Gold Silver Reports (GSR) — “Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ Powell said in the text of a speech to be delivered to a housing conference in Washington on Thursday. “In fact, by many national-level measures, our labor market is very strong.’’
markets
India Growth Forecast Cut by Fitch Amid RBI-Government Spat
Economic growth may become a casualty of the tug-of-war between India’s government and its central bank.
As the world’s Top Oil Producing Nations Meet, Here are 5 Issues on everyone’s mind
From the lingering backlash over the killing of journalist Jamal Khashoggi to the collapsing oil price, this week’s meeting in Austria of OPEC and other top oil producing nations is shaping up to be the most important, and most unusual, in years. There are many story lines. Here are the 5 to watch most closely.
India’s Sensex Declines Ahead of Central Bank’s Rate Review
The S&P BSE Sensex declined 0.6 percent, the most in two weeks, to 35,907.31 as of 9:53 a.m. in Mumbai, while the NSE Nifty 50 Index slipped 0.7 percent. Markets across Asia tumbled following the biggest slide on Wall Street since mid-October.
Crude Oil Jumps – Russia, Saudis Agree to Extend Alliance, But without specifics
Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.
As Fed Rethinks Path for Rates, Gold’s Poised to Jump in 2019
Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019.
US Markets Rally on US-China Trade War Truce; Dollar Down, Yuan Up
The equities rally followed a US-China trade deal at the G20 summit in Argentina calling for a 90-day trade tariff truce. Oil prices jumped nearly 4%.
Fed Concerns Aren’t Over For the Market Yet
Trade relations between China and the U.S. overshadow most everything as stocks enter the month of December, but in the week ahead the Fed and U.S. economy come back into play with important Fed testimony and the November employment report.
Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!
Crude Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!
As Oil Plunges, the Real OPEC Meeting Will Be at Next Week’s G20 – Money Market Guru
For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule.
The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of the G20 summit in Buenos Aires in a meeting that may well decide the direction of oil prices in 2019.