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Oil

Global Markets

World Markets Quieter On This Last Trading Day of 2016

World stock markets were mixed overnight and on this last trading day of the year. There were no major, markets-moving news developments overnight as a quiet, holiday-shortened trading week draws to a close. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

A marketplace feature of late this week is the weaker U.S. dollar index, which is seeing a normal corrective pullback

Global Markets

World Markets Subdued On Last Trading Day Before Christmas Holiday

Global stock markets were mixed in very quiet, pre-holiday trading Friday, as the Christmas holiday is on Sunday. Most markets are closed on Monday in observance of Christmas. Some markets close early today. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

Gold prices are slightly higher on short covering and bargain hunting following recent selling pressure.

Global Markets

World Markets Subdued Ahead Of Christmas Weekend; Heavy Dose Of U.S. Data Out Today

Global stock markets were mostly weaker in very quiet trading Thursday, as the Christmas holiday weekend is fast approaching. World bond markets have also stabilized late this week, following tumultuous trading the past few weeks that has seen government bond yields in several industrialized countries push significantly higher. Expect activity and volatility in many markets to pick up at the beginning of the new year.

Gold prices are slightly lower in early U.S. trading Thursday, and hovering not far above the recent 10-month low.

Global Markets

World Markets Quieter Wednesday As Christmas Holiday Approaches

European stock markets were narrowly mixed Wednesday as markets activity begins to wind down ahead of the Christmas holiday on Sunday. Asian stock markets were firmer, led by China's Shanghai stock index that posted solid gains. A big China securities company on Tuesday said it would honor the fraudulent bond activities from two of its traders, and that calmed nervous investors.

Many world stock markets are near record or multi-year highs and a pause from recent rallies is not surprising.

Global Markets

Terror Attacks In Europe Not Having Major Impact On World Marketplace

Global stock markets were mostly firmer overnight and U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins Tuesday. The world marketplace has not shown big reactions to violence in Europe Monday that included the assassination of Russia's ambassador to Turkey and terror attacks in Berlin and Zurich that left over a dozen people dead. However, the European stock markets did see buying interest limited on the terror attacks, while the Euro currency dropped to a 13-year low overnight, due in part to the attacks.

Many world stock markets are trading near multi-year and/or record highs and it would not be surprising to see those stock indexes at least pause

Global Markets

World Marketplace Quieter As the Christmas Holiday Approaches

Global markets were subdued overnight, on this week before the Christmas holiday. Trading in many markets is likely to get quieter as the week progresses. Many world stock markets are trading near multi-year and/or record highs and it would not be surprising to see those stock indexes at least pause, if not see some profit-taking, into the end of the year.

World bond markets were also quieter to start the trading week and may be stabilizing after several weeks of rising yields

Global Markets

Strong Appreciation Of U.S. Dollar After Fed Rate Hike Hits Raw Commodity Sector

The feature in the marketplace Thursday is a surging U.S. dollar index that soared to a 13-year high overnight. The greenback is the beneficiary of a U.S. interest rate hike on Wednesday that was accompanied by a surprisingly hawkish tone on monetary policy from the Federal Reserve. There is now talk the Fed could raise interest rates up to three times in 2017.

Victims of the sharp appreciation of the U.S. dollar are raw commodity markets that are priced in U.S. dollars on the world markets, including gold

Global Markets

World Markets On Hold Ahead of FOMC Decision

World stock markets were mostly weaker in subdued trading Wednesday. U.S. stock indexes are pointed toward narrowly mixed openings when the U.S. day session begins.

The marketplace later today gets the results of what is arguably the most important economic event of the month: the U.S. Federal Reserve FOMC meeting, which began Tuesday morning and ends Wednesday afternoon with a statement. Fed Chair Janet Yellen will also hold a press conference after the statement is released at 2:00 p.m. EDT.

Most believe the Fed will raise interest rates for the first time in a year.

Global Markets

World Stock Markets Mostly Up Tuesday; FOMC Meeting Set To Begin

The marketplace is awaiting what is arguably the most important economic event of the month: the U.S. Federal Reserve FOMC meeting, which begins Tuesday morning and ends Wednesday afternoon with a statement. Most believe the Fed will raise interest rates for the first time in a year.

In fact, the Fed funds futures market shows a 100% chance the Fed will raise U.S. interest rates this week. With a Fed rate hike so fully expected, markets have mostly factored it into their price structures.

Thus, don't be surprised to see many markets show a "buy the rumor, sell the fact" scenario following the actual announcement of the Fed rate hike.

Oil

Forecast: There Are Big Changes (and Big Profits) Coming to the Oil Sector in 2017

Late in the summer of 2016, I predicted that crude oil prices would be in the mid-$50s by the end of 2016, and the low $60s by the first quarter of 2017.

And at the start of the week of Dec. 12, 2016, West Texas Intermediate sits at just under $54. Frankly, I'm not seeing anything in the market that would force me to revise my forecast right now. 

But make no mistake: There is a change underway right now that will only accelerate in 2017. The "rising tide" of crude prices will not "lift all boats" equally. I'm predicting that investors will see some big shifts in the oil markets and where their profits come from.

You see, the source of global oil demand itself is refocusing, and that's where we'll see the biggest changes.

Some players will lose out: The traditional high-dividend "supermajors" – BP, Chevron, ExxonMobil, Royal Dutch Shell, Total SA, Eni, and ConocoPhillips – will see their long-term viability and short-term profitability severely challenged.

But nimble, globally oriented oil investors could see some of their biggest profits yet in 2017 from the places I'm about to show you...