Market News Today 2019-02-14
2019-2-14 11:32 | By : Mex Group News
- The U.S. dollar climbed against many of its rivals on Wednesday after breaking an eight-day win streak in the session before.
- Spain's Socialist government is widely expected to call a snap general election after failing to get its budget through parliament.
- President Donald Trump said talks to resolve the U.S. trade war with China are making good progress.
- Saudi Arabia, OPEC's largest producer, sent just 415,000 barrels a day of crude oil to the U.S. last week, matching the record-low, according to government data going back to 2010.
- New Zealand’s central bank pushed out its forecast for an interest-rate increase to early 2021, disappointing investors looking for signs of a policy easing later this year and sending the currency surging.
- Oil settled higher Wednesday, with the global benchmark marking its highest close since November, buoyed by reports of further reductions to global output and optimism around constructive U.S.-China trade negotiations.
- The Dow racked up triple-digits gains Wednesday on growing hopes the U.S. and China will reach an agreement after President Donald Trump said trade talks were going "very well."
- The spot gold ended the session lower as traders tracked moves in the benchmark dollar index and the latest developments in the U.S.-China trade dispute and efforts to avoid another partial U.S. government shutdown.