It's not just tough refining margins hitting Big Oil, but lower oil production as well.
John Vail, Chief Global Strategist, Investment Strategy Group at Nikko Asset Management tells CNBC's Cash Flow that an unexpectedly early taper would have a dramatic impact on global markets.
The dollar turned positive against a basket of major world currencies in thin trade on Wednesday.
CNBC's Ross Westgate reports on all the market moving events from Europe, with Volkswagen and Barclays posting hefty gains.
We saw mixed reports from large multinational industrial companies. Key sectors to watch include companies that make heating and air conditioning systems, electric motors, and truck parts.
The dollar inched up, but stayed near a nine-month trough as investors bet the Federal Reserve this week will set the course for its massive stimulus program to be maintained.
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares of UBS saw heavy selling on regulatory issues.
Manik Narain, head of EMEA FX and fixed income strategy at UBS, says that growth in India relies heavily on foreign investors and any further inflation is going to damage growth.
Aaron Smith, Managing Director at Pecora Capital says the USD could temporarily strengthen and then continue to weaken further.
The dollar edged higher on Monday but held close to a nine-month low against a basket of currencies.
As earnings season hits halftime, there are three themes emerging.
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares of TNT Express climbed 4.54 percent.
The euro hovered close to a two-year high against the dollar on Friday.
The U.K. economy posted its fastest growth in three years, reports CNBC's Simon Hobbs with all the market moving events from Europe today.
Decent earnings have been overshadowed by poor showing in Asia, and a weak U.S. durable goods figure.
CNBC's Ross Westgate reports on all the market moving events from Europe, as a host of earnings and key data from the U.K. and Germany lead shares lower.
Antje Praefcke, senior FX strategist and director at Commerzbank, says the U.S. dollar will remain under pressure ahead of the U.S. Federal Reserves FOMC meeting.
CNBC's Simon Hobbs reports on all the market moving events from Europe today, including a slew of earnings reports.
The habit of beating on the quarter and then lowering expectations for the next quarter is continuing in this quarter as well.
The euro was steady against the dollar on Thursday after disappointing euro zone data drew it away from a two-year high.