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Stocks rise on China hopes; sterling rebounds as Brexit vote fails

58 mins ago DieselGasoil Comments Off on Stocks rise on China hopes; sterling rebounds as Brexit vote fails
NEW YORK (Reuters) – Major world stock markets climbed on Tuesday on hopes of more stimulus for China’s economy, while sterling rebounded from the day’s lows after British lawmakers defeated Prime Minister Theresa May’s deal on withdrawing from the European Union. Sterling rallied more than a cent to stand above $1.28 after the vote. It Read More

Stocks climb on hopes for China stimulus; euro slips after data

7 hours ago DieselGasoil Comments Off on Stocks climb on hopes for China stimulus; euro slips after data
NEW YORK (Reuters) – Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data. FILE PHOTO: A trader looks at price monitors as he works on the floor at the New York Stock Exchange (NYSE) in Read More

Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill

19 hours ago DieselGasoil Comments Off on Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill
ANCHORAGE, Alaska (Reuters) – Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small amount of crude oil and gas from a well that had earlier been shut. FILE PHOTO: The logo Read More

Weak China trade weighs on stocks; risk-off trade in play

1 day ago DieselGasoil Comments Off on Weak China trade weighs on stocks; risk-off trade in play
NEW YORK (Reuters) – World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets. Oil prices fell more than 2 percent and the safe-haven yen rose against the dollar following the China news, which added to Read More

Weak China trade hits stocks, prompts risk-off trade

1 day ago DieselGasoil Comments Off on Weak China trade hits stocks, prompts risk-off trade
NEW YORK (Reuters) – World stock indexes fell on Monday after a shock contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets. Copper and other commodity prices fell and the Australian and New Zealand dollars also declined following the China news, which added to Read More

Asia shares, US stock futures hit as China's export slump jolts investors

2 days ago DieselGasoil Comments Off on Asia shares, US stock futures hit as China's export slump jolts investors
SYDNEY (Reuters) – Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world’s second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits. FILE PHOTO – Investors look at an electronic board showing stock information at a Read More

Asia shares, U.S. stock futures slide as China's exports slump jolts investors

2 days ago DieselGasoil Comments Off on Asia shares, U.S. stock futures slide as China's exports slump jolts investors
SYDNEY (Reuters) – Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world’s second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits. FILE PHOTO – Investors look at an electronic board showing stock information at a Read More

Asian shares falter from 1-1/2-month highs, markets wary about China data

2 days ago DieselGasoil Comments Off on Asian shares falter from 1-1/2-month highs, markets wary about China data
SYDNEY (Reuters) – Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy. FILE PHOTO – Investors look at an electronic board showing stock information at a brokerage house in Shanghai, Read More

Asian shares pause near one-and-a-half-month highs before China data

2 days ago DieselGasoil Comments Off on Asian shares pause near one-and-a-half-month highs before China data
SYDNEY (Reuters) – Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth. FILE PHOTO – Investors look at an electronic board showing stock information at a brokerage house in Read More

Two big producers just called a bottom for oil: $60/bbl

2 days ago DieselGasoil Comments Off on Two big producers just called a bottom for oil: $60/bbl
By Anthony DiPaola, Mahmoud Habboush, Manus Cranny and Verity Ratcliffe on 1/13/2019 Oman Oil Minster Mohammed Al-Rumhi. Photo: Oman LNG. DUBAI and ABU DHABI (Bloomberg) — Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick. Prices are up more than 20% since hitting an almost two-year low in December, Read More