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Oil Tumbles 3% but Stocks Hold Ground

26 Jan. 2016

Oil prices tumbled 3% on Monday and dragged the dollar down, but world stocks clung onto gains in a sign of stabilization after a horrendous start to the year.

Crude fell as Iraq announced record-high oil production feeding into a heavily over supplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last Friday.

That tumble briefly weighed on stocks in Europa, which recovered ground as hopes of further monetary stimulus by major central banks helped take the edge off the bearish sentiment that has dominated since the start of the year.

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Wall St. Rallies as Cold Snap Fires up Crude Oil

22 Jan. 2016

The S&P 500 and the Nasdaq rallied nearly 2% on Friday morning as a cold wave in the U.S. and Europe helped crude oil surge for a second day. All 10 major S&P sectors were in the black, led by a 4.67% jump in energy stocks.

Crude prices, still under pressure from a global glut, were up more than 6% as the cold wave boosted short-term demand and traders cashed in their short positions. The U.S. stock market, tracking oil prices, has failed to sustain any rallies this year as risk-averse investors search for signs of stability.

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Oil, Stocks Climb; Draghi Remarks Raise Stimulus Hopes

21 Jan. 2016

Oil prices and global stocks rebounded on Thursday, buoyed by comments from European Central Bank President Mario Draghi that raised hopes of further monetary stimulus, following a turbulent few days that wiped trillions of dollars off asset values.

U.S. stocks were up in late morning trading, led by gains in telecommunications, energy and consumer discretionary shares, but trading was again choppy in most asset classes. The euro fell to a two-week low against the dollar after Draghi hinted of additional stimulus measures as early as March as economic risks had grown.

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Weak U.S. inflation, Housing Data Lower March Rate Hike Chances 

20 Jan. 2016 

U.S. consumer prices unexpectedly fell in December as the cost of gasoline dropped and rents rose moderately, signs of weak inflation that further diminish expectations of a Federal Reserve interest rate hike in March. 

Other data on Wednesday showed a drop in housing starts and building permits last month, adding to weak reports on retail sales, industrial production, exports, inventory and manufacturing surveys that have suggested a significant slowdown in economic growth at the end of 2015. 

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Fed Almost Certain to Keep Interest Rates Unchanged at Next Meeting

15 Jan. 2015

Federal Reserve officials, facing an economic jumble as 2016 begins, will almost certainly keep short-term interest rates steady at a policy meeting this month and turn their focus toward a potential cliffhanger decision about whether to lift them when they gather again in March.

Job growth is strong, but financial markets are volatile and downward pressures on inflation are building. The employment picture gives officials an incentive to raise rates to prevent the U.S. economy from overheating, but market instability and the inflation outlook provide reasons to hold off.

Read full article from The Wall Street Journal

 

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