traders in different nations assessed the impact of potential further bailouts in the European Union. On a less macroeconomic level, online spending slipped after a record-setting $1.028 billion haul on Cyber Monday and several subsequent days above $850 million, according to… Read More.
The latest figures from the United States Department of Labor battered investor sentiment on Friday, as the unemployment rate actually rose slightly to 9.8 percent, with a total of 15.1 million unemployed persons according to the headline "U-3" unemployment figure. Weekly hours stayed basically flat at an average 34.3 hours per week for all private… Read More.
The prices of crude oil futures rose today, hitting their highest level in two years. On the Intercontinental Exchange, a volatile trading session saw West Texas Intermediate light, sweet crude oil futures for January 2011 delivery close at $86.75 per barrel, after briefly rising above $87 per barrel. ICE Brent crude oil futures settled at… Read More.
December began with a bit of Christmas cheer for the financial world – better-than-expected Black Friday and Cyber Monday sales and rising employment figures stoked some optimism about the pace of the economic recovery. The November 2010 ADP employment report showed that private-sector employment rose 93,000 from October to November, the tenth consecutive month of gains… Read More.
Equities markets pulled back as the month came to a close on Tuesday, driven by renewed bond worries, falling home values and some negative corporate news. The S&P/Case-Shiller index of home prices rose just 0.6 percent from September 2009 to September 2010, the smallest increase since January. Perhaps the most salient point was the European… Read More.
Global stock indexes took a hit on Monday, as the continuing struggles of eurozone debtors to get their houses in order outweighed optimistic sentiment from a busy shopping season in the United States. The good news revolved around Black Friday – between Thanksgiving and Sunday, November 28, 212 million shoppers made purchases, with average per-person… Read More.