S&P 500, Nasdaq Futures -- Technical Analysis

TODAY: May 6, 2016 PUB DATE: March 9, 2016

Chicago Mercantile Exchange March S&P; 500 Futures 2108.90 -- lifetime high 2015.17 -- second pivot point resistance 2007.13 -- first pivot point resistance 1998.70 -- previous day's high 1991.68 -- 4-day moving average 1990.59 -- 100-day moving average 1980.90 -- ...

Sembcorp Marine Raises Stake in Floating LNG Terminals Builder Gravifloat

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Gaurav Raghuvanshi SINGAPORE--Sembcorp Marine Ltd. (S51.SG) Wednesday said it had purchased an additional 44% equity stake in Gravifloat AS, a Norway-based maker of floating liquefied-natural-gas terminals, for $38 million. Sembcorp Marine now owns a 56% stake in Gravifloat after ...

Metals Prices Surge, but Skeptics Question for How Long

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Biman Mukherji Metals prices have been on a roll, but some wonder how long it can last. Since mid-January, the price of copper is up 13.5%, while zinc has jumped about 25% and iron ore has soared 57%. Analysts ...

U.S. Grains Nudged Lower as USDA Report Looms

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Jesse Newman CHICAGO--U.S. grain futures eased on Wednesday as traders awaited updated supply-and-demand data due out from the government later in the day. Meanwhile, soybeans rose. Corn prices slid after notching a two-week high in the previous session, buffeted ...

Dow Makes Another Run at 17000

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Riva Gold and Leslie Josephs U.S. stocks ticked higher Wednesday, led by a rise in energy shares. The session's gains were fairly small, however, as investors appeared reluctant to jump in ahead of policy meetings scheduled for the European ...

New Zealand's Central Bank Unexpectedly Cuts Rates

TODAY: May 6, 2016 PUB DATE: March 9, 2016

WELLINGTON, New Zealand?New Zealand's central bank unexpectedly cut rates Thursday, lowering the official cash rate by 25 basis points to 2.25% as it took action to lift stalling prices and support the economy. "Further policy easing may be required to ...

Euro Weaker Against Dollar, Yen, Ahead Of ECB Meeting

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Hiroyuki Kachi The euro was weaker against the dollar and the yen during Asia trade Wednesday, ahead of the European Central Bank's policy-setting meeting later this week. The common currency weakened to $1.0974 at around 0450 GMT from $1.1006 ...

Integrated Device, Lumentum Detail ZTE Effects

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Josh Beckerman Integrated Device Technology Inc. and Lumentum Holdings Inc. detailed the expected effects of new U.S. trade restrictions on Chinese technology company ZTE Corp. The Commerce Department alleges ZTE violated U.S. export rules by supplying Iran with U.S.-made ...

Australian Housing Finance Falls in January

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Vera Sprothen SYDNEY--The number of Australian home-loan approvals fell by more than expected in January, in a sign that a recent slowdown in the country's housing market is deepening. The total number of home loans taken out by owner-occupiers ...

Investors Eye Corporate Bonds Ahead of ECB

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Christopher Whittall Corporate debt doesn't officially figure on the shopping list for the European Central Bank's vast bond-buying program. But some investors are placing small bets that could soon change. A shortage of bonds eligible to be bought under ...

Dow Makes Another Run at 17000

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Riva Gold and Leslie Josephs U.S. stocks rebounded Wednesday, but gains were muted as investors awaited in the coming days comments from the European Central Bank and the Federal Reserve. The Dow Jones Industrial Average rose 52 points, or ...

E.ON Puts Dividend Under Review as Losses Widen -- Update

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Monica Houston-Waesch FRANKFURT-- E.ON SE said on Wednesday it would review its investment targets and future dividend payments after the German utility's net loss ballooned last year due to asset write-downs and poor industry conditions. "The difficult market environment ...

Auto Supplier INRIX Agrees to Buy Software Firm OpenCar

TODAY: May 6, 2016 PUB DATE: March 9, 2016

Auto supplier INRIX Inc. said it has agreed to purchase a small software developer that could help auto makers lessen reliance on Apple Inc. or Google parent Alphabet Inc. for connected features in cars and trucks. Closely held INRIX,based near ...

Telecom Italia Shares Rise in Early Trade

TODAY: May 6, 2016 PUB DATE: March 9, 2016

Nick Kostov and Manuela Mesco Telecom Italia SpA (TIT.MI) shares rose strongly in early trading Wednesday following comments from French and Italian leaders that they would be keen to create "European champions" through cooperation between the two countries. Shares gained ...

Dow Makes Another Run at 17000

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Riva Gold and Leslie Josephs U.S. stocks rebounded Wednesday, but gains were muted as investors awaited comments in the coming days from the European Central Bank and the Federal Reserve. The Dow Jones Industrial Average rose 73 points, or ...

U.S. Crude Supplies Surge; Gasoline Inventories Fall

TODAY: May 6, 2016 PUB DATE: March 9, 2016

By Dan Molinski U.S. crude stockpiles increased more than expected in the week ended March 4, while gasoline inventories declined sharply, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles climbed by 3.9 million barrels to ...