UPDATE 1-Approaching wave of ECB cash lifts inflation expectations *Five-year, five-year breakeven forward above 1.80 percent. LONDON, Dec 1- A closely watched measure of long-term market inflation expectations reached its highest level since July on Tuesday, as investors anticipated a comprehensive monetary policy easing package from the European Central Bank this week. "It reflects to some degree the expectation that the...
COLUMN-Shorting OPEC, hedge funds leave crude prices at risk from recoil: Kemp Commentators and investors are almost unanimous in expecting OPEC to leave its production target unchanged. OPEC ministers, led by Saudi Arabia's Ali Naimi, have done nothing to contradict that view, leaving hedge funds free to continue selling in the expectation prices will move even lower. OPEC could decide to confound investors by agreeing to cut output in...
| By: John Kemp
US STOCKS-Wall St pares gains after weak manufacturing data Dec 1- Wall Street kicked off the last month of the year on a positive note but pared early gains after data showed the U.S. manufacturing sector contracted in November, falling to its worst levels since June 2009. The Institute for Supply Management said its index of national factory activity fell to 48.6, the first time the index went below 50 since November 2012.
| By: Tanya Agrawal
FOREX-Dollar drops as data fuels uncertainty on Fed-ECB policy divergence *Dollar drops on weak manufacturing data. NEW YORK, Dec 1- The dollar fell on Tuesday as upbeat European economic data and a drop in U.S. manufacturing employment knocked the greenback from 8-1/ 2- month highs against a basket of major currencies. It is still not clear what move the European Central Bank will make in terms of increasing monetary stimulus when it...
| By: Dion Rabouin
UnitedHealth CEO terms ACA exchange growth a 'bad decision' UnitedHealth CEO Stephen Hemsley says the nation's biggest health insurer made a bad decision when it dove deeper into the Affordable Care Act's public insurance exchanges this year. UnitedHealth Group Inc. sold coverage on just four exchanges in 2014.. The Minnetonka, Minnesota, company will decide next year whether to sell coverage for 2017 on the...
Source: The Associated Press
| By: By The Associated Press
WFC CEO: Biggest risks to US economy Wells Fargo Chairman and CEO John Stumpf, discusses the overall health of the U.S. economy, including the boost in consumer savings, the Fed's move on interest rates and how Wells Fargo is positioning its assets. We take a long-term view says, Stumpf.