Looming Inflation Data May Lead To Choppy Trading On Wall Street The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the considerable volatility seen to close out the previous week.
(Bloomberg) Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., one of the most prominent examples yet of a state-backed bank trying to claw back money from a distressed developer.Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketSaudis Scale Back Ambition for $1.5 Trillion Desert P
The most-traded September iron ore contract on China s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.19% higher at 791.5 yuan ($109.42) a metric ton, the highest since Mar. 26.
Oil prices were moving lower on Monday after logging a second straight weekly gain to hit a six-month high last week. Benchmark Brent crude futures dipped 0.7 percent to $90.