President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
The European Central Bank President Mario Draghi has to tread a fine line once again as he gives his latest update on euro area monetary policy on Thursday.
While steering the bank out of its QE (quantitative easing) program and stressing interest rates and reinvestments going forward, Draghi is faced with an economy that may be slowing and a dreary inflation outlook.
"We expect the ECB to announce at its meeting next Thursday an end to net-purchases under the APP programme," said Natixis' Dirk Schumacher in a note. "While there has been a clear weakening in the economic environment, the ECB will argue that the reinvestment of the stock of bond holdings will ensure a continuing accommodative policy stance justifying an end of the program," he added.
On Thursday, the ECB also will publish its newest staff projections for economic growth and inflation for the next three years. While it is expected that the central bank will lower its outlook for growth for the next two years, the numbers are also expected to remain just punchy enough to underline the case to exit their purchase program.
Another big topic for Thursday will be the design of the ECB's reinvestments.
"The ECB will likely maintain its guidance that it will fully reinvest the proceeds and thus keep its bond holdings constant 'for an extended period of time' and 'for as long as necessary' to put inflation on track towards its target," said Florian Hense, Economist with Berenberg.
"The ECB may also state explicitly that full reinvestment will continue until well after the first rate. We expect full reinvestments to run until at least late 2020," he added in a note.
Given the fragility of the European banking system, another instrument which almost seemed somewhat forgotten, makes it back on the agenda: TLTROs or Targeted long term refinancing operations.
"This week, the ECB will probably reiterate that a discussion on another round of TLTRO is still premature," Hense said. "It will also not want to appear giving a helping hand to Italian banks at a time when the Italian government debates its 2019 budget with the EU."
Italy remains a headache for the ECB. For now, the debt markets have more or less kept their cool over the standoff between Rome and Brussels but give the current market volatility and the huge refinancing needs of the country this could change in 2019.