Commodities

US Open – Netflix misses, Iran seizes a vessel, Silver gains on gold, Bitcoin eyes $10,000

As earnings season picks up, the majority of early corporate profit reports are coming in better than expected, but US stock index futures are being weighed down on faltering trade talks between the US and China.  President Trump reiterates his complaint that his Chinese counterpart is not deliver ...

Futures edge lower as Netflix tumbles

U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note. Netflix Inc (NFLX.O) sank 11.2% premarket as it also missed targets for new subscribers overseas at a time w ...

European update – Markets, UK, gold, oil, bitcoin

Earnings weigh on sentiment We’re facing another day of negative stock markets on Thursday, as earnings season gets off to the tough start that many anticipated. Source – Thomson Reuters Eikon Netflix became the latest company on Thursday to face an investor backlash as subscribers rose at ...

Business Breakfast with OANDA on Jazz FM

OANDA Senior Market Analyst Craig Erlam joins Jazz FMs Michael Wilson to discuss Netflix, Amazon, Carney’s failed IMF bid and Housing. US Open – Netflix misses, Iran seizes a vessel, Silver gains on gold, Bitcoin eyes $10,000Posted 30 minutes ago Gold eases from two-week high on profit-ta ...

Tech Talk for Thursday July 18th 2019

Pre-opening Comments for Thursday July 18th U.S. equity index futures were mixed this morning. S&P 500 futures were down unchanged in pre-opening trade. Index futures were virtually unchanged following release of economic news released at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an inc ...

Treasury yields slide after Trump casts doubt on trade deal

U.S. Treasury prices rose early Wednesday, pushing yields lower, after resurfacing fears around a Trump trade deal weighed on equities, stoking appetite for government bonds. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -0.87% slipped 2.8 basis points to 2.092%, while the ...

Canadian heavy crude surges as crude-by-rail shipments pick up

Heavy Canadian crude prices narrowed to the smallest discount against U.S. benchmark futures since April as crude-by-rail shipments were forecast to increase. Western Canadian Select, an oil sands benchmark, shrank $1.30 to $9.20 a barrel below West Texas Intermediate crude Tuesday, data compiled b ...

Iron ore’s latest rally comes despite improved supply picture

Iron ore, the “red dirt” that is the key ingredient for the manufacture of steel, is attracting significant interest again, both internationally and within China. Its price has just seen one of its sharpest ever rallies, almost doubling in value over seven months to hit $126.35/mt on July 3, re ...

Tech Talk for Wednesday July 17th 2019

Pre-opening Comments for Wednesday July 17th U.S. equity index futures were mixed this morning. The S&P 500 futures were up one point in pre-opening trade. Index futures were virtually unchanged following release of June Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.262 million units fro ...

Oil drops more than 3% after State Secretary Pompeo says Iran is ready to negotiate about its missile program

Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast. Brent crude futures were down $2.56 or 3.7% at $63.86 a barrel, after hitting a session high of $67.09. West Texas Int ...