The yield on the benchmark 10-year Treasury note fell to its lowest level since November 2016 on Wednesday, continuing its slide below 2% on expectations central banks around the world would respond to a slowing global economy with more monetary stimulus. At around 8:17 a.m. ET, the yield on the benchmark 10-year Treasury note, which […]
Author: Alfonso Esparza
Oil prices rebounded slightly on Wednesday after a steep fall in the previous session as OPEC and its allies’ decision to extend output cuts was not enough to counter investors’ concerns about the slowing global economy. Prices were supported by widely-watched data showing a larger-than-expected drawdown in U.S. crude oil inventories, with government data due […]
The Canadian dollar rose 0.1 percent against the US dollar on Tuesday. The Canada day holiday had put the loonie in a vulnerable spot as the G20 wrapped up with Presidents Trump and Xi agreeing to restart negotiations on trade. The outcome was not the best-case scenario for the market as there were no details […]
The price of bitcoin has fallen back below $10,000, down 30% from last week’s peak of nearly $14,000. Continuing its wild ride, the digital currency dropped to $9,717 on Tuesday, down 8.1% on the day. Last Wednesday, the cryptocurrency shot up to $13,879, breaking through the $12,000 and $13,000 levels in less than two hours. […]
U.S.-China trade talks may have restarted, but a potential deal is still a long way off, White House trade advisor Peter Navarro told CNBC on Tuesday. Negotiations between the two economic superpowers over issues including trade deficits, alleged intellectual property theft and forced technology transfers broke down in May. But President Donald Trump and Chinese […]
The Federal Reserve can afford to stand its ground on interest rates while it watches how challenges to economic growth unfold, Cleveland Fed President Loretta Mester said Tuesday. Speaking in London, the central bank official said she holds a “positive baseline outlook” on the economy though she is monitoring risks to determine whether the Fed […]
Oil prices fell more than 3% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand. Brent crude LCOc1 futures fell $2.12, or 3.3%, to $62.94 a barrel. U.S. West Texas Intermediate […]
With less than two days before a high-stakes meeting between President Donald Trump and Chinese President Xi Jinping, one of the key issues that will be discussed is getting a balanced deal. China believes any new agreement will need to be evenhanded, while U.S. Trade Representative Robert Lighthizer told his Chinese counterparts that balance won’t […]
The Canadian dollar is higher against the US dollar on Wednesday. The loonie rose slightly 0.38 percent versus the greenback with the price of oil also rising more than 2 percent. The gold rally hit a speed bump with the yellow metal losing 0.41 percent as investors take profit on the current run and appetite […]
Despite a policy pivot earlier this year and an even clearer shift just last week, the Federal Reserve remains miles apart from what Wall Street wants. Central bank officials have indicated that a rate cut is at least on the table, but the market is demanding more — so much more, in fact, that a […]