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Brent crude rebounds as US stock futures surge
Another reaction playing out across the markets since the release of the rather benign US CPI report has seen oil prices rebound. Of course higher stocks often means higher oil and that is certainly how it is playing out so far this afternoon. Earlier, the break below $82.45 in January Brent did deliver a move to test $82 per barrel, but in the event that level held. The low seen was set at $82.06 and now it is jumping back to test the $83 handle once more
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Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
