Oil Demand Growth Faces Significant Headwinds
Global oil markets are experiencing structural headwinds due to declining demand driven by a confluence of factors including a slowing global economy, shifting priorities in Asia, and trade frictions.
Global oil markets are experiencing structural headwinds due to declining demand driven by a confluence of factors including a slowing global economy, shifting priorities in Asia, and trade frictions.
(Bloomberg) -- Traders rattled by the rout in long-dated Treasuries are turning more bearish as yields continue to oscillate around a key 5% psychological threshold. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNY Wins Order Against US Funding Freeze in Congestion FightNY Congestion Pricing Is Likely to Stay Until Year End During Court CaseA JPMorgan Chase & Co. survey of traders released Wednesday spotlighted that investors expect the selloff to worsen,
(Bloomberg) -- Solid investor demand at the Treasury Department’s $70 billion auction of new five-year notes offered the latest evidence of appetite for shorter-term securities. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNY Wins Order Against US Funding Freeze in Congestion FightNY Congestion Pricing Is Likely to Stay Until Year End During Court CaseYields across US debt maturities edged off their session lows after the sale on Wednesday, which saw ind
U.S. stocks closed lower a day after leaping back within a few good days' worth of gains from their all-time high. The S&P 500 fell 0.6% Wednesday after meandering between earlier gains and losses. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite fell 0.5%.
U.S. stocks closed lower a day after leaping back within a few good days' worth of gains from their all-time high. The S&P 500 fell 0.6% Wednesday after meandering between earlier gains and losses. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite fell 0.5%.
Investors also waited for tech giant Nvidia to report its results for the first quarter.
Behind the scenes, officials at the Federal Reserve were just as uncertain about the economy's trajectory as they were in public, meeting minutes confirm.
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WBA is the worst stock to own in June, historically, on the S&P 500
Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of President Donald Trump's tariffs on inflation, unemployment, and the broader economy. According to minutes from their May 6-7 meeting, released Wednesday, “almost all” of the 19 officials that participate in the Fed's meetings on policy saw a risk that "inflation could prove to be more persistent than expected.” The policymakers showed greater concerns about higher inflation than rising unemployment, the minutes showed, a key reason they left rates unchanged.