• Nov 28, 2024

Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll

Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from an expected delay to a planned OPEC+ output hike, a Reuters monthly poll showed on Friday. Sentiment among oil traders "has turned very negative due to concerns about the global economy, especially about China's economy and demand growth, and concerns about OPEC+ being able to align supply with demand," said Stratas Advisors President John Paisie. Earlier this month OPEC lowered its forecast for global oil demand growth this year and next, highlighting weakness in China, India and other regions.

• Nov 28, 2024

The S&P 500 will climb 10% to 6,600 next year as earnings and the economy stay strong, Barclays says

Stocks will continue to gain next year, though at a slightly slower pace, Barclays said. They see a robust economy and strong tech earnings driving gains.

• Nov 28, 2024

These are the top 3 risks to the US stock market rally, according to Deutsche Bank

Markets dealt with several scares already in 2024, with data earlier in the year sparking sharp declines as investors feared the economy was slowing.

• Nov 28, 2024

Turkey Economy Slides Into Recession Ahead of Rates Decision

(Bloomberg) -- Turkey entered a technical recession in the third quarter as industrial production plunged, providing more evidence to the central bank as it ponders whether to start cutting interest rates next month.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe $1.3 trillion economy shrank by 0.2% quarter-on-quarter, the second consecutive decl

• Nov 28, 2024

Indonesian Stocks Enter Correction on Slowing Economic Growth

(Bloomberg) -- Indonesia’s benchmark stock index fell 10% from its year’s high, entering a technical correction brought on by slowing economic growth and regional uncertainties after Donald Trump’s win in the US election. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe Jakarta Composite Index closed 1.2% to its lowest since Aug. 5, with PT Bank M

• Nov 28, 2024

French Inflation Up Less Than Expected on Weaker Economy

(Bloomberg) -- French inflation quickened less than expected as confidence wanes, remaining well below the European Central Bank’s 2% target and supporting the case for interest rates to be lowered further.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasConsumer prices in the euro zone’s second-largest economy rose 1.7% from a year ago in November, s

• Nov 28, 2024

Is the stock market open or closed on Black Friday? See hours, full 2024 holiday schedule

Here's what you need to know about whether U.S. stock markets will be open or closed on Black Friday this year.

• Nov 28, 2024

Crypto Industry Leaders Claim U.S. Government Behind ‘Operation Chokepoint 2.0’ Effort To Cut Banking Ties With Blockchain Firms

More than 30 tech and cryptocurrency founders in the U.S. have claimed they were denied banking services in what is being described as “Operation Chokepoint 2.0.”

• Nov 28, 2024

Bitwise Seeks SEC Approval To Launch $1.4 Billion Crypto Index Fund as ETF on NYSE Arca

On Nov. 27, 2024, Bitwise Asset Management filed with the SEC for an exchange-traded fund (ETF) based on its 10 Crypto Index Fund, which has been running since 2017.

• Nov 28, 2024

Bitcoin Futures Open Interest Jumps 56% to $60.9B Following Trump’s Election, While Ethereum Sees Strong Performance With 5% Daily Surge

Bitcoin futures open interest (OI) has risen significantly, jumping from $39 billion on Nov. 5 to $60.9 billion following Donald Trump’s presidential election victory.