US exchanges set to open flat on Monday

Source: WBP Online
On Wall Street, New York, mood before Monday's market opening was calm, because most economic calendars were almost empty and witout any major macroeconomic data realeases for Monday, as most important events were set for the rest of the week. Standard & Poor's 500 index remained unchanged pre-market at 2,043.50 points.
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Mon, 16 May 2016 13:37:32 GMT

USD/CAD opens low with minimal volatility

The Loonie traded higher against the Dollar as oil prices went up on Monday, while volatility remained low resulting from an empty economic calendar. The WTI traded 2% higher above the $47 level and Brent showed $49, a 2% raise as well. The Canadian Dollar traded at $0.7737 at 10:15 AM GMT against the Euro with support at $0.7776 and

Mon, 16 May 2016 10:57:04 GMT

Volkswagen faces a lawsuit against world's largest sovereign wealth fund

Norway's $870 billion oil fund and fourth largest stockholder of Volswagen shares, announced start of legal actions against VW in Germany's court. Main reason is to "safeguard fund's holding", because the diesel emissions scandal in US and subsequential stock value fall. In upcoming weeks a lawsuit will be started by fund's officials.

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