Bloomberg The Organization of Petroleum Exporting Countries (Opec) and its allies have much work to do to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said. The 24-nation coalition known as Opec+ needs to “stay the course” until June as its job is nowhere near complete in terms …

Bloomberg Volatility is probably lower than it should be, but that doesn’t mean investors should turn defensive, according to JPMorgan Chase & Co. Expectations of the price movement across assets appear to be underestimated by about as much as they were in 2013 before the taper tantrum and in 2014 before the Federal Reserve began tightening, JPMorgan strategists led by …

Bloomberg That relief investors felt in January when the Federal Reserve took its dovish pivot is showing signs of turning into something bigger. A feeling approaching bliss was on display this week when ahead of Wednesday’s rate decision the S&P 500 staged its biggest rally of the year and more money flowed into equity funds than any time in 12 …