Month: October 2016

US Stocks Opened Higher Supported By Gains And Technological Agreement

United States – US Stocks Opened Higher Supported By Gains And Technological Agreement; US stocks opened higher on Thursday after a series of strong earnings in the healthcare industry and a technological agreement multibillion-dollar data boosted investor confidence.

US Stocks

US Stocks


The index Dow Jones Industrial Average 49.89 points, equivalent to 0.27 percent to 18,249.22 points, while the index S & P 500 rose by 7.64 points or 0.36 percent to 2147.07 points and the NASDAQ Composite Index climbed 23.05 points or 0.44 percent to 5273.32 points.

Saudi Arabia and OPEC Arabian Gulf Members Is Ready To Cut Production 4%

Riyadh – Saudi Arabia and OPEC Arabian Gulf Members Is Ready To Cut Production 4%; Informed sources told The Daily Chappaqua that the energy ministers of the Gulf countries told their Russian counterpart this week that Saudi Arabia and its allies in the Gulf Organization of Petroleum Exporting Countries (OPEC) want to cut their production by four percent from peak levels.

Oil

Oil

The sources said the offer was made during a closed meeting in Riyadh on Sunday, where he met the minister. But Russian Energy Minister Alexander Novak told officials that Moscow will not reduce production and would only install it at current levels.

It is likely to put up four percent this offer during a meeting of OPEC at the expert level with officials from other countries producing raw material such as Russia, on 28 and 29 October in Vienna to determine the details of restricting production reached by OPEC last month in Algiers Agreement.