Kashkari
2.3% Rise in Crude Oil Price Sets the Tone
May 5, 2016
West Texas Intermediate crude oil rose a whole dollar to $44.78 per barrel on news of the lowest U.S. production last week in nineteen months. There was an implicit signal from Saudi Arabia that its official believe oil has bottomed and will rise further. Comex gold is 0.3% higher at $1,278.50 per ounce. Firmer commodity […] More
Most Equities Have Firmer Tone
April 4, 2016
Friday’s post-jobs report rise in stocks has carried into Monday’s session. U.S. futures are indicated higher. Stocks rose 0.5% in India, 0.6% in Singapore and New Zealand and 0.3% in South Korea. Japan’s Nikkei slipped 0.3%, and Taiwan, China, and Hong Kong were closed, observing the Ching Ming Festival. In Europe, share prices have risen […] More
