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West Texas Intermediate, Brent Crude Trades Higher Pre-Bell

West Texas Intermediate (WTI) crude oil futures for delivery in February were 0.4% higher at $54.15 per barrel during Wednesday’s pre-market trading session, while Brent crude futures for delivery in the same month were also up 0.4% at $56.43 per barrel. Oil markets are generally adhering to a mildly optimisticRead More

Dollar Buoyed by Strong Consumer Confidence

The dollar closed higher against the yen and euro for the first time in five days, buoyed by a record high in the Nasdaq Composite, higher bond yields and 15-year high in U.S. consumer confidence. Although the USD returned some of its gains against the yen after failing to breachRead More

Bonds Edge Higher in Quiet Pre-Holiday Trade

U.S. Treasuries traded near the week’s lowest yield/highest price levels Friday with the long end leading while the two-year lagged in holiday-thinned trade ahead of an early close and long weekend. Participants anticipate little in the way of activity although ongoing geopolitical concerns are expected to keep a floor underRead More

European Equity Benchmarks Close Mixed

The broad-based major European indices closed mixed on Thursday, with rising oil stocks and commodities helping nudge London’s FTSE and Paris’ CAC indices into positive territory. In economic news, the Dec flash estimate of the consumer confidence indicator increased in both the euro area (by 1.1 points to -5.1) andRead More

Dollar Regains Composure

The dollar has recouped most of its losses against the yen and euro following anemic personal income and spending data at 10am ET on Thursday. USD/JPY slipped to 117.25 from 117.70 on a 0.2% gain in spending and unchanged income that missed +0.3% expectations for both. Accordingly, EUR/USD shot upRead More

Early Christmas Shopping, Black Friday Sales Give British Retailers a Temporary Boost

British retail sales grew at their fastest rate in more than a year during the three weeks through Dec. 13 as consumers snapped up clothing and groceries, a survey by the Confederation of British Industry (CBI) showed on Tuesday. The CBI said its retail sales index rose to a readingRead More