Dow erases 500 point drop and closes higher in another wild session on Wall Street

Stocks rose on Monday erasing sharp losses from earlier in the day as shares of technology companies posted strong rebounds across the board.The Dow Jones Industrial Average closed 34.31 points higher at 24423.26 erasing a 507point drop. The S&P 500 rose 0.2 percent to 2637.72 while the techheavy Nasdaq Composite jumped 0.7 percent to 7020.52. [read more]

Abu Dhabi Ports hopes for 'huge' trade boost from deal with China's Cosco

The CEO of Abu Dhabi Ports said that the company remains good allies of all countries as it embarks on an agreement that will see its flagship port become a hub in Chinas widereaching belt and road initiative.Mohamed Al Shamisi told CNBCs Dan Murphy over the weekend that his [read more]

Dow futures drop nearly 200 points as sell-off looks set to continue in new week

U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China.Dow Jones Industrial Average futures dropped 197 points implying a decline of 173.95 points at Mondays open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last week.Earlier on Sunday China summoned the U.S. ambassador to Beijing to protest Huawei [read more]

What To Expect For US November Non-Farm Pay Roll

Calendar by Forex FactoryU.S. employers probably kept up a robust pace of hiring in November that was closer to the 2018 trend rate after hurricanes distorted data for the prior two months.Nonfarm payrolls rose 198000 according to the median of estimates in Bloombergs survey of economists before the Labor Department releases its monthly employment report Friday at 830 a.m. in Washington. While thats well below the 250000 increase in October its close to the 210000 average over the past 12 months.Economists also project average hourly earnings will post a solid 3.1 [read more]

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 weeks meeting in Austria of OPEC and other top oil producing nations is shaping up [read more]

Market sell off set to continue as Dow futures get hit

U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China.On Wednesday evening futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and as [read more]

Asian markets slip ahead of closely watched OPEC meeting; Hong Kong falls more than 2 percent

Stocks in Asia slipped during Thursday morning trade continuing a decline in markets worldwide ahead of a closely watched meeting by the Organization of the Petroleum Exporting Countries (OPEC).Hong Kongs Hang Seng index fell 2.26 percent in early trade with shares of Chinese tech heavy weight Tencent falling more than 2 percent.The mainland Chinese markets in focus due to Beijings trade dispute with Washington traded [read more]

Asian stocks stumble following Wall Street plunge

Stocks in Asia traded down Wednesday morning after an overnight plunge on Wall Street as investors worried about a potential economic slowdown and the state of the U.S.China trade war.The mainland Chinese markets closely watched in relation to Beijings ongoing dispute with Washington slipped into negative territory in early trade. The Shanghai composite declined 1.09 percent while the Shenzhen composite fell by 1.586 percent. [read more]

Palladium hits record high, briefly surpasses gold price

Palladium soared to a record high on Tuesday fueled by speculative interest and tight supplies of the autocatalyst metal briefly surpassing bullion which scaled to more than a fiveweek peak as the dollar slid.Spot gold was up 0.6 percent to $1237.81 per ounce after earlier hitting $1241.86 the highest price since Oct. 26. U.S. gold futures settled up 0.56 percent at $1246.60 per ounce.Palladium [read more]

Autos drag European markets lower amid worries over US China trade truce

European stocks shifted lower Tuesday amid rising doubts over whether the worlds two largest economies will be able to resolve their trade differences.The panEuropean Stoxx 600 was down 0.7 percent during deals with most sectors and major bourses in negative territory.Europes autos sector which has been the most sensitive to trade war fears in recent months led the losses down almost 2.5 percent Tuesday. Frances  [read more]