Dow Jones 20804 plus 141
S&P 500 2381 plus 16
FTSE 7470 plus 34
DAX 12638 plus 48
OIL 50.33 plus 0.98
GOLD 1255 plus 2.57
SPI futures plus 26
Bill and Ben...........Flowerpot men
https://www.thestreet.com/story/141...re-developments-in-trump-russia-quagmire.html
Stocks came off highs in the final hour of trading Friday after
The New York Times and
Washington Post each published new developments in the Trump-Russia saga.
The
S&P 500 was up 0.67%, the
Dow Jones Industrial Average increased 0.68%, and the
Nasdaq grew 0.47%.
It is still too early to be trusting of this bounce, said James "Rev Shark" Deporre over on our premium site for investors,
Real Money.
Get his insights with a free trial subscription to Real Money.
A senior White House advisor close to the president is reportedly a person of interest in the investigation into the Trump campaign's possible collusion with Russia,
The Post reported on Friday afternoon. The report also indicated that investigators are shifting into a "more overtly active phase" of discovery with the "intensity of the probe... expected to accelerate in the coming weeks."
Crude oil prices moved higher on Friday, capping off a stellar week for commodities. Prices have rallied in recent days on high hopes of an extended production cut deal among some of the world's largest oil producers. The Organization of Petroleum Exporting Countries will meet on May 25 to determine whether to extend a deal to cap output.
U.S. producers brought 16 more rigs online in the past week,
Baker Hughes reported Friday, bringing the Houston-based oilfield services provider's overall count up to 901 units.
West Texas Intermediate crude was up 2% to $50.33 a barrel on Friday.
Energy shares were among the best performers on Friday. Major oilers including
Royal Dutch Shell (
RDS.A) ,
Chevron (
CVX) ,
Total (
TOT) ,
BP (
BP) , and
Schlumberger (
SLB) were higher on Friday, while the
Energy Select Sector SPDR ETF (
XLE) added 1.1
the week ahead for Wall street
https://www.thestreet.com/story/141...ngton-the-focus-returns-to-fed-forecasts.html
Donald Trump is out of the country for the next week, giving the markets some breathing room to react to events outside of the White House.
The
Federal Reserve could assume that role, instead. Prepare for a week of Fedspeak as members prime markets for a potential interest rate hike in June. Markets already have high expectations for a move at the next meeting of the Federal Open Market Committee, the second of three expected rate increases this year.
Wall Street has priced in a nearly 74% chance of a 25-basis-point increase to the federal funds rate when the FOMC meets June 13-14, according to CME Group fed funds futures.
"They've were very clear last time, they were very clear in the prior meeting that we're going three times this year, meaning two more times," said Dan North, chief economist at Euler Hermes North America. "They want to make sure that they're not surprising the markets. So I'd be really surprised if you heard any of the Fed speeches saying anything but that."
what we can expect
futures point to a positive opening,
up 26 points
oil up
Gold up
FE up
expect the unexpected
http://www.independent.co.uk/news/w...g-abdulaziz-al-saud-collar-gold-a7746566.html
Saudi King Salman presents President Donald Trump with The Collar of Abdulaziz Al Saud Medal at the Royal Court Palace
Donald Trump received Saudi Arabia’s highest civilian honour within hours of touching down in the Middle Eastern kingdom.
Trump gets high praise from the King of Saudi Arabia, and signs deals worth $350 Billion, a deal worth that much had to be months in the planning, which begs the question, how many more deals are out there? How much more benefit to the American (and by default, the world's) economy will this guy be?
Not only can he get the entire country of Russia to vote for him in the American election, but he can also get a majority muslim country to honour him with their highest civil award
and yet all you will hear from the media is crap
there are only 8 trading sessions left in June, too early to tell, but if we end may where we started..............
salivating for the rest of the year
have a good day
