US equities lifted by macro data
US stocks opened sharply higher as fears of an April rate hike receded following soft retail sales numbers
Company
NYSE:FCX
Freeport-McMoRan Inc is a leading international mining company with headquarters in Phoenix, Arizona. The company operates large, long-lived geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Freeport-McMoRan Inc's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
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US stocks opened sharply higher as fears of an April rate hike receded following soft retail sales numbers
US stocks opened sharply higher as fears of an April rate hike receded following soft retail sales numbers
Alcoa will be in focus as it ushers in the start of earning’s season, meanwhile Yahoo, Tesla and Facebook are also closely watched.
Investments and investor services
Alcoa will be in focus as it ushers in the start of earning’s season, meanwhile Yahoo, Tesla and Facebook are also closely watched.
US oil inventories three times forecast pound oil prices and depress bourses
Wall St shares retreat after snag in oil supply cuts
All three top Wall Street tickers pointed north on Tuesday, extending gains from Friday, as investors favoured this month's sold-off stocks in sectors like like finance and technology
An oil rally sent both Brent and U.S. crude briefly above $32 a barrel.
All three benchmark indexes advanced more than 1%.
Chimerix plunges, Freeport-McMoRan drops; Amazon gains.
After the long weekend, US investors have some catching up to do after a strong showing overnight from Chinese markets and a fast start this morning by European markets.
Though it seemed improbable at the close of trading on Monday, U.S. benchmarks are now up on the week. Sentiment has been boosted by a strong showing overnight in Asian markets and much better than expected US gross domestic product figures
The US economy grew more strongly than expected in the third quarter, and although this may make a rate hike more likely next month, investors are betting that this week's global stock market turmoil will stay the Fed's hand.