The Traderszone Network

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Oppenheimer’s Ari Wald says the chart of crude reminds him strongly of 2009. And that’s good news for the oil bulls.

Stocks extended gains on Monday after opening sharply higher amid an unexpected stimulus from China’s central bank as investors kept eyeing earnings.

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective.

Economic performance will determine when the Federal Reserve finally raises U.S. interest rates from near zero, an influential Fed official said on Monday, adding he hopes to tighten policy later this year. “We have to see what unfolds,” New York Fed President William Dudley said in a speech that repeated cautious optimism that the U.S. economy will continue to expand and that inflation will begin to firm later this year.

The European Union’s competition regulator plans to file antitrust charges against Russian gas company OAO Gazprom, a move that could ramp up the standoff between Europe and Moscow.
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First-quarter results came in well ahead of Wall Street’s expectations.