Oil prices climb to end the week but futures on track to book slight weekly retreat

Oil futures looked to extend a recent run-up on Friday, with commodity experts pointing to continued optimism surrounding the prospects of global crude demand following the China-U.S. trade deal on Wednesday, and the Senate approval of the U.S.-Mexico-Canada trade on Thursday. “Oil prices are stabilizing on improved demand outlooks since the phase-one trade deal has […]

Phase-one signing aftermath on LATAM

LATAM currencies are mixed following the signing of the US-China phase-one deal.  Three years of trade tensions are finally seeing a reprieve in what should deliver a boost to the global economic outlook.  This phase-one deal however does not indicate that markets should expect the end of the trade war between the world’s two largest […]

US Open – US consumer was strong in December, Morgan Stanley delivers, BOE now expected to cut, Treasuries inch higher, Oil stabilizes, gold steady and Bitcoin enthusiasm

Rising doubts about the US consumer got squashed after the December retail sales showed no signs of slowing down.  After a batch of disappointing results from Target, JC Penney, L Brands, Kohls, Wall Street was starting to get nervous the US consumer spending was slowing, but after today’s retail sales beat, that does not seem […]

US Open – Soft second day of earnings, Trade tariffs are here to stay, Oil remains vulnerable and gold’s bright outlook

US stocks are treading water as investors contemplate the “buy the trade calm and sell the signing” strategy.  Earlier in Europe, investors showed little reaction to Germany GDP data that showed the slowest growth in six years and cooler than expected inflation data from the UK, another sign that the British economy remains vulnerable. European […]

Stocks rise as S&P 500 aims for fourth straight record

Stock indexes edged higher again Tuesday after all three major indexes scored records Monday in the wake of Friday’s preliminary U.S.-China trade announcement. What are major indexes doing? The Dow Jones Industrial Average DJIA, +0.26% rose 57 points, or 0.2% to 28,295, while the S&P 500 index SPX, +0.12% gained 4 points, or 0.1%, trade […]