Markets and Economy
Read our latest market commentary on of-the-moment trends so you can make informed investment decisions
CPI Ahead, Oracle Tops Estimates, But Eyes on Oil
Investors wait for the February CPI this morning and mull stronger-than-expected earnings from Oracle, with eyes on crude oil as war news continues to drive trading.
Looking to the Futures
April Light Sweet Crude Oil Futures (/CLJ26) is trading up 2.70% to $85.70 in the pre-market as market participants await news from the G-7 Energy Ministers on an International Energy Agency (IEA) proposal for a release from strategic reserves. Consumer Price Index (CPI) Figures were also released this morning. CPI came in line with expectations, rising 2.4% year on year and 0.3% month on month. Excluding food and energy prices, CPI rise 0.2% monthly and 2.5% year on year also matches estimates.
Stocks Little Changed on Inflation as Crude Climbs
The February consumer price increase matched expectations, and crude rose after carrier ships were hit with projectiles and markets anticipated a large release of oil stocks.
Volatile Markets Keep Looking Toward Middle East
Though Wall Street embarked on a massive rebound yesterday, choppiness could remain a feature with crude oil elevated. Oracle reports later today and key CPI data comes tomorrow.
After Worst Week in Months, Oil's Influence is Key
Crude oil prices could continue calling the shots this week as war remains front and center. Last Friday's disappointing jobs report raises new economic questions as CPI looms.
Iran War: Potential Impact on Global Equities
If tensions de-escalate soon, there could be relatively little impact on international markets. However, risks will rise if global energy supplies face a prolonged disruption.
Weekly Trader's Outlook
Major indices are on track for weekly losses as the U.S./Iran conflict sends oil prices, volatility and Treasury yields higher.
Waiting for Jobs Data, Watching Crude and War News
Today's February nonfarm payrolls report might shift attention from war news, at least for the moment. Analysts expect a gain of 60,000 jobs, down from 130,000 in January.
Awaiting Key Jobs Data, Investors Monitor War News
Though war news may continue to dominate, investors are also focused on Friday's February jobs report and yesterday's Broadcom results. Productivity and monthly layoff data loom.
The Short Interest Monitor
This snapshot of stocks with elevated and rising short interest can help traders gauge market sentiment and positioning in key areas of the market.