A sharp selloff in euro zone sovereign bonds over the past two weeks is proving a shot in the arm for the European Central Bank’s asset purchase plan, allaying concerns the bank may struggle to find enough bonds to buy. As bond prices fall, yields rise, and the proportion of all euro-denominated government bonds with bid yields below zero dropped to 25.2 percent on May 8 from 35.9 percent on
Brent crude futures rose towards $66 on Tuesday, lifted by a weaker dollar and the Yemen conflict, but concerns of oversupply weighed on prices amid news of record high output from Saudi Arabia in April and Iraqi plans for record exports in June. June West Texas Intermediate (WTI) rose 58 cents to $59.83 a barrel, after touching $60.55 a barrel earlier in the day. Top global oil exporter Saudi Arabia
AOL decided to sell to Verizon in order to compete in a future marketplace dominated by larger players, CEO Tim Armstrong tells CNBC.
A rally in the price of oil over the last couple of months has derailed a rebalancing of the commodity’s price, Goldman Sachs warned.
In typical fashion, the retailers wrap up the earning season. Will investors like what these stores have to offer?
Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent in 2012, the federal debt held by the public is expected to hit $40 trillion in 2035.
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Brent and WTI crude oil prices will remain below $100 a barrel until at least 2025, according to a draft report by OPEC, seen by The Wall Street Journal.
The chances of another sharp fall in the price of oil is rapidly receding, according to a notable European commodity analyst.
So as a new week begins following a comforting jobs report and decent little stock rally Friday, these are the things to watch.
