More complications for OPEC deal:

More potential complications for OPEC when it comes to its efforts to finalize a production freeze deal a meeting in Vienna in late November. Bloomberg cited comments from Iraq’s oil minister, who said Sunday at a news conference in Baghdad that his country should be exempted from cutting production because it is engaged in a […]

Cloud momentum boosts Microsoft:

Microsoft (MSFT-US) a standout following its fiscal Q1 results out after close on Thursday. Stock hit an all-time high in after-hours trading Revenue and EPS both ahead of expectations. In addition, company beat consensus revenue in each of its three segments. Cloud momentum the widely cited positive. Commercial cloud run hit pushed above $13B, marking […]

Busy day of earnings:

AXP-US a standout on lower costs. Low expectations have also helped. URI-US underpinned by better rental rates and guidance. LSTR-US a bright spot following its beat and raise and better truckload commentary than peers. MAT-US a notable gainer with Street positive on turnaround traction. Barbie a bright spot. CTXS-US beat with focus on strength in […]

NY Fed President Dudley sees no need to tighten aggressively:

Markets and economists becoming increasingly aligned in their expectation for a December rate hike, however Chair Yellen’s recent comments (on allowing a high pressure economy) have reinforced the perception of a very shallow tightening path. Latest remarks from NY Fed President Dudley’s seemed to fit with this view. Reuters, citing his follow up Q/A to […]

Headline CPI in line, but core misses:

September headline CPI increased 0.3%, in line with consensus and better than August’s 0.2% level. Rose 1.5% y/y. Gasoline accounted for more than half this increase, rising 5.8% in September. Shelter also a large component of the rise, posting its largest increase since May on higher indexes for rent and owners’ equivalent rent. Food prices […]