investing
Investing
Banks, commodity stocks lift European shares as markets await ECB meet
Investing
Commodity prices boost London shares; Melrose jumps on Ergotron unit sale
Investing
Investors dip into riskier tech, crude at $120
Investing
Russian rouble firms past 62 vs dollar, Yandex shares fall after EU sanctions
Stock markets jolted by Musk’s economy and jobs warning
Date: June 3, 2022
By Samuel Indyk LONDON (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff. Markets are on edge ahead of crucial monthly jobs...
Oil edges higher as supply still seen tight after OPEC+ hike
Date: June 3, 2022
By Alex Lawler LONDON (Reuters) -Oil edged higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much affect tight global supply and by rising demand as China eases COVID restrictions. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Thursday agreed...
Oil rises after U.S. crude drawdowns, supply tightness
Date: June 2, 2022
By Laura Sanicola (Reuters) -Oil prices edged higher on Thursday after U.S. crude inventories fell more than expected amid high demand for fuel and OPEC+ agreed to boost crude output to compensate for a drop in Russian production. U.S. crude oil stockpiles fell last week by 5.1 million barrels to 414.7 million barrels, compared with...
European shares rise after two-day decline
Date: June 2, 2022
By Susan Mathew and Bansari Mayur Kamdar (Reuters) -European shares bounced on Thursday, led by industrial and luxury names, with gains limited by lingering worries over slowing economic growth and rising prices. The pan-European STOXX 600 index rose 0.6% after losing nearly 2% over the last two sessions. Volumes are expected to be subdued as...
Russia’s Novak warns of oil shortage in Europe due to import ban
Date: June 2, 2022
(Reuters) – European Union’s embargo on oil imports from Russia may result in significant shortages of oil and oil products in Europe, Russian Deputy Prime Minister Alexander Novak said on Thursday, also calling the cooperation with OPEC+ “effective”. Speaking on state TV, Novak also said that Russia will find ways to sell its oil to...
OPEC+ brings forward oil output rises as Biden’s Saudi visit looms
Date: June 2, 2022
By Maha El Dahan, Rowena Edwards and Aziz El Yaakoubi DUBAI/LONDON/RIYADH (Reuters) -Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden. OPEC+ said it...