Archive - Dec 23, 2015 - Story

As Baghdad gears up for an assault on ISIS-held Mosul, the Iraqi army has managed to liberate Ramadi, the "heartland" of the country's Sunni community. “We went into the center of Ramadi from different axes, and we started clearing residential areas. The city will be cleared within the coming 72 hours."

• Oil up after U.S. crude stocks drop, still close to 11-year lows (Reuters)
• Global Stocks Rally; Mining, Metals Shares Lead Gains (WSJ)
• OPEC Sees Demand for Its Crude Oil Falling for Rest of Decade (BBG)
• The Trouble With Sovereign-Wealth Funds (WSJ)
• U.S. Calls for 256% Tariff on Imports of Steel From China (BBG)
• Iraqi troops expected to drive ISIS from Ramadi in days (Reuters)

With just a handful of trading sessions left in the year, this is how the major global markets look as 2015 is about to close. As of this moment, and in keeping with the Christmas spirit, the biggest question is whether the S&P500 will close green or red for the year.