Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
(Bloomberg) — Oil fell after its biggest gain in almost two weeks, with traders monitoring trade talks between the US and its partners and this weekend’s OPEC+ meeting. Most Read from Bloomberg Brent traded near $69 a barrel after surging by 3% on Wednesday, with West Texas Intermediate above $67. President Donald Trump said he…
Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. Uncertainty over the US president’s trade war was also keeping sentiment subdued, with…
As stocks continue to shrug off rising conflict in the Middle East, strategists argue that any major moves in oil futures will likely be the biggest driver of shifts in the equities market. “Oil prices will determine whether volatility persists,” Morgan Stanley chief investment officer Mike Wilson wrote in a note to clients on Monday…
Oil is up roughly 10% since the outbreak of the Israel-Iran conflict, with Wall Street warning of further upside risk if Iran — a major oil producer — is destabilized. On Wednesday, West Texas Intermediate futures (CL=F) was little changed to settle at $75.14 per barrel following a bigger than expected decrease of US oil…
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus. Relief about a US government shutdown being avoided helped counterbalance disappointing US economic data. Investors were keeping tabs on Beijing…
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump’s looming tariffs against Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting Mexico, Canada and China due to come into force on Tuesday. Trump has…
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump’s looming tariffs against Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting Mexico, Canada and China due to come in force Tuesday. Trump had confirmed…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…