Crude Oil Plunges Between Inventory Reports

The last day of trading for August finds investors focused on energy markets. WTI crude oil is taking it on the chin today, falling 2.7% and dropping back under $90.00/bbl after the American Petroleum Institute reported a 0.6 mmbbl inventory

Stocks Try To Rebound As Month-End Approaches

Stock markets around the world are on the rebound this morning. The Nikkei led Asia Pacific markets higher with a 1.1% gain, although Hong Kong struggled to a 0.3% loss. In Europe today, the Dax is up 1.8% while the

Rebound In Stocks Ends With Investors Focused on Inflation and Energy Prices

Yesterday’s rebound in world stock markets sputtered out overnight as indices turned downward once again with investors continuing to grapple with the potential for high inflation and a slowing economy. The Hang Seng plunged 2.5% in Asia Pacific trading, while

US Returns To New Oil Sanctions and a Gold Mining Merger

US investors appear to have returned from their long weekend somewhat less enthusiastic than when they left on Friday. The last trading day of May finds US index futures trading down 0.3% to 0.7%, giving back some of their recent

Stocks Climb As China Reopens, Oil Also On The Move

Even with US exchanges closed for the Memorial Day holiday, the new trading week is off to a positive start. Building on Friday’s gains of 1.75% to 3.33% for US indices, US index futures are up 0.3% to 1.0% with

WTI Falls Back Under $100.00 and Nonfarm Payrolls

US nonfarm payrolls increased by 431K last month which was less than the 490K the street had expected, but the shortfall was more than offset and explained by an upward revision to February payroll growth to 750K from 678K. Average

March Winds Down With Commodities In Retreat

March appears to be going out like a lion in commodity markets, particularly energy contracts where WTI crude oi lis down 6.2%, Brent crude is down 5.6%, gasoline is down 4.2% and natural gas is down 1.8%. There haven’t been

Stocks Rally As Ukraine Talks Resume

It’s another quiet day for economic and corporate news, keeping the Ukraine War in the spotlight. Truce talks between Ukraine and Russia are scheduled to resume today and ahead of this meeting, stocks have been on the rise this morning

China Lockdowns Drag Down Stocks and Commodities

For the last several weeks, commodity markets, particularly energy, grains and metals, have been soaring on fears that the Russia-Ukraine war and related sanctions could create a supply shortfall in resource markets. This week, that sentiment appears to have been

Canada Jobs Bounce Back, Global Markets Remain Choppy

The choppy, back and forth trading across asset classes, which has been the main theme of the week so far, has continued overnight and into this morning. US index futures are up 1.0% to 1.3%, clawing back yesterday’s US index