SINGAPORE, May 27- Crude oil prices stabilised on Wednesday after falling sharply in the previous session, with western diplomats saying a nuclear deal with Iran was unlikely by a June 30 deadline. *Front-month U.S. crude futures were up 35 cents from their last settlement at $58.38 per barrel by 0019 GMT on Wednesday. The U.S. dollar rallied this week and remains...» Read More
Rather than a housing market defined by weak demand and falling prices, the market is now being hampered by a restricted supply of homes for sale as demand improves. That's leading to a more volatile housing recovery than many expected, USA Today reports.
A look at what traders will be focused on ahead of the opening bell, with Kevin Ferry, Cronus Futures Management chief market strategist.
Bob Diamond has resigned with immediate effect as Barclays chief executive, bowing to public and political pressure over the Libor rate-setting scandal. The FT reports.
As London braces itself for feared transport congestion when the Olympic Games start this month, the disruption looks set to hit an unexpected victim: the government bond market, the Financial Times reports.
Barclays failed to act on three separate warnings between 2007 and 2008 about conflicts of interest and “patently false” submissions by its staff to the panel which sets Libor rates. The FT reports.
On both sides of the Atlantic, budget-minded leaders have alienate wealthy individuals and non-profit organizations alike with proposals to clamp down on tax relief on charitable donations.
Euro zone leaders agreed to radically restructure Spain’s 100 bilion euros ($125.9 billion) bank recapitalisation plan, allowing EU bailout funds to eventually be injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books.
Global investment banks are bracing themselves for a dismal second half, with further cuts in costs and staff, after a sharp drop in dealmaking and capital markets activity pushed down fees in the second quarter to their worst level in three year, the Financial Times reports.
Soft commodities such as soy and corn should be used by investors to protect against inflation in the same way as gold, according to the founding partner of GAIA Capital, John Coast Sullenger.
Tom Kloza, Oil Price Information Service; and Yra Harris, Praxis Trading, discuss the play on receding crude oil prices, and a look at how the futures are trading ahead of the market's open.
A preview of today's market activity in oil, the U.S. dollar and options, with Addison Armstrong, Tradition Energy; Joseph Trevisani, Worldwide Markets; and Scott Nations, NationsShares.
The City of London has raised deep concerns over David Cameron’s strategy in Europe, warning that the prime minister’s wishlist of “safeguards” in December could actually have damaged its standing as Europe’s financial center. The FT reports.
The European Union would gain far-reaching powers to rewrite national budgets for eurozone countries that breach debt and deficit rules under proposals likely to be discussed at a summit this week, according to a draft report seen by the Financial Times.
Discussing the impact of tropical storm "Debby" on offshore drilling and oil prices, with Stephen Schork, The Schork Report, and Philip Weiss, Argus Research.
The Bank of England needs to pump at least another 50 billion pounds ($77.8 billion) into Britain’s “stalled” economy, says David Miles of its interest rate-setting committee, warning that only a “substantial” third round of emergency bond-buying will kick-start recovery, the Financial Times reports.
The new chief executive of Airbus says he is ready to “bet” that the European aircraft maker’s planned new A350 widebody passenger jet will not suffer the same three-year delay that Boeing had with its 787 Dreamliner, the Financial Times reports.
A top European Central Bank policy maker has publicly backed the rapid use of the eur ozone’s bailout fund to buy distressed sovereign bonds on the open market, saying such action could ease the “very severe strain” being felt by Spain and Italy. The FT reports.
The government appears to be taking the proposals of the Independent Commission on Banking, in the UK seriously and looks as if it may implement the majority of Sir John Vickers proposals, writes the Financial Times’ Martin Wolf.
"The barber is coming to town," says Kevin Ferry, Cronus Futures Management, discussing the upcoming Greek elections and its impact on Europe's banks and bonds.
Bankers’ bonuses across the European Union are set to be limited by law, with many bank lobbyists admitting in private that they have lost the fight against a European Parliament initiative to limit the size of bonuses relative to salary, the Financial Times reports.
The dollar crushes gold. Trading the beaten down metal, with CNBC's Jackie DeAngelis and the Futures Now Traders.
Stocks sell off. Trading S&P futures now, with Craig Johnson, Piper Jaffray, CNBC's Jackie DeAngelis and the Futures Now Traders.
Crude gets crushed. Trading crude now, with CNBC's Jackie DeAngelis and the Futures Now traders, Anthony Grisanti at the NYMEX and Scott Nations at the CME.
Crude oil prices stabilized after falling sharply, with western diplomats saying a nuclear deal with Iran was unlikely by a June 30 deadline.
Gold held near a two-week trough after sliding almost 2 percent in the previous session on strong U.S. data.
Despite falling Tuesday amid fear of production hikes, crude oil prices may stabilize based on recent trends, an expert said.