Indices Lose Ground Despite Strong Bank Earnings; Oil and Gold Rally

When following the markets, sometimes it’s what doesn’t happen that is important. Despite a positive start to US earnings season, US index futures are trading flat to down 0.4% this morning, while over in Europe, the Dax is down 1.00%

Big Merger Deal Today in the US Oil Patch

The Energy sector has moved back into the spotlight with the announcement that ExxonMobil (XOM) has agreed to merge with Pioneer Natural Resources (PXD) in an all-stock deal valued at $60 Billion. ExxonMobil is down 2.5% in premarket trading which

Oil and Gas Rally as Investors Digest Economic Reports and High Temperatures

US index futures have returned to trading this morning in the Red with the three main contracts down 0.5%-0.6% so far. Over in Europe, the Dax and the FTSE are both down about 0.6%. It appears that disappointing Service PMI

Energy Markets Active as Investors Digest Economic News

US index futures trading has been pretty quiet so far on Getaway Day ahead of tomorrow’s Thanksgiving holiday. The three main contracts are flat to up 0.2%, consolidating yesterday’s gains of 1.1%-1.4% for major US indices. European equity trading has

Gold, Oil and USD Soar, Stocks Plunge as Russia Attacks Ukraine

Overnight Russia expanded its military operations in Ukraine to include missile and infantry attacks in several parts of the country. This news sent equity markets, which had already been trending downward in recent days in fear that tensions could boil

Crude Oil Climbs Between Inventory Reports; ADP Payrolls Come In Strong

Amid mixed economic signals, the New Year’s Rally appears to be fading this morning. On Tuesday, the Dow finished at a new all-time high with a 0.6% gain, but a 1.3% decline for the NASDAQ suggested investor enthusiasm for growth/momentum/risk

Energy Rally, China Data, and Inflation Numbers In Focus

Disappointing economic numbers out of China overnight weighed on Asia Pacific markets overnight as Hong Kong plunged 1.8%, Tokyo lost 0.5% and Sydney slipped 0.3%. Talk of increased casino regulation in Macau, meanwhile, has weighed on casino stocks around the

March Starts With a Market Rebound and Manufacturing PMI Numbers

Shrugging off a dismal finish to February that saw major indices plunge last Thursday, then stagger to a mixed finish on Friday (Dow down 1.5%, NASDAQ up 0.5%, March is off to a positive start so far. US index futures

Focus Turns to Energy Rallies as Silver Slides

Commodity markets have been particularly active this morning. Natural Gas is up another 4.0% in the wake of yesterday’s big east coast storm and cold temperatures. Meanwhile WTI crude oil is up 2.3% this morning after OPEC producers indicated 99%