Some Investors Sense Opportunities in Big Oil
Link between oil prices and energy stocks disrupted; uncertainty remains over crude revival, electric car effect. Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks. While shares in top energy companies have risen since mid-2017, they have failed to keep step with recovering crude markets, opening up a historically unusual performance gap. Big oil stocks have also underperformed broader equity indexes.
Oil, Equities, Emerging Markets End Year on Upbeat
Oil prices edged down on Friday but headed for their biggest annual percentage rise since 2009, with world stocks also up nearly 6 percent over the year despite concerns over China's slowing growth and weakening currency. Global markets have fared surprisingly well in a year marked by major political shocks, including June's Brexit vote and the unexpected election of Donald Trump as U.S. president in November. U.S.
Equity, Macro Hedge Funds Look to Bounce Back
Developed market equity, macroeconomic trend funds lag; commodity, emerging markets, U.S. stocks lead the gainers. For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget. Beset by investors pressing for lower fees and the dulling effect of central bank easy monetary policies…
U.S. Stocks Near Record Highs, Oil Falls
Oil prices fall over 1 pct on supply concerns. U.S. stock prices rose on Monday, with the Dow Jones Industrial Average and S&P 500 hovering near record highs amid upbeat company earnings, while oil fell on worries about growing supply and traders brushing off a failed coup in Turkey. As Turkish authorities sought to retaliate for a bid by a faction of the armed forces to seize power, traders pared safe-haven holdings of yen, gold and low-risk government bonds.
Oil, Stocks Climb as Investors Look to Fed
Better-than-expected BP earnings lift European stocks; oil prices recover on weaker dollar, new cash. World stocks climbed for the first time in four days on Tuesday and a weaker dollar helped oil prices gain too, as investors fine-tuned their expectations for monetary policy meetings in the United States and Japan. European shares also benefited from a less-bad-than-expected 80 percent first quarter profit fall and an unchanged dividend from BP…
Yen Drops on Rate Cut Talk; Oil Climbs
The U.S. dollar rose to a three week high against the yen on Friday, on a report of likely further monetary policy easing from the Bank of Japan, while a rise in crude oil prices was offset by poor technology sector earnings, leaving Wall Street stocks steady. The dollar rose more than 2.0 percent against the yen to 111.80 yen, its highest level since April 1 after a media…
Oil Down, but Stocks Holding Up
Oil prices give up gains, fall 3 percent; Focus turns to Fed meetings. Oil prices tumbled 3 percent on Monday and dragged the dollar down, but world stocks clung onto gains in a sign of stabilisation after a horrendous start to the year. Crude oil prices fell 3 percent as Iraq announced record-high oil production feeding into a heavily over supplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last Friday.
Oil, Commodities Worst 2015 Performers
Oil and commodities were the world's worst-performing asset class for the second year running in 2015, pressured by China's economic slowdown and excess supply. Brent crude looked set for a loss of around 36 percent for the year as sustained selling pushed prices near 11-year lows, and the outlook for oil prices looks bleak for 2016. The Thomson Reuters CRB commodities index fell 24 percent to six-year lows. Among currencies, the U.S.
Bouncing Energy Shares Help European Stocks Extend Rally
A rebound in most energy shares drove European equities higher on Monday, while Greece's bourse was also boosted by the country's prime minister offering to bring pro-European independents into the government. Bucking the trend, shares in Italian lender Banca Monte dei Paschi di Siena shed 7.3 percent, hit by renewed fears of big writedowns on poorly performing loans. Monte…
World stocks rise as oil plumbs 13-month low
European shares rise on corporate earnings, easier oil. Brent crude oil prices fall below $103 on ample supplies. Sterling hits 10-week low vs dollar as UK wages fall. World stock markets ticked higher on Wednesday, lifted by brighter corporate results and as oil prices plumbed 13-month lows with ample supply offseting output disruption risks posed by tensions in Iraq and Libya.
Wall Street adds to Gains on Russia Relief
Wall Street gains modestly with help from Fed's Fischer; safe-haven bonds fall. Dollar rises and emerging markets for equities rally. Global stocks bounced after recent sell-offs and core government debt prices fell on Monday as markets saw receding risks of direct conflict between Russia and Ukraine while Middle East tensions diminished. Wall Street, which erased a week's…
Russia-West Tension Impacts Stocks, Energy
World stocks steadied above 10-day lows on Monday, with investors holding back from making aggressive bets as tensions between Russia and the West over Ukraine showed no sign of easing. MSCI's world equity index was flat after falling 0.7 percent on Friday. Markets, especially in Asia, had earlier been hit by signals that Chinese authorities are unlikely to support the economy with more stimulus…
Climate is Right for Clean Energy Firms
If you're ecology minded, the news hasn't been all that green of late, with ice caps and glaciers melting and storms becoming more destructive. But there is a huge silver lining for long-term investors in environmentally-friendly companies and technologies. To stave off a nearly 5-degree global temperature increase by 2100, nations must cut their global greenhouse emissions by up to 70 percent by the middle of this century…
