Americas

Earlier today, the OPEC released its latest monthly forecast which echoed what the IEA said yesterday, as the organization which Roseneft CEO Sechin said has "practically stopped existing", said shrinking U.S. output and massive cuts to investment in new projects will reduce the global oil glut over the course of this year, potentially pushing world-wide oil production lower than demand in 2017.

While everyone knew Q1 would be a terrible quarter for energy companies, it is turning out to be an absolute bloodbath for consumer-facing retail companies, and the latest example was "fashion accessory", but really watch company Fossil, which has cratered after hours after reporting not only a miss in EPS of $0.12 (Est.

Something happened this week that has never happened before. While outflows from equity ETFs soared, the $3.6 billion redemptions from high yield bond ETF HYG this last few days is the largest ever - almost twice as big as the previous largest outflows (seen in May last year).

The last week saw the biggest outflows from the high-yield bond ETF (HYG) ever...

Iran has summoned the Swiss Ambassador to Tehran to protest the controversial supreme court ruling that $2 billion of frozen Iranian assets be used to compensate American victims of “terror”. Last week the supreme Court ruled that Iran must pay the sum to survivors and relatives of those killed in attacks blamed on the Islamic republic. Iran’s Foreign Minister Mohammad Javad Zarif threatened to take legal action in the International Court of Justice against the United States if the amount in frozen funds is “diverted”.

Just as US equity futures were about to roll over following some very substantial misses yesterday by the likes of Google, Microsoft, Starbucks and a plunge in Visa shares, overnight who came to the markets' rescue but the BOJ, when shortly after midnight Bloomberg reported that "according to people familiar with talks at the BOJ" which is the traditional keyword for a BOJ source testing out the market's reaction, Japan's central bank may "help" local banks to lend by offering a negative rate on some loans.