Futures News Oil 

Oil pressured amid uncertainty over U.S.-China trade talks

“Oil futures headed higher on Thursday as recent data revealed a weekly decline in U.S. crude supplies and global production continued to decline” writes Markets Commodities Reporter for marketwatch.com. On Wednesday, the Energy Information Administration reported that U.S. crude supplies unexpectedly fell by 3.9 million barrels for the week ended March 8.The report also left the global demand growth forecast for 2019 unchanged from the previous month, at 1.24 million barrels a day, for total demand expectations of 99.96 million barrels a day.The EIA also reported that total domestic crude…

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News Stocks 

Stamps.com to buy its own stock after massive decline

“STMP, +1.40% said Monday afternoon that it planned to repurchase up to $60 million in shares after a massive decline” writes Jeremy C for marketwatch.com. The company said that the board of directors authorized the company to buy back shares over the next six months, starting March 14.Shares in the online-postage company dove more than 50% after executives announced the end of an exclusive deal with the U.S. Postal Service last month, leading to a dismal forecast for 2019.Shares gained almost 2% in after-hours trading, after closing up 1.4% at…

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News 

U.S. inflation forecasts decline, supporting rate-hike holiday

“It showed one- and three-year ahead inflation expectations were down 0.2 percentage points to 2.8 percent last month, with sharp declines in expected medical care expenses” writes Midwest Communications Inc for 95kqds.com. Economists are debating whether rising wages and low unemployment figures still translate into higher inflation as orthodox economic theory assumes.The New York Fed’s survey found that consumers expected tame inflation despite also forecasting their own wages would rise.NEW YORK (Reuters) – U.S. consumers expect prices to rise more slowly, according to the Federal Reserve Bank of New York,…

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News 

Retail footfall drops to five-year low across Britain’s high streets

“High street footfall was down for the seventh consecutive month, falling 1.9pc, while shopping centre footfall declined 3.4pc” writes Tom Stevenson for telegraph.co.uk. The number of shoppers visiting retail parks fell be 0.8pc, a sharp decline from the 1.4pc growth in footfall last year.Figures compiled by Springboard revealed that February football was down 2pc, compared with a decline of 0.2pc the previous year. Source: telegraph.co.uk

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Markets News 

Asian shares decline as U.S. jobs data clouds global outlook

“Following the data, China’s central bank on Sunday pledged to further support the slowing economy by spurring loans and lowering borrowing costs” writes Midwest Communications Inc for 95kqds.com. The two-year yield also hit a two-month low of 2.438 percent, edging near the current Fed funds rate around 2.40 percent.Oil prices steadied after dipping on Friday on concerns about a slower U.S. economic growth and surging U.S. oil supply.MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed from Friday’s three-week low.The U.S. economy created only 20,000 jobs in February,…

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News Stocks 

This 135-year-old stock index is poised to log its longest skid in about 50 years

“The Dow Jones Transportation Average is on the verge of producing its lengthiest series of losses since 1972, highlighting a recent slump that has taken hold of the broader stock market” writes Mark Decambre for marketwatch.com. Transports, meanwhile, are poised for 4% weekly drop, which would be the worst since the period ended Dec. 21, 2018.Check out: Why the ECB’s surprise policy moves sent shivers through global stock markets Providing critical information for the U.S. trading day.As of Friday afternoon, the Dow transports DJT, -0.79% were almost certain to register…

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Markets News 

Households see biggest decline in net worth since the financial crisis…

“Household net worth has been rising strongly since the crisis and is up 73 percent since 2009” writes Jeff Cox for cnbc.com. By the time the market drop ended in late December, households saw $4.6 trillion worth of equity value deteriorate.Americans’ net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet.Net worth dropped to $104.3 trillion as the year came to an end, a slide of $3.73 trillion, according to figures released…

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Markets News 

Dow transports on the brink of longest losing streak in about 10 years

“The Dow industrials, meanwhile, have lost about 0.2% since Feb. 21 (see chart below): By comparison, the last time the Dow transports fell for eight straight sessions, the Dow industrials shed nearly 7%” writes Mark Decambre for marketwatch.com. For one, Dow transports, have risen 12.5% so far in 2019, enjoying an even sharper year-to-date climb than the Dow industrials, with a gain of 10.6%.Dow transports DJT, -0.82% fell for an eighth straight session, matching a decline that ended Aug. 2, 2011.Moreover, during a lengthier 10-session skid for transports that ended…

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