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2 Articles
Source: Common Domain

U.S. stock futures retreat ahead of big internet earnings, as crude oil jumps

Tuesday 09:00 GMT

U.S. stock futures fell Monday, as investors face a big week for corporate quarterly results and economic data, following an extended holiday weekend.

West Texas Intermediate crude futures CLK9, +2.17%  jumped $1.51, or 2.4%, to $65.51 a barrel, while Brent crude futures LCOM9, +2.33%  surged $1.81, or 2.5%, to $73.79 a barrel. Gains came after reports that the U.S. will stop issuing waivers for countries to import Iranian oil, with an announcement possibly as soon as Monday.

1 Article
Source: The Guradian

Trump says he will not nominate Herman Cain to Federal Reserve board

Tuesday 09:54 GMT

Trump tweeted: “My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve board.

Moore made the points in four columns, asking if there was any area in life “where men can take vacation from women” and calling it a “travesty” that men and women play sports together in recreational leagues.

1 Article
Source: Reuters

Strong stock and bond markets at odds over global growth

Tuesday 04:14 GMT

Yet with the U.S. benchmark S&P 500 near a record level and corporate junk bonds notching new highs, the question stock and bond investors are asking is whether the Fed’s next move will be a rate cut that further propels risk assets or a rate hike that cuts into the stock market’s momentum.

“I don’t think that equilibrium will last much longer,” she added, saying rising inflation and low unemployment could soon test global markets’ ability to cope with tighter monetary policy.


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