US Stocks End Lower Drag By Chips Maker And Philip Morris

U.S. stocks ended lower on Thursday with consumer staples real estate and technology shares leading the losses.Investors continued to digest a mixed bag of corporate earnings. While results have largely come in ahead of expectations thus far there have been some disappointments and others havent produced the kind of blowout results seen necessary to continue pushing shares higher from elevated levels.Stocks extended their decline as Treasurys sold off pushing the yield on the 10year note TMUBMUSD10Y 0.13%  toward a 2018 high. Stocks closed off the lows [read more]

Japan: No clear picture of the future trade relationship with US - Nomura

Analysts at Nomura suggest that following President Trumps meeting with Prime Minister Abe no clear picture of the future trade relationship has emerged as the divergence in their views is unchanged. Key Quotes The two countries agreed to create a new negotiation framework where USTR Lighthizer and Japanese Economy Minister Motegi will lead the negotiations. If the creation of a new framework successfully delays harsh discussions on trade for now as the PenceAso dialogue did delays would be good for the [read more]

Oil Bullish Signal! OPEC Deeper Cut To Production.

Crude has surged to a threeyear high the stockpile surplus is all but gone and OPECs chokehold on its own production is only getting tighter. As oil ministers gather in Saudi Arabia the $80 a barrel the kingdom desires is inching closer.The petronations seem willing to overtighten the market with the current price levels fostering confidence in [read more]

Oil Price Will Rise $100 If Suadi Arabia Gets Its Way

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way.Only a week ago news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrelReuters reports that Riyadh would be fine with prices rising that far which lends weight to the notion that OPEC will keep the production cuts in place even as its mission to drain surplus oil inventories around the [read more]

US Economy Awfully Good, Said Goldman Sachs CEO Lioyd Blankfein

Goldman Sachs CEO Lloyd Blankfein Economy looks awfully good and should keep growingGoldman Sachs CEO Lloyd Blankfein gives glowing remarks on the U.S. economy saying that things look awfully good.In a CNBC interview the banking executive also says he doesnt foresee the U.S. and China getting to a meanspirited trade war that would be so bad.He also calls David Solomon the CEOinwaiting though he gives no indication of when hell be stepping down.The economy is in good shape now and appears to have some staying power Goldman Sachs CEO [read more]

Oil hits fresh 3.5-year high in Asia

Oil prices rose to their highest level since late 2014 in Asia as traders factored in a drop in the US oil inventories in the week ended April 13.Brent oil rose to a 3.5year high of $73.96 and was last seen trading at $73.76barrel.On similar lines WTI frontmonth contract hit a high of $68.95 before retreating slightly to $68.70.US commercial oil inventories dropped by 1.1 million barrels in the week through April 13 according to the US Energy Information Administration (EIA). Meanwhile gasoline stocks [read more]