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Top 5 Things to Know in the Market on Friday, September 18th

18.09.2020, 17:32

The dollar ends the week on a low note and crude oil on a high note. An M&A flurry in Europe creates Spain's biggest bank and sees Apollo eyeing a repeat of its turnaround of LyondellBasell. Stocks are set to open mixed, ahead of the Michigan Consumer Sentiment survey, with the mood supported by another blowout IPO. Here's what you need to know in financial markets on Friday, September 18th.

U.S. Jobless Claims Edge Lower to 860K, Housing Data Disappoint

18.09.2020, 11:30

Initial claims for jobless benefits continued their painfully slow decline last week, with the number of Americans filing for the first time falling less than expected to 860,000.

Wall Street Lower as Options Expiry Nears; Dow Down 90 Pts

18.09.2020, 10:29

U.S. stock markets opened mixed on Friday and turned negative by mid-morning, overshadowed by the 'quadruple witching' expiry of the quarterly options contracts on both single stocks and index futures that have so dominated trading in the last three months..

Crude Oil Prices Bounce After Hit From Libyan Peace Deal News

18.09.2020, 08:27

Crude oil prices rebounded after a sharp dip in early trading in New York on Friday, as traders focused more on the promise of output discipline from OPEC and its friends rather than on the prospect of increased supply due to a peace agreement in Libya, a major exporter.

Pound Rebounds From Session Lows as BoE Keeps Rates Unchanged

18.09.2020, 07:25

The pound recovered from session lows on Thursday as the Bank of England kept rates unchanged and acknowledged the rebound in the economy is ahead of expectations, cooling investor expectations that easing at its next meeting is a foregone conclusion.