Oil traders are well-positioned to generate returns despite the likelihood of prices falling away from multi-year highs over the coming months, according to a senior analyst at Goldman Sachs. Oil prices rose to their highest level since mid-2015 on Tuesday, as political concerns among some OPEC nations offset projections for higher U.S. oil production. Alongside […]
Read moreEuropean markets are set to open mixed on Tuesday morning, as investors monitor a fresh batch of economic data. The FTSE 100 is expected to start 12 points higher at 7,704; while the German DAX is seen down by 17 points at 13,351 and the CAC 40 is set to open 4 points lower at […]
Read moreCurrency, United States Finance
Half of British voters say May is incapable of getting the right Brexit deal: Poll
Half of British voters believe Prime Minister Theresa May is incapable of getting the right Brexit deal, according to an ORB poll published on Monday. “There is still much work to be done to convince the British public that the prime minister is capable of getting the right deal for the UK,” ORB said in […]
Read moreA growing number of homeowners are in the money — big money. The amount of home equity borrowers now have at their disposal reached an all-time high in the third quarter of last year. The 42 million homeowners with mortgages have a collective $5.5 trillion in “tappable” equity, according to Black Knight Data & Analytics, […]
Read moreRepublicans scored a major legislative victory by passing their sweeping overhaul of the tax code in record time. Now, they face a task that could be just as daunting: selling the law to the American people. After spending millions of dollars last year to advance the legislation, GOP advocacy groups are unleashing millions more to […]
Read moreThe U.K. now looks to be seriously contemplating the idea that it could leave the EU without a fully-formed trade agreement with the rest of the bloc. Reports early Monday from The Telegraph newspaper said that U.K. leader Theresa May will appoint a “cabinet minister for no deal Brexit” this week. This is seen an […]
Read moreFrench President Emmanuel Macron was in China on Monday for a three-day state visit designed to bolster economic and political ties between Beijing and the euro zone’s second-largest economy. Improving trade and business relations is top of the agenda, with Macron leading a delegation of around 50 top business representatives to China. Like other nations […]
Read moreCurrency, United States Finance
Germany's Merkel enters high-stakes talks in last chance to form a government
Germany’s Chancellor Angela Merkel has entered talks with a rival party in a last-ditch effort to form a coalition government after months of political uncertainty and deadlock in the euro zone’s largest economy. Merkel, the head of a conservative alliance made up of the Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social […]
Read moreCurrency, United States Finance
Europe stocks seen higher amid positive global sentiment; Germany in fresh coalition talks
European markets are set to open higher on Monday morning after a firm lead by U.S. stocks in the previous session and as Germany looks closer to forming a new government. The FTSE 100 is expected to start higher by 9 points at 7,715; the German DAX is seen up by 78 points at 13,383 […]
Read moreThe bitter cold that followed a massive East Coast snowstorm should begin to lessen as temperatures inch up and climb past freezing next week, weather forecasters said. Patrick Burke, a meteorologist with the National Weather Service’s Weather Prediction Center in College Park, Maryland, said temperatures Sunday morning could hit record lows from South Carolina to […]
Read more