Wallstreet-013013_29Sep16-lg.jpg After initially showing a lack of direction, stocks came under pressure over the course of the trading session on Thursday. With the pullback on the day, the major averages partly offset the gains posted in the two previous sessions.

After initially showing a lack of direction, stocks have moved modestly lower over the course of the trading session on Thursday. Selling pressure has remained subdued, however, limiting the downside for the markets.


Stocks are showing a lack of direction in early trading on Thursday after moving mostly higher over the course of the two previous sessions. The major averages have been bouncing back and forth across the unchanged line.


After moving higher over the course of the two previous sessions, stocks may give back some ground in early trading on Thursday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 25 points.


Wall Street Set To Open Higher On OPEC Prospects

Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session modestly higher, influenced by OPEC's surprise decision to cut production. Several Fed executives will be make public appearances at various places, with Janet Yellen participating in a moderated conversation at the Kansas City. In Europe, bank shares are on a revival and most of the Asian stocks closed

Win Streak May End For Malaysia Stock Market

The Malaysia stock market has moved higher in back-to-back sessions, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,670-point plateau, although the rally is expected to stall on Friday. The global forecast for the Asian markets...

Sensex Rises 150 Points Ahead Of F&O Expiry; Nifty Up 39 Points

Indian shares opened on a firm note Thursday, with underlying sentiment supported by positive global cues and covering-up of short positions ahead of derivatives expiry. U.S. and European stocks rose overnight and sentiment remains buoyant across Asia after OPEC agreed to a preliminary deal to limit...

Dollar Holding Modest Gains After Upward Revision To GDP

The dollar is trading modestly higher against all of its major rivals Thursday afternoon. Better than expected weekly jobless claims and GDP data has overshadowed the weaker than expected pending home sales report. Primarily reflecting upward revisions to non-residential fixed investment, private...

Swiss Stocks Finished Lower After OPEC Rally Fizzles

The Swiss stock market got off to a positive start Thursday, but ended the session with a significant loss. Early gains were fueled by yesterday's surprise announcement that OPEC had agreed to modest oil output cuts at their informal meeting. The announcement sparked a rise in crude oil prices and also...

Energy Stocks Lead TSX Slightly Higher -- Canadian Commentary

Canadian stocks edged higher Thursday, as crude oil prices continued to rally on OPEC's agreement in principle to curb production. Vulnerable OPEC nations like Nigeria and Libya will be allowed to pump at the current pace, but Saudi Arabia and others will limit output next year. Russia previously...

Crude Oil Rally Continues After OPEC Deal

Crude oil futures were higher Thursday after OPEC agreed to scale back production. Certain smaller OPEC nations like Nigeria and Libya will be allowed to pump at the current pace, but Saudi Arabia and others will limit output. November West Texas Intermediate crude rose 78 cents, or 1.7%, to settle...

Treasuries Close Modestly Higher After Seeing Early Weakness

After seeing early weakness, treasuries turned higher over the course of the trading session on Thursday amid a pullback on Wall Street. Bond prices moved to the upside in afternoon trading and managed to end the day slightly higher.

Profit Taking May Lead To Early Pullback On Wall Street

The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to give back some ground after moving higher over the two previous sessions. Traders may cash in on the recent gains, which were spurred in part by a sharp jump by the price of crude oil following news of an...
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09/29/16 19:30CPI (M-o-M)AUG Japan
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