Pedro Goncalves writes: The pound was steady this morning as traders await the latest inflation figures due on Wednesday. Sterling was higher against the dollar, up 0.1% at $1.3520, and remained flat against the euro at €1.1570. The upbeat UK gross domestic product (GDP) report for the second quarter could complicate the Bank of England’s…
Oil prices dipped in early European trading on Friday morning, ahead of US president Donald Trump’s meeting with Russian president Vladimir Putin in Alaska later in the day, to discuss the war in Ukraine. Brent crude (BZ=F) futures fell 0.6% to $66.44 per barrel at the time of writing, while West Texas Intermediate futures (CL=F)…
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…