A look at the day ahead in European and global markets from Rae Wee Oil prices are headed for their largest weekly rise in over a year on Friday, spurred by escalating Middle East tensions that have cast a pall over global markets ahead of the weekend. Most equity indexes and stock futures were in…
A look at the day ahead in European and global markets from Rae Wee Oil prices are headed for their largest weekly rise in over a year on Friday, spurred by escalating Middle East tensions that have cast a pall over global markets ahead of the weekend. Most equity indexes and stock futures were in…
(Reuters) – Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market. Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010…
Biden said Israel’s response to Iran would not come on Thursday, but US officials declined to offer more detail. US officials say they have been having “a number of conversations” with their Israeli counterparts in the aftermath of Iran’s missile attack on Tuesday, but declined to say when or how Israel planned to respond, and…
U.S. stocks are drifting Thursday as crude oil prices continue to climb and signals suggest the economy remains solid. The S&P 500 was 0.4% lower in midday trading after flipping between modest gains and losses earlier in the day. The Dow Jones Industrial Average was down 273 points, or 0.6%, as of 11 a.m. Eastern…
German Foreign Minister Annalena Baerbock is set to visit China “in the coming days” against the backdrop of potential turning points in conflicts in Ukraine and the Middle East, according to people familiar with the matter. Two sources familiar with discussion about Baerbock’s plan to visit said the trip had been “largely confirmed”. They both…
Israel and Iran have never been closer to sparking a regional war in the Middle East. Iran on Tuesday launched a two-wave ballistic missile attack in response to Israel’s killing of Hezbollah Secretary-General Hassan Nasrallah in Beirut last week and following the July 31 assassination of Hamas political chief Ismail Haniyeh in Tehran. The salvo…
Oil rose for a third day as traders assessed supply risks in the Middle East, with Israel expected to make a retaliatory strike against Iran following Tehran’s missile barrage earlier this week. Brent crude climbed toward $75 a barrel after, on course for the longest run of daily gains since August, while West Texas Intermediate…
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. Iryna Ustenko | Istock | Getty Images The dollar rose to a one-month high versus the yen on Thursday as…
File photo: US President Joe Biden (Picture credit: AP) The United States is reportedly urging Israel to exercise caution while responding to Iran‘s recent escalation of launching approximately 200 ballistic missiles on Tuesday night.During consultations following Iran’s missile launch, US President Joe Biden and G7 leaders have stressed the importance of a “proportionate” response. Biden…