Oil bounces back to bull market fueled by OPEC cuts, trade talks
14 January, 2019, 05:26
Global markets were mixed Friday as investors cheered the Federal Reserve's more restrained stance and opted to view this week's U.S.
ASIA'S DAY: Japan's Nikkei 225 index advanced 1 percent to 20,359.70 and South Korea's Kospi was 0.6 percent higher at 2,075.57. Hong Kong's Hang Seng rose 0.4 percent to 26,633.47. Australia's S&P ASX 200 lost 0.4 percent to 5,774.60. Shares rose Taiwan, Singapore and Malaysia but fell in the Philippines.
At trading start on Thursday, oil prices were down around 1 percent as USA crude production endured at a record high level to keep a downward pressure on prices. But industrial companies rallied after USA negotiators said China had agreed to buy more energy and agricultural products and manufactured goods. The Shanghai Composite surged 0.7 percent to 2,553.83.
A clutch of Fed officials said on Wednesday they will wait to deliver more interest rate hikes so the central bank can further assess growing risks to an otherwise solid USA economic outlook. He echoed the tone of other Fed officials who were present at a meeting last month. A market-sensitive Fed is reassuring to investors who fear its tightening policies would send the USA economy into recession.
Following this week's midlevel discussions to resolve their trade concerns, the United States and China have agreed to move ahead with another round of negotiations at the end of January.
The pan-European STOXX 600 .STOXX benchmark was up 0.09 percent, bringing its weekly gain to 1.7 percent.MSCI's all-country index .MIWD00000PUS , was flat at 473.26.
"Amid easing trade tension and a weaker US dollar, crude oil prices rallied after Saudi Arabia reassured the market that its production cuts would remain in place", ANZ bank said on Thursday.
"Sentiment is greatly improved, and trade talk optimism has helped boost risk appetite", Jasper Lawler, head of research at London Capital Group, said in a note.
CHINESE ECONOMY: On Thursday, China released consumer and producer inflation figures that missed the mark.
U.S. Treasury yields last stood at 2.696 percent, down from 2.710 percent at the U.S. close on Wednesday.
Benchmark 10-year notes were last down 2/32 in price to yield 2.7225 percent after earlier rising to 2.747 percent, the highest since December 28. Slowing inflation is not a good sign, as it raises questions about the health of the world's second largest economy.
Crude oil's rally is starting to sweep away the pessimists.
International Brent crude futures were also down 1.3 percent, or 79 cents, at $60.65 per barrel.
West Texas Intermediate crude closed at $52.36/bbl, completing a 23% recovery since hitting an 18-month low on Christmas Eve.
Data released by the Energy Information Administration on Wednesday showed USA crude oil stockpiles fell by 1.7 million barrels in the week to January 4, compared with analysts' expectations for a decrease of 2.8 million barrel.
Due to processor shortages and the trade war with China, shipments declined during the last quarter and across the whole of 2018. Consumer shipments accounted for approximately 40 percent of PC shipments in 2018 compared with 49 percent in 2014.
She finished the police academy in July and was promoted to police officer upon graduation. "She was number 11", he said. They went on to issue sympathies for officer Coronas family saying her death was an "incredible, senseless tragedy".
The Sox have already struck deals with relievers Heath Hembree and Tyler Thornburg to avoid arbitration. His almost $10 million jump is the highest arbitration raise ever received by a position player.
Reporters, however, have spotted job listings relevant to this effort, such as this one for a Lead Cross-Platform Game Engineer . Sources say, however, that it will allow gamers to stream video games over the internet.
"Today, the New York Times is suggesting that I am an advocate for white nationalism and white supremacy", King said. In announcing his candidacy, Feenstra described the actions so far of the new Democratic majority in the U.S.
Schumer says it's important the sanctions remain in place while the special counsel's Russian Federation investigation proceeds. In the inquiry, counterintelligence investigators sought to evaluate whether Trump was a potential threat to national security.
Post Uri , Vicky Kaushal will be seen in the upcoming film Takht that is scheduled for a theatrical release in 2020. The film hit the theatres yesterday as it was scheduled to be released on 11th January 2019, Friday.
Specifically, influenza-like illnesses (ILI) this week peaked at 3.5 percent, whereas last year's ILI peaked at 7.5 percent. Because the model is new, CDC researchers said they aren't able to compare those estimates to previous flu seasons .
Maroon 5, Travis Scott, Big Boi to Perform at Super Bowl
The organization works to support economic, environmental and criminal justice innovators, according to its website . The Super Bowl LIII Halftime show will take place on Sunday, February 3rd at Atlanta's Mercedes-Benz Stadium.
Backed Syrian force: Islamic State in 'its final moments'
On Friday, the US -led coalition said it had started the pullout, but officials later said only equipment, not troops, were going. In two tweets on Sunday, Mr Trump said that he didn't want the Kurds to provoke Turkey either. "Create 20 mile safe zone ".
What the Tech? CES Day 4: New TVs
Who really needs an 8K TV? Now, the ultimate game-watching platform has arrived, and it's going to blow you away. However, the company was able to shrink the TV down to a "more home-friendly" 75-inch, modular version.
Windows 10 to reserve 7GB of disk space in future updates
Many Windows 10 machines, such as laptops, have been equipped with relatively small solid-state drives as a cost-saving measure. Being temporary, such files can be safely discarded each time an update is available to reinstate the full reserved capacity.