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OPEC: Are we going to see a Saudi change of heart? (News 01/12/15)

Today's Press

  • A U.K. manufacturing gauge fell more than economists forecast in November, while still signaling solid growth after reaching a 16-month high the previous month.

  • Christmas is coming — and some investors are already convinced they will unwrap an early present Thursday in the form of more economic stimulus from the European Central Bank.

  • Exactly one year ago, Saudi Arabia, OPEC's biggest producer, caused one of the biggest upheavals in the oil markets. At the 2014 OPEC meeting, it blocked a cut in output, choose to defend its market share in the oil market instead of defending the price in the face of persistent oversupply in the market. Effectively, its aim was to push out the highest cost producers and hope for prices to recover once supply falls.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 123.15
  • EURUSD: 1.0602

Indices:

  • S&P 500: 2,080.45
  • NASDAQ : 5108.7


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