Futures Markets News Oil 

Oil Prices Drop as Fears About Syria Strikes Fallout Wane

“Brent crude oil futures LCOc1 were down 74 cents at $71.84 a barrel by 11 a.m” writes Jessica Resnick-ault for reuters.com. Because the attacks were more surgical than anticipated in more extreme scenarios, the market has shrugged off bullish factors, he said. “It has got everything to possibly boost it: weak dollar, Syria, potential sanctions, White House uncertainty, China trade,” he said. Even the imposition of unilateral sanctions by the U.S. government could hamper exports of oil from Iran, one of the world’s largest producers. “Oil is still holding relatively…

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Futures News Stocks 

Futures rise on hope Syria conflict will not escalate

“JPMorgan , Wells Fargo and Citigroup kicked off the quarterly earnings season on Friday, although their performances failed to excite investors” reports businessinsider.com. The focus was back on earnings, with Bank of America reporting a 34 percent rise in quarterly profit. Netflix shares rose 1.44 percent ahead of its results expected after market close on Monday. Source: businessinsider.com Share This:

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Futures Markets News 

Wall Street futures rise, shrug off allied missile attack on Syria

“NEW YORK (Reuters) – U.S. equity index futures rose on Sunday as financial market trading resumed for the first time since the United States, Britain and France hit Syria with missile strikes in retaliation for a suspected poison gas attack” writes Midwest Communications Inc for 95kqds.com. The move suggested Wall Street was set to shrug off the attack and Russian President Vladimir Putin’s warning on Sunday that further Western attacks on Syria would bring chaos to world affairs.In the first few minutes of trading on Sunday evening, S&P 500 e-mini…

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Futures News 

US stocks set for a mixed open as US bank earnings loom

“U.S. stock index futures posted minor gains ahead of Friday’s open, with a slew of corporate earnings due to be published” writes Michael Nagle for cnbc.com. ET, Dow futures rose 30 points, indicating an uptick of 40.95 points at the open. The Nasdaq and the S&P 500 futures indicated a mixed start to Friday’s session for their respective markets. Source: cnbc.com Share This:

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Futures Markets News 

European Markets Mixed, U.S. Futures Under Pressure on Trade and Syria

“Global markets struggled to stay in positive territory on Friday, April 13, and U.S. futures were under pressure at President Donald Trump and allies weighed action in Syria” writes Lisa Botter for thestreet.com. European markets were mixed on Friday with London’s FTSE 100 was marginally down, falling 0.067% to 7,253.The move higher came after President Trump tweeted that he had told officials to look at rejoining the Trans-Pacific Partnership free-trade deal.S&P 500 futures were flat, while the Nasdaq is expected to fall 9 points. Source: thestreet.com Share This:

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Futures News 

Don’t rush to sue NFA! Seek CFTC review first

“The NFA is a registered futures association that operates as a self-regulatory organization, and is overseen by the CFTC. While the NFA is a private organization, it performs regulatory functions to safeguard the integrity of the derivatives markets that the CFTC would otherwise have to undertake” reports financefeeds.com. Furthermore, 7 U.S.C. § 21(j) obligates every registered futures association to file with the CFTC copies of any changes in or additions to the rules of the association—the CFTC might disapprove such rules if they are inconsistent with the requirements governing registered…

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Futures News Oil 

Oil prices rise on heightened Middle East tensions

“Oil futures traded higher early Wednesday, buoyed by concerns about rising tensions in the Middle East that could result in supply disruptions” writes Sarah Mcfarlane for marketwatch.com. Those factors, which are supportive for energy futures, has helped deliver a jolt to the energy complex broadly.Still, the analyst cautioned that the current rise for oil may be limited due to expected U.S. production. “However with the U.S. oil production set to rise further in the coming months, the global oil market will likely remain amply supplied in the long-term.Renewed conflict in…

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Futures Markets News 

European Markets Down, Futures Fall Ahead of Key Inflation Data

“S&P 500 mini futures were down 0.48%, implying a 14-point fall, and Nasdaq futures were off 0.43%” writes Lisa Botter for thestreet.com. European markets fell on Wednesday, April 11, and Wall Street futures were down ahead of key inflation data out of the U.S. expected at 8:30 am ET. The Dow Jones Industrial Average futures at 3:30 am ET point to a 102 point drop when markets open.European markets opened lower, with London’s FTSE 100 down 0.22% at 7,251, Germany’s Dax fell 0.25% to 12,7366 and France’s Cac 40 lost…

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Futures Markets News Oil 

Oil dips on rising U.S. supplies, market still tense on conflict in Syria

“There are also concerns that the United States could renew sanctions against Iran, a major Middle East oil producer” writes Midwest Communications Inc for 95kqds.com. Brent crude futures rose to $70.78 per barrel at 0154 GMT, down 26 cents, or 0.4 percent, from their last close.U.S. WTI crude futures were at $65.38 a barrel, down 13 cents, or 0.2 percent from their last settlement. That will likely make the United states the world’s biggest oil producer by 2019, surpassing Russia which currently pumps out almost 11 million bpd. Source: 95kqds.com Share…

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