Spain Trade Balance unchanged at €-1.9B in December

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Jan 21, 2016

Oil drops again as inventories likely to climb

After a brief recovery seen during Asia, both crude benchmarks came under renewed selling pressure in the European session as nervousness grew ahead of the weekly EIA inventory report.

Bridgewater’s Dalio sees Fed moving towards more QE

Ray Dalio, founder of the world's largest hedge fund told CNBC's "Squawk Box" at the World Economic Forum in Davos, Switzerland that amidst this turmoil in the financial markets and growth concerns back home, the Fed will not tighten monetary policy at all. He said that the Fed is likely to ease further. "I think a move to a quantitative easing would bolster psychology," he said.