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.
Stock Index Futures
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.
After data from the Department of Labor showed that the advance number of seasonally adjusted unemployment claims came in at 407,000, down from last week's revised figure of 440,000, U.S. stock index futures reacted positively. In the U.S., Dow Jones Industrial Average index futures rose 64 points to 11,078 at 9:14 a.m. EST, while S&P… Read more.
Stock index futures measuring the strength of indexes on the other side of the globe declined late Monday afternoon, as new revelations about the American real estate market and an Irish bailout plan unsettled investors. The Irish government said that it will accept a bailout package from the United Kingdom, the European Union and the… Read more.
General Motors made its return to the New York Stock Exchange today, with a total offering that may exceed $23 billion once preferred shares and overallotments are distributed. The total sale may thus surpass the the initial public offering of Agricultural Bank of China, which raised $22.1 billion in history's single largest common stock IPO.… Read more.
Global commodity futures markets experienced a major correction over the last five days of trading, as the bullish news from Benjamin Bernanke and the Federal Reserve gave way to much more bearish sentiment from the People's Bank of China and Ireland. The Thomson Reuters/CRB Index, which tracks the prices of 19 key raw materials, dropped… Read more.
The Federal Reserve giveth, and the People's Bank of China taketh away. For a while, it seemed that commodity futures prices had nowhere to go but up. Then speculation that the Chinese central bank would cut back on loose money by raising its interest rates sent commodity futures brokers and traders fleeing for the exits,… Read more.
Stock index futures started off Wednesday in positive territory, thanks to surprisingly optimistic data from the United States Department of Labor. Jobless claims dropped in the first week of the month; for the week ending November 6, the advance seasonally adjusted claims figure was 435,000, down from the previous week's revised figure of 459,000. Florida… Read more.