Crude oil rises after bullish forecast, Fed minutes Crude oil futures rose in early Asian trade on thin volumes after an influential forecaster predicted that a market rally was not far off and U.S. Federal Reserve minutes suggested there was no hurry to raise rates.
Nikkei up on cautious Fed minutes; Fast Retailing dives on earnings concerns *Nikkei's gains capped on Fast Retailing's heavy drop. TOKYO, Oct 9- Japan's Nikkei share average rose on Friday as Wall Street gained after the Federal Reserve's September meeting minutes suggested U.S. interest rates will remain near zero for the time being. But the gains were capped after index heavyweight Fast Retailing Co dived 9.4 percent on earnings...
METALS-London zinc jumps after Glencore production cuts MELBOURNE, Oct 9- London zinc surged three percent on Friday after top miner Glencore said it would slash its annual output by a third, while overall sentiment for metals was buoyed by minutes showing the Federal Reserve was in no hurry to raise rates. *Shanghai zinc gained 1.4 percent to 14,020 yuan a tonne. *Commodities giant Glencore said on Friday it will cut...
GRAINS-U.S. wheat ticks higher, investors eye USDA report SINGAPORE, Oct 9- Chicago wheat futures edged higher on Friday, taking a breather after falling nearly 3 percent in the past two sessions on forecasts for beneficial rains in parts of the U.S. winter crop belt. Corn and soybean prices were largely unchanged as investors waited on monthly supply-demand reports from the U.S. Department of Agriculture later in the...
Crude oil futures rise after bullish forecast, Fed minutes Brent was up 20 cents at $53.25 a barrel at 0059 GMT. U.S. crude was 12 cents higher at $49.55 a barrel, after rising 3.4 percent to close at $49.43 a barrel. PIRA Energy Group, a closely watched forecaster that predicted the slump in oil prices a year ago, said on Thursday it expects crude prices to rise to $70 per barrel by the end of 2016 and $75 a barrel in 2017..
GLOBAL MARKETS-Asia stocks shine as Fed minutes confirm no urgency to tighten policy TOKYO, Oct 9- Asian shares rose on Friday, taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve's latest meeting led investors to further pare bets that the central bank will hike interest rates this year. Oil prices climbed to their highest in three months on Thursday, after forecaster PIRA Energy Group...
| By: Lisa Twaronite
4 trades on struggling IPO darlings "Fast Money" traders discussed how to trade Alibaba, GoPro and Box, which have struggled after huge IPOs in the last 18 months.
| By: Jacob Pramuk
Gap shares fall on disappointing sales at Banana Republic The move announced Thursday comes as the chain, which also operates Old Navy and Gap stores, reported a sharp drop for a key revenue measure in September for the upscale brand. Marissa Webb, who was hired to re-energize the Banana Republic brand and is known for her oversized jackets, will transition into a creative-adviser role "affording her more time to focus on...
Source: The Associated Press