Weekly CEO News from Richard Ingram
June 2, 2016

Saudi Arabia is one of the largest oil producing regions in the world, accounting for 16% of the world’s proven petroleum reserves. As of 2015, crude accounted for roughly 80% of government revenues, 45% of GDP, and 90% of earnings

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As expected, at least based on its less informative press release, the ECB remains in “wait and see” mode by keeping all three interest rates unchanged. The ECB also said that on 8 June the Eurosystem will start making purchases

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AUD/USD. The pair was seen reversing its Wednesday losses during Thursday trading session today. This development has left AUD/USD targeting further downside pressure. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150

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OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.11%) are down -0.07% and European stocks are up +0.30% ahead of today’s ECB interest rate decision. No change in interest rates or additional stimulus is expected, although ECB President Draghi will unveil the ECB’s

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A better-than-expected first-quarter GDP estimate and U.S. dollar strength led the Fed Chair Janet Yellen to signal an imminent interest rate hike. However, a strengthening U.S. dollar might halt the bullish run of the S&P 500 (SPY) as it could

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from Challenger Gray and Christmas The number of job cuts announced by U.S.-based employers fell sharply in May, with a total of 30,157 planned workforce reductions recorded during the month. The May total was 53 percent lower than the 64,141

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The US dollar remains under pressure. It is off for the third day against the yen and slipped below JPY109 for the first time in a little more than two weeks. The Nikkei struggled to cope with the foreign exchange developments,

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There are just two drivers setting the pace for today’s risk mood: the OPEC meeting in Vienna which started a few hours ago, and the ECB’s announcement as well as Mario Draghi’s press statement due out just one hour from

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WTI Crude Oil The WTI Crude Oil market initially fell on Wednesday but turned right back around to form a bit of a hammer. That of course is a very bullish sign, and I think that it shows that we

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How can you invest for retirement in a low-interest rate environment? One answer is to invest in bonds. Learn why many retirees choose to invest in bonds, what the risks are, and how to buy them. Investing in a bond

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