The stock market’s easy glide higher could continue in the week ahead, as its steady advance draws in fresh money. But investors will continue to watch for signs of a pullback, now that the market is up nearly 6 percent since the start of the year.
Stocks hit session highs and the dollar fell off its highs after Egypt’s Vice-President announced that President Mubarak “waives right to Presidency” and is stepping down. Markets in the U.S. and Europe broadly turned positive, after being mixed to negative for most of the day.
The natural gas market was caught in a technical “grand slam” and prices could go lower, according to energy analyst Mike Fitzpatrick, who is editor of the Energy Overview newsletter.
Colin Bradbury, regional chief strategist at Daiwa Capital Markets, is bullish on China’s oil and gas sector. He explains why to CNBC’s Oriel Morrison. He also analyzes the country’s latest buying spree in the energy space.
Cramer explains what happened to the markets today after news from Egypt.
CNBC’s Melissa Lee and the Fast Money traders discuss the day’s top trades and the stocks they’ll be watching tomorrow.
Escalating pirate attacks in vital shipping lanes have raised fears that insurance costs could rise and vessels could be diverted, adding to demand for bunker fuel at a time of rising oil prices. Questions and answers about the rising risks global trade faces from seaborne gangs.
The commodity complex is going to be the big beneficiary of quantitative easing, Judah Kraushaar, managing partner of Roaring Brook Capital, a hedge fund focused on U.S. mid-cap companies, told CNBC on Thursday.
Coming off the very successful Super Bowl commercial there are reports that Eminem and Chrysler are talking about getting together and doing it again.
Brent crude rose above $102 on Thursday, supported by the ongoing tension in Egypt and tighter North Sea supplies, which contrasted with higher crude stockpile in the U.S., causing the spread between the benchmarks to stay wide.
GBPJPY currency pair closes the week with strong upward momentum at USD 129.092.
Gold Trading prices surged on Friday, settled at three-week high after weak U.S. data
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