Market Pulse - Usa
Commodities: NYMEX gasoline on a tear as traders take stock of Harvey
Energy futures are racing higher across the board as markets continued to take stock of the situation on the US Gulf coast in the wake of hurricane Harvey, especially after the storm made landfall the day before near the Louisiana border forcing Motiva's refinery at Port Arthur - the country's largest - offline.
Friday preview: US non-farm payrolls in the spotlight
September will get off to a 'bang' with a raft of top-tier economic indicators set for release in the States, including the all-important non-farm payrolls report for August.
Shadow of dummy accounts scandal still looms large over Wells Fargo
Wells Fargo, America's third largest bank said in September 2016 that staff struggling to meet excessive sales targets could have opened as many as 2. 1m accounts without customer consent over a five-year period.
US open: S & P 500 higher for a fifth day despite inflation miss
Wall Street is edging higher on the back of generally upbeat readings on the economy and ahead of the release of the all-important monthly US jobs report which was due out on the next day.
US personal consumption gallops ahead in July, but PCE inflation falls short
Personal incomes and spending grew more quickly than expected in America last month, even as price pressures fell short of the mark once again.
US close: Stocks finish higher after solid economic data
Stocks in the US finished higher on Wednesday after better-than-expected readings on the jobs market and the broader economy, as shares of Apple traded at record highs.
iPhone 8 anticipation drives Apple shares to all-time high
Shares in tech giant Apple hit a record high $163. 12 on Tuesday after market researchers IDC released bullish estimates for the Cupertino, California-based firm in anticipation of its new iPhone.
US crude oil stores drop as refineries up production, DoE says
US crude oil stockpiles drew down sharply last week as imports fell off and refineries ramped up production.
US open: Wall Street trading in mixed fashion despite record highs for Apple
Stocks were trading on a mixed note at the middle of the week, despite better-than-expected readings on the jobs market and the broader economy, as shares of Apple traded at record highs.
US Q2 GDP revised higher to 3.0%
America's economy picked-up by more than expected during the second quarter on the back of quicker personal consumption and business investment.
US close: Markets turn higher amid Texas floods
Wall Street's main market averages managed to shake off earlier jitters on Tuesday, sparked by news of a fresh missile test by Pyongyang which had boosted demand for safe-haven assets.
Texas refineries reopen as Harvey set to hit Houston again
Flooding from Hurricane Harvey that has led to at least eight deaths and disrupted business in the oil-rich state of Texas is set to worsen with another 127cm of rain expected to fall upon the state on Tuesday as the effects are also felt in Louisiana, Mississippi and Alabama.
Week ahead: US jobs report in the spotlight ahead of Labor Day weekend
Focus over the coming week will be on Friday's US non-farm payrolls report for the month month of August, just ahead of the long Labor Day weekend in the States.
US open: Stocks trim gains after Yellen speech
Gains on Wall Street ebbed following a speech from the head of the US central bank in which she failed to provide any further clues as to her near-term views on monetary policy.
US durable goods orders fall by more than expected in July
Orders in the US for goods made to last more than three years dropped sharply last month more than undoing a similarly large spike in June.
Eco Atlantic nears completion of 3D seismic survey offshore Guyana
Eco Atlantic Oil and Gas said it had nearly completed a seismic survey of the Orinduik Block offshore Guyana nearly two years ahead of schedule and that it was evaluating new assets.
US open: Stocks drift lower ahead of Jackson Hole
Wall Street was slightly lower as investors awaited the start of the Jackson Hole symposium amid mixed earnings updates from the likes of Staples and Hormel Foods.
US weekly jobless claims tick higher
Jobless claims in the States ticked higher over the latest reference week but remained near multi-year lows.
US close: Markets turn red as White House blusters over wall
Wall Street stumbled through its Wednesday session, amid mixed economic data and after president Donald Trump appeared to threaten a shutdown of the federal government unless funding could be found for his initiative to extend the border wall with Mexico.
American Eagle lingerie line soars above expectations
American Eagle Outfitters posted another unexpected rise in comparable sales for a second consecutive quarter thanks to a strong demand for its Aerie line of lingerie.