(Bloomberg) — The American oil benchmark outpaced gains in the global marker after President Donald Trump announced tariffs that will limit supplies from the US’s two biggest foreign suppliers of crude. Most Read from Bloomberg West Texas Intermediate (CL=F) rose as much as $2.65 a barrel on Monday, compared with $1.67 for Brent (BZ=F). The…
In This Story President Donald Trump is set to slap Mexico and Canada, two of the U.S.’s top three trade partners, with 25% tariffs on all imports as soon as Saturday. But he’s eyeing a carve-out for one of his favorite products: oil. What DeepSeek’s AI breakthrough means for Meta, OpenAI, and Nvidia “Oil is…
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Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea’s president. In the latest bid to kickstart growth, President Xi Jinping and other top leaders announced…
(Bloomberg) — Oil steadied after OPEC+’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year. Most Read from Bloomberg Brent crude traded near $72 a barrel after closing 0.3% lower on Thursday, with West Texas…
The Dow and other indices surged Monday in anticipation of the upcoming earnings week, reflecting expectations for how the current quarter might influence the remainder of the year. This week will see big tech earnings, including Amazon (AMZN), Apple (AAPL), Google (GOOGL), Meta (META), Microsoft (MSFT), and Advanced Micro Devices (AMD), among others. In morning…
Major stock markets mostly dropped Monday on profit-taking and oil prices jumped as traders weighed fresh interest-rate cuts from China’s central bank aimed at reigniting the world’s second-biggest economy. Another record session Friday on Wall Street failed to carry over into the new week and inspire a similar rally elsewhere, as main equity indices mostly…
Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns. Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing…
Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing’s latest plan to boost the country’s troubled property sector. Hong Kong and Shanghai finished the morning session on a positive note after China’s housing minister outlined a fresh batch of measures in the latest bid…
Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate (CL=F) and Brent (BZ=F) each hovered above $73 per barrel.BZ=F) traded above 73 per barrel. The declines came after highly anticipated commentary from China’s Finance Minister over the weekend lacked…