stocks bounce after rout brent crude below 100
Last Updated : GMT 07:42:27
Arab Today, arab today
Arab Today, arab today

Stocks bounce after rout; Brent crude below $100

Arab Today, arab today

Arab Today, arab today Stocks bounce after rout; Brent crude below $100

Washington - Arabstoday

More concerns about the strength of the global economy sent the price of oil down for the fourth straight day. Crude has fallen by nearly 10 percent this month on concerns about the sluggish global economy, while supplies of oil remain ample. Brent crude fell below $ 100 a barrel for the first time in nine months as continued concerns about the global economy weighed on the outlook for demand, while gold and US stocks rebounded after the recent sell-off lured buyers into the market. The broad rout in commodities and stocks seen in recent sessions was triggered by data from China and the US that raised worries about the strength of the global economy’s recovery. Those fears continued to weigh on oil yesterday, with Brent crude down $1.15 at $99.48 a barrel. US crude lost 36 cents to $88.35. “We are still seeing some weakness in price, in contrast to a number of markets that are snapping back to the upside with more vigor. That’s because we still have a lot of oil,” said Tim Evans, an Energy Futures Specialist at Citi Futures Perspectives in New York. “I think what we’re seeing is a shift in the oil markets’ focus to its own fundamentals, rather than trying to pretend that the oil market is the equity market, or a currency market.” US stocks gained, supported by strong earnings results from some of America’s biggest companies and on expectations that the US Federal Reserve will continue to provide stimulus. Stocks on Wall Street rose more than 1 percent by early afternoon, helped in part by a drop in US consumer prices last month that left room for the US Federal Reserve to keep up its economic stimulus efforts. “Dovish economic data is not good in the long run, but it is certainly supportive of more Fed action,” said Art Hogan, managing director at Lazard Capital Markets in New York. A batch of strong earnings reports also drove gains. Coca-Cola reported better-than-expected profit that sent its shares up more than 5 percent to their highest level since 1998. Shares of Johnson & Johnson hit a record high of $ 83.50 after the health care company, a Dow component, reported strong quarterly earnings. The Dow Jones industrial average gained 147.43 points, or 1.01 percent, to 14,746.63. The Standard & Poor’s 500 Index rose 19.87 points, or 1.28 percent, to 1,572.23. The Nasdaq Composite Index climbed 44.41 points, or 1.38 percent, to 3,260.90. MSCI’s global share index, which tracks around 9,000 stocks in 45 countries, was up 0.6 percent, having been almost 0.5 percent lower earlier in the day. The FTSEurofirst 300 closed 0.7 percent lower. Source: ArabNews

arabstoday
arabstoday

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stocks bounce after rout brent crude below 100 stocks bounce after rout brent crude below 100

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stocks bounce after rout brent crude below 100 stocks bounce after rout brent crude below 100

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday