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Stock impact report

U.S. refineries seen carrying out lightest fall maintenance season in three years [Seeking Alpha]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Seeking Alpha
50-basis point interest rate cut, and fresh escalations between Israel and its enemies raised the risk of a broadening Middle East conflict. Lower U.S. interest rates are seen favoring a soft landing for the U.S. economy, and the decline in the latest weekly jobless claims supported such expectations, but broad concerns over weakening demand appeared to limit larger gains. Some oil watchers are concerned the jumbo rate cut may mean the Fed sees problems with the global economy, but "ultimately the cut is going to be bullish for stocks and commodities and especially oil," according to Phil Flynn of Price Futures Group. One potential reason is a declining U.S. dollar, pressured further by the Fed's rate cut, that could help boost demand for oil and petroleum products; the U.S. dollar fell on Thursday, touching 14-month lows. Meanwhile, traders are warily watching the Middle East as Israeli air strikes against Hezbollah targets in Lebanon followed two days of exploding devices th Show less Read more
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