Thursday, July 29

oil prices

Bitcoin, Bond Yields, Dollar, Dow Jones, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, ukmarketwrap, US futures, US stocks

US stock futures tumble as investors fret about economic recovery, while bond yields slide for 8th straight day

Investors have become more cautious about US stocks in recent weeks. Johannes Eisele/Getty Images US futures tumbled in European trading on Thursday as investors reassessed the economic outlook. Bond yields, which move inversely to prices, also fell as investors took cover in the safe assets. Investors are concerned about the delta COVID-19 variant and central bank policy, analysts said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stock futures fell sharply on Thursday, as doubts crept in about the strength of the global economic recovery, and concerns grew about the delta coronavirus variant.Meanwhile, bond yields fell for the eighth session in a row as investors bet that inflation would be weaker than previously expected.S&P 500 futures fell 1% ...
Commodities, FP Energy, oil prices, OPEC

OPEC+ talks abandoned without a deal, sending oil prices surging

Breadcrumb Trail Links FP Energy Commodities Prices jump to highest since 2018 Author of the article: Bloomberg News Javier Blas, Salma El Wardany, Grant Smith and Dina Khrennikova Oil pumping jacks, also known as "nodding donkeys", in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia. Photo by Andrewy Rudakov/Bloomberg Article content OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices. Advertisement This advertisement has not loaded yet, but your article continues below. Article content Several days of tense talks failed to resolve a bitter dispute between Saudi Arabia and the United Arab Emirates, delegates said, asking not to be named be...
Bond Yields, Dow Jones, infrastructure bill, Joe Biden, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, ukmarketwrap, US stocks

S&P 500 and Nasdaq futures hover near record highs after Joe Biden strikes $1 trillion infrastructure deal, while oil prices rise

President Joe Biden (right) reached a deal with Republicans on infrastructure. Jacquelyn Martin/AP S&P 500 futures hovered near a record high on Friday after President Joe Biden struck a deal with Republicans on a $1 trillion infrastructure deal, which includes $579 billion of new spending.Futures for the benchmark S&P 500 were up 0.05%, while Nasdaq 100 futures rose 0.04%, after both indices hit a record high on Thursday. Dow Jones futures rose 0.26%, with industrial firms more likely to benefit from infrastructure spending.In Asia overnight, China's CSI 300 jumped 1.63% while Japan's Nikkei 225 climbed 0.66%. In Europe, the Stoxx 600 index slipped 0.09% in early trading.President Biden's deal would see over $1 trillion spent on upgrading the US's infrastructure over the next ei...
Bank of England, bitcoin price, Dow Jones, Federal Reserve Bank, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, Stock Market Today, ukmarketwrap, US stocks, weekly jobless claims

US futures rise ahead of jobless claims and Fed speeches, while oil extends rally as outlook brightens

US stock index futures climbed on Thursday as investors awaited the release of weekly jobless claims data and prepared to digest a series of speeches from Federal Reserve officials.Meanwhile, oil prices extended their rally as the outlook for the global economy brightened, with vaccine rollouts spurring expectations of strong demand for energy in the coming months. Oil is on course for a third straight monthly gain in June. In Europe, stocks rose ahead of the Bank of England's interest rate decision. It is expected to leave monetary policy on hold but investors will scrutinize the decision for signs of concerns about inflation, which jumped abo...
Cenovus Energy Inc., Commodities, energy, oil prices, oilsands, Suncor Energy Inc.

Oilsands producers pile on debt to survive the crash but eye tentative recovery

CALGARY — Suncor Energy Inc. and Cenovus Energy Inc., two of Canada's largest oilsands producers, have taken on billions of dollars of debt to weather the historic oil price collapse and COVID-19 pandemic this year but believe the outlook is beginning to improve. Read More