American Shale Companies’ Rush to Hedge Is Turning the Oil Market Upside Down
https://www.bloomberg.com/news/articles/2016-12-05/oil-market-turns-upside-down-as-shale-rushes-to-hedge-post-opec
Smartwatch sales struggle
http://www.reuters.com/video/2016/12/05/smartwatch-sales-struggle?videoId=370639053&videoChannel=5
Factory Orders For Oct Rose 2.7%, Matching Estimates
Factory orders for October are expected to rise 2.7 percent in line with strong gains for durable goods, data for the latter released a week earlier and offering rare good news for the struggling factory sector. Factory shipments have been holding up but at the expense of unfilled orders which have contracted for four straight…
The Closing Look
Stocks rallied on Monday after Italy voted “no” on their referendum to reform the constitution. Italy’s Prime Minister, Matteo Renzi, resigned after his party lost and the “no” vote won. Overnight, futures were down slightly but they turned higher as the euro reversed from a big loss on the news. Once again, markets are adopting to…
Warren Buffett Says Donald Trump Won’t Derail the Economy
http://fortune.com/2016/12/05/warren-buffett-donald-trump-election/?iid=leftrail
Tuesday’s Pre-Market Look: Stocks In The News Before The Open
Amazon.com (AMZN) — The Wall Street Journal is reporting that Amazon is considering at least three formats for brick-and-mortar food stores. That news follows Amazon’s unveiling of its “Amazon GO” store format, featuring no cash registers, no lines, and a “grab-and-go” method of shopping. AstraZeneca (AZN) — The drug maker reported upbeat results for its…
BP’s Mad Dog leads the oil pack’s return to the Gulf of Mexico
http://www.reuters.com/article/us-bp-investment-maddog-idUSKBN13U1FB
The Morning Look
Market Update: Stock futures are slightly higher ahead of Tuesday’s open after Italy’s referendum failed over the weekend and investors now look ahead to the ECB meeting on Thursday and then next week’s Fed meeting. It took stocks three days to recover from Brexit, less than one day to recover from the U.S. election, and…
Most Mexican banks have enough capital in stress tests: Mexico’s Central Bank
http://www.reuters.com/article/us-mexico-economy-stresstests-idUSKBN13U2T7