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Fund manager allocation to U.S. stocks in January collapses – BofA survey

Reuters | January 17, 2023

By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had an underweight position, the most since October 2005, a BofA survey of global investor views on Tuesday showed. Global growth optimism hit a one-year high, while inflation expectations have peaked, according to the global Fund […]

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Oil gains 3% on global economic optimism, despite surprise U.S. crude build

Reuters | January 11, 2023

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. Brent futures rose $2.57, or 3.2%, to settle at $82.67 a […]

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Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

Reuters | October 19, 2022

By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) -New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.     Washington has communicated to representatives of […]

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Oil prices down, investors expect big Fed rate hike

Reuters | September 20, 2022

By David Gaffen NEW YORK (Reuters) -Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation. The U.S. Federal Reserve is likely to raise interest rates by another 75 basis points on Wednesday to rein in inflation. Those […]

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