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Global stocks mostly flat ahead of G20; dollar slips

38 mins ago DieselGasoil Comments Off on Global stocks mostly flat ahead of G20; dollar slips
NEW YORK (Reuters) – Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. Traders work on the floor at the Read More

Wall St. flat as healthcare losses limit tech gains

3 hours ago DieselGasoil Comments Off on Wall St. flat as healthcare losses limit tech gains
(Reuters) – Wall Street’s main indexes were flat on Monday, as losses in healthcare stocks offset gains in the technology sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Bitcoin trades above $11,000, after 10% weekend jump

3 hours ago DieselGasoil Comments Off on Bitcoin trades above $11,000, after 10% weekend jump
LONDON/NEW YORK (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March last Read More

Oil up on U.S.-Iran tensions but demand concerns cap gains

7 hours ago DieselGasoil Comments Off on Oil up on U.S.-Iran tensions but demand concerns cap gains
LONDON (Reuters) – Oil prices rose on Monday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains . FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Read More

Futures edge higher with trade talks in focus

8 hours ago DieselGasoil Comments Off on Futures edge higher with trade talks in focus
(Reuters) – U.S. stock index futures edged higher on Monday, with investors hoping that the upcoming U.S.-China trade talks will help de-escalate a trade war that is damaging the global economy. FILE PHOTO: Traders work on the main trading floor after the opening bell at New York Stock Exchange (NYSE) in New York, U.S. June Read More

G20 nerves hit Europe stocks; dollar slips to three-month low

8 hours ago DieselGasoil Comments Off on G20 nerves hit Europe stocks; dollar slips to three-month low
LONDON (Reuters) – European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

Lufthansa announces overhaul of budget carrier Eurowings

9 hours ago DieselGasoil Comments Off on Lufthansa announces overhaul of budget carrier Eurowings
BERLIN (Reuters) – Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit. FILE PHOTO: The economy class section of an Airbus A340-300 of Eurowings, a low-cost airline and fully Read More

Oil extends gains on U.S.-Iran tensions

9 hours ago DieselGasoil Comments Off on Oil extends gains on U.S.-Iran tensions
LONDON (Reuters) – Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq Read More

Down the yellow brick road: China buying gold & dumping dollar assets as trade war with US escalates

10 hours ago DieselGasoil Comments Off on Down the yellow brick road: China buying gold & dumping dollar assets as trade war with US escalates
Gold prices rallied to six-year highs last week and continued posting gains on Monday at $1,403 per ounce. China boosting its gold stockpile, to shift away from the US dollar, has added to the precious metal’s resurgence. The People’s Bank of China has purchased more than 70 tons of gold since December, according to the Read More

G20 nerves hit European stocks, dollar; oil gains

10 hours ago DieselGasoil Comments Off on G20 nerves hit European stocks, dollar; oil gains
LONDON (Reuters) – European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May Read More