Crude oil is steady through the Asian session ahead of the all-important US CPI later today.
This is despite the American Petroleum Institute (API) reporting that inventory of US crude increased by 2.2 million barrels last week, a large difference from the forecast 400k decrease.
The increase in stockpiles may have been offset by news that a Russian oil pipeline to central Europe had been shut down last week. The WTI futures contract is near US$ 90 bbl and the Brent contract is above U
Crude oil made a 6-month low overnight with the WTI futures contract trading as low as US$ 87.55 bbl. The slide follows on from data earlier in the week that showed a build-up of inventory in the US. It has managed a small bounce in Asia today.
The EU, US and Iran are holding talks in Vienna in an effort to come to an agreement on Iran’s nuclear program and to bring their oil production back to global markets.
Libya appears to have resolved domestic political tensions and is set to res
DOW JONES, ASX 200, HANG SENG, RETAIL EARNINGS, TECHNICAL ANALYSIS – ASIA PACIFIC INDICES BRIEFING
Dow Jones soars on rosy retail earnings as Wall Street aims for a strong week
Traders brush aside softer US GDP figure, where internals are still encouraging
ASX 200 and Hang Seng Index may rise, but will their breakouts last for long?
THURSDAY’S WALL STREET TRADING SESSION RECAP
Market sentiment notably improved over the past 24 hours. On Wall Street, futures tracking
April 13 (Reuters) - U.S. stock index futures edged higher on Wednesday ahead of earnings from U.S. bank JPMorgan Chase, which will kick off the first-quarter earnings season against the backdrop of surging inflation.
JPMorgan Chase & Co (JPM.N) slipped 0.4% in premarket trading. Investors will be looking for commentary on the outlook for consumer spending and borrowing, net interest income, market volatility and M&A and IPO pipelines.
Quarterly results from W
Dear IG Community,
As we are approaching the statements period. We would like to share some information on UK Consolidated Tax Certificates (CTC) statements. The aim of this post is to provide you with some key information on UK CTC statements release and hopefully clear out some questions you may have. 1) What is a CTC ? It is a document for UK fiscal resident clients and is used to show the dividends received in a tax year and the breakdown of the different types of instruments that have
WHEN DOES FACEBOOK REPORT EARNINGS?
Facebook is set to release its Q3 financial results on 25 October, after the market closes. At the time of writing, expectations are pointing to a 32.1% increase in earnings per share to US$3.17, up from US$2.40 a year ago.
FACEBOOK EARNINGS – WHAT TO EXPECT
For the upcoming earnings release, the impact of Apple’s anti-tracking initiative on Facebook’s businesses will be closely assessed, as the management has previously cautioned of a larger im
HSBC rides out China property storm with 74% profit jump, $2 bln buyback
SINGAPORE/LONDON, Oct 25 (Reuters) - HSBC (HSBA.L) shrugged off concerns about pandemic-related bad loans and property problems in China on Monday with a surprise 74% quarterly profit jump and a $2 billion share buyback.
The British bank's profit growth was mainly driven by the release of cash reserves set aside in anticipation of pandemic-induced defaults, with HSBC's finance chief Ewen Stevenson tell
Asian shares steady, dollar weak as traders await earnings
HONG KONG, Oct 25 (Reuters) - Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies.
HSBC (HSBA.L) and Facebook (FB.O) will both publish quarterly results on Monday, in Asian trading and late U.S. hours respectively.
Here are three LSE mainboard stocks to watch this week.
Morrisons share price fell 3.77% on Monday morning (04 October 2021), following reports that it will be acquired by a US private equity group
National Australia Bank shares deserve a rosy outlook, but its peer, top lender Commonwealth Bank, may underperform, analysts believe.
Shares National Australia Bank Commonwealth Bank Australia Bank Apple Inc.
CRUDE OIL PRICE OUTLOOK:
Oil prices are steady on Wednesday after API reported a larger-than-expected fall in crude inventories
OPEC+ will meet to discuss easing pandemic-era production cuts on Thursday
WTI is challenging a key chart resistance at $73.5, but upward momentum is fading
Crude oil prices held gains during Wednesday’s APAC session, trading near two-and-half year highs. Risk appetite was revitalized after a lab report showed that Moderna
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