Energy news

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Week Ahead -The bond market selloff continues

The bond market selloff did not ease up heading into the long holiday weekend and traders will have to soon decide if they decide to sell in May and go away. The upcoming week is filled with another round of earnings, major economic data out of China, a French debate, and a wrath of commentary from finance ministers and central bankers at the IMF/World Bank spring meetings.

14-04-2022 16:32 GMT by Edward Moya

US Close: Retail Sales weighed by energy price surge, Musk’s calculated Twitter offer, Commodities hit hard by strong dollar, Bitcoin below $40k

Wall Street is ready for a long weekend and stocks are struggling here after mixed bank earnings and a retail sales report that showed the consumer is spending more money on essentials. The second act of bank earnings rewarded Goldman and Morgan Stanley for strong trading revenues, while Citigroup was hampered by their exposure to Russia and Wells Fargo posted disappointing revenue and net interest income.

14-04-2022 14:27 GMT by Edward Moya