Today the Dow went up 2% in the last 45 minutes. THAT is ridiculous.» Read More
As stocks continue to see a major selloff, Peter Schiff says markets are about to lose the one last thing propping them up.
Aug 26- U.S. stock index futures were sharply higher on Wednesday after China's central bank said it injected 140 billion yuan into the interbank money market. S&P 500 e-minis were up 23.5 points, or 1.25 percent, with 407,357 contracts traded by 6:05 a.m. ET. Nasdaq 100 e-minis were up 46.5 points, or 1.15 percent, on volume of 64,390 contracts.
*From Russia to Nigeria, crude values still depressed. LONDON/ MOSCOW, Aug 26- When oil futures markets crash- as they have this summer- physical markets often move the other way as refiners jump on the opportunity offered by cheap oil to stockpile. But traders in barrels from Nigeria to Russia say the physical market remains stubbornly weak in further evidence a...
*Fears over supply glut, hard landing in China economy. *Iran to ramp up output; Nigeria to export highest volume of 2015. SEOUL, Aug 26- Crude oil futures held in a narrow band on Wednesday not far off 6-1/ 2 year lows after China's central bank moved to support the country's stumbling economy, while concerns about a supply glut capped gains.
SHANGHAI, Aug 26- China's major stock indexes opened up on Wednesday after aggressive monetary easings announced by the central bank on Tuesday evening following a massive market slide. China's Financial Futures Exchanges announced Wednesday morning that they will raise transaction fees and margin requirements for index futures to curb speculation.
*Iran to ramp up output; Nigeria to export highest volume of 2015. SEOUL, Aug 26- Crude oil futures dipped on Wednesday on fears of a hard landing for China's economy despite central bank moves to bolster stumbling growth and concerns about a supply glut. Brent lost 10 cents to $43.11 a barrel as of 0110 GMT after it settled up 52 cents at $43.21 a barrel in the previous...
MANILA, Aug 26- London copper futures retreated on Wednesday after gaining more than 2 percent overnight as worries persisted over the outlook for demand in top consumer China despite its latest step to boost a slowing economy. *The most-traded October copper contract on the Shanghai Futures Exchange rose 1.7 percent to 39,200 yuan a tonne, off a peak of 39,600...
MANILA, Aug 26- Gold edged up on Wednesday after falling the most in five weeks the session before as global equities were revived after China cut interest rates and bank reserve requirements to support a flagging economy. But China's move appears to have only boosted equities temporarily, with U.S. stock futures resuming their descent and Asian shares...
SEOUL, Aug 26- U.S. crude steadied on Wednesday as oversold conditions tempted some buyers, but prices were kept in check by concerns over a global supply glut and fears of a hard landing for China's economy. *U.S. front-month October crude futures added 6 cents to $39.37 a barrel as of 0021 GMT, after finishing the previous session $1.07 higher at $39.31.
*China's rate cut may not boost China demand that much- analyst. TOKYO, Aug 26- U.S. stock futures resumed descent in early Asian trade and Asian shares were seen on the defensive on Wednesday as monetary easing by China's central bank had limited success in cheering up nervous investors. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent...
Stocks are in strange, uncharted territory. By every measure of market sentiment we should have had a bounce Tuesday.
What to keep an eye on in the markets, with Mary Ann Bartels, Merrill Lynch portfolio solutions, and CNBC contributor Mike Santoli.
NEW YORK, Aug 25- Alcoa Inc will challenge the chairman of the U.S. commodities regulator on its authority to interfere in the London Metal Exchange's warehousing reform at a meeting on Wednesday, a spokeswoman said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and Alcoa Executive Vice President and Chief...
NEW YORK, Aug 25- The chairman of the U.S. commodities regulator and aluminum producer Alcoa Inc will meet this week to discuss metals warehousing reform, a spokesman for the agency said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and a representative from Alcoa will take place on Wednesday afternoon.
Is there a problem with gold? CNBC's Bertha Coombs and the Futures Now Traders discuss.
Oil bounces off its lows but still stays below $40. Trading crude now, with Dennis Gartman, The Gartman Letter, CNBC's Bertha Coombs and the Futures Now traders.
According to Euro Pacific Capital’s Peter Schiff, America is “teetering on the brink of recession.”
Has the S&P bottomed? The market's next move, with CNBC's Bertha Coombs and the Futures Now traders, Anthony Grisanti at the NYMEX and Jeff Kilburg at the CME. And Euro Pacific Capital's Peter Schiff talks stocks & gold.
The Futures Now team discusses what's driving the price of oil.
Aug 25- U.S. stock index futures rose sharply on Tuesday in anticipation of bargain hunting a day after Wall Street turned in its worst performance in four years and as China cut interest rates for the second time in two months. *All three major Wall Street indexes fell into correction mode over the past two trading days. *Oil price were up more than 3 percent, bouncing...
Activist investor Carl Icahn became the top shareholder in mining company Freeport-McMoRan.
It's not 2008 anymore (when the Fed set its current target for rates). Time for the Fed to normalize rates, says Jack Ablin.
Fluctuations in the price of oil are strongly felt in West Texas, where fortunes are made and lost on black gold.