Premarkets are down fractionally that put the S&P 500 on track for a fourth straight decline and opening markets are expected to follow suit.
Brent crude oil soared more than 4 percent towards $59 a barrel today after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.
The offset to tumbling stocks, as previously observed, is oil, with WTI soaring over 6% in a delayed HFT algo computers response to the Qatar headlines.
Here is the current market situation from CNN Money
European markets are sharply lower today with shares in Germany off the most. The DAX is down 1.65% while France's CAC 40 is off 1.48% and London's FTSE 100 is lower by 1.42%.
The market was expecting the weekly initial unemployment claims at 282,000 to 300,000 (consensus 293,000) vs the 282,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 304,750 (reported last week as 304,750) to 297,000. The rolling averages have been equal to or under 300,000 for most of the last 6 months.
LONDON (Reuters) - Brent crude oil soared more than 4 percent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.
LONDON (Reuters) - Royal Dutch Shell is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.
In a somewhat surprising turn of events, this morning's futures reaction to last night's shocking start of a completely unexpected Yemen proxy war, which has seen an alliance of Gulf State launch an air, and soon land, war against Yemen's Houthi rebels, is what one would expect: down, and down big.
This is surprising, because on previous occasions one would expect the NY Fed, or its pet hedge fund, Citadel, or the BOJ or ECB (via the CME's "Central Bank Incentive Program") to aggressively buy ES to prevent a slide, something has changed, and for the BTFDers, that something may be very fatal with the e-Mini rapidly approaching a 1-handle yet again.
The offset to tumbling stocks, as previously observed, is oil, with WTI soaring over 6% in a delayed algo response to the Qatar headlines.
WTI rose as high as mid-$52 before retreating modestly:
"Rising prices could become a self-fulfilling prophecy if market participants see this as the ...
HERZOGENAURACH, Germany (Reuters) - German sportswear firm Adidas announced plans to revolutionize the way it manufactures goods to speed up production and allow more customization of goods to help it accelerate sales and profit growth in the next five years.
This commentary will undoubtedly antagonize the entire mainstream media, many/most traders in the rigged casinos we call markets, and even many members of the Alternative Media. As the saying goes; "the truth hurts."
The purpose of this analysis is not to accumulate (more) enemies, however. Rather, there is simply no way to properly explain why all of this pseudo-analysis is fatally flawed without explicitly making clear one, central point: all price-analysis is meaningless. Since "price analysis" accounts for roughly 95% of all the drivel which the mainstream media calls "analysis"; this one point alone invalidates virtually all of the Corporate media's trash.
Why is all price-analysis meaningless? Understanding this requires understanding the economic definition of "price": the intersection point between supply and demand. It is this intersection point (and only this intersection point) which bestows any "meaning" to price as an economic indicator, and thus analytical tool.
(Reuters) - Hainan Airlines Co Ltd , China's fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.
ADELAIDE, Australia (Reuters) - At least some of Australia's new submarine fleet should be built in the country, an influential retired Japanese admiral said on Thursday, signaling a possible softening in Japan's position on the controversial A$50 billion ($39 billion) project.
SANAND, Gujarat (Reuters) - Ford Motor Co has invested $1 billion in a new plant in western India which will help the automaker triple exports from the country, chief executive Mark Fields told reporters on Thursday.
JAKARTA (Reuters) - Indonesia wants to play a major role in a new Chinese-led Asian infrastructure bank, with at least the vice-president's position reserved for the Southeast Asian country, the finance minister said.
A key ingredient in 3G Capital Partners LP's recipe for reshaping the U.S. food industryâ€"reflected in its roughly $49 billion deal to acquire Kraft Foods â€"is an arcane-sounding financial tool that slashes costs by focusing on details as minute as how to make photocopies.
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