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Stock futures and crude oil futures rose on Wednesday and Thursday as a number of factors buoyed traders’ spirits. The US Energy Information Administration reported that domestic crude inventories dropped for two straight weeks. This eased concerns that excess supply would undercut prices of light, sweet crude which was quoted at $74.64 a barrel on… Read more.
Stock futures took a hit Friday due to disappointing news on the nation’s unemployment front. According to the Department of Labor, employers added 431,000 jobs in May. However, the large majority of those jobs were temporary U.S. census positions. Otherwise, the net job gain from the private sector was only 41,000. On Friday afternoon, the… Read more.
Stock index futures got off to a shaky start on Monday in the aftermath of last week’s announcement of a downgrade in Spain’s credit rating. On Friday, Fitch Ratings indicating that it had downgraded the credit rating of Spain’s Instituto de Credito Oficial from AAA to AA+. While not a dramatic cut in its own… Read more.
In a piece of potentially significant futures news, investors may have more reasons than ever to keep an eye on Chinese economic activity in light of recent cooperation between Beijing and the United States. According to an announcement from Treasury Secretary Timothy Geithner, the U.S. and China are working on financial regulatory issues aimed at… Read more.