Shares in mining and trading company Glencore fell almost 30% and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.
The U.S. dollar made gains this morning as markets anticipate that central banks around the world will ease monetary policy. The anticipation comes in the wake of the Federal Reserve’s decision last week to maintain its current rate level.
A market selloff is underway. The dollar is sliding against global currencies after the Federal Reserve decision to keep interest rates level. Today’s news features a slump in global oil prices, a jump for gold and silver, a rising New Zealand dollar, and an update on the Chinese real estate market.
The rise of cyber crime threatens the links between traders and markets, and will only accelerate as investors boost their reliance on technology. What follows is a conversation about the markets, cyber security and the coming challenges that investors and traders face in the 21st century economy.
At the time of this writing on Friday, both oil contracts look poised to finish the week lower. Brent is set to close lower for the second straight week, while WTI is about to snap a two-week winning streak. Despite this week’s losses, both contracts remain above their August lows, keeping bullish hopes alive that prices may have bottomed, even if the probability of such scenario appears to have diminished given the lack of further follow-up buying after that late August rally.