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Dollar gains on lower rate cut expectations, stocks flat

5 hours ago DieselGasoil Comments Off on Dollar gains on lower rate cut expectations, stocks flat
NEW YORK (Reuters) – The dollar rose and European shares fell on Wednesday as traders scaled back expectations of an aggressive cut in U.S. interest rates in July, while Wall Street rose on hopes of a China-U.S. trade breakthrough at the G20 summit later this week in Japan. FILE PHOTO: Traders work on the floor Read More

Dubai sour crude steady, awaits further cues from G20 talks

17 hours ago DieselGasoil Comments Off on Dubai sour crude steady, awaits further cues from G20 talks
Dubai sour crude structure in Asia was largely unchanged overnight as market participants looked to discussions between the US and China at the ongoing G20 summit for further cues on global trade strategy. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11 am in Singapore (0300 GMT) on Read More

Gold soars to six-year high, stocks slide after Powell speech

1 day ago DieselGasoil Comments Off on Gold soars to six-year high, stocks slide after Powell speech
NEW YORK (Reuters) – Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected. FILE PHOTO: Traders work on the main trading floor after the opening bell at Read More

Gold soars to six-year high as trade, as Iran tensions mount

1 day ago DieselGasoil Comments Off on Gold soars to six-year high as trade, as Iran tensions mount
NEW YORK (Reuters) – Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. FILE PHOTO: Traders work on the main trading floor after the Read More

Why oil’s outlook could be even bleaker than expected

1 day ago DieselGasoil Comments Off on Why oil’s outlook could be even bleaker than expected
By Bloomberg News on 6/25/2019 SINGAPORE and BEIJING (Bloomberg) — As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. While the Saudi Arabian-led efforts to restrain supply amid surging Read More

Global stocks mostly flat ahead of G20; dollar slips

2 days 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

Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?

4 days ago DieselGasoil Comments Off on Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?
LONDON (Reuters) – After years of using the internet, satellites, algos and other innovations to mine ‘Big Data’ for that edge over rivals, the world’s biggest investment firm is trialing a gizmo that puts the focus back on humans — its own portfolio managers. FILE PHOTO: A sign for BlackRock Inc hangs above their building Read More

Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?

5 days ago DieselGasoil Comments Off on Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?
LONDON (Reuters) – After years of using the internet, satellites, algos and other innovations to mine ‘Big Data’ for that edge over rivals, the world’s biggest investment firm is trialing a gizmo that puts the focus back on humans — its own portfolio managers. FILE PHOTO: A sign for BlackRock Inc hangs above their building Read More

NYMEX RBOB rallies nearly 7 cents following PES refinery fire

5 days ago DieselGasoil Comments Off on NYMEX RBOB rallies nearly 7 cents following PES refinery fire
Highlights Philadelphia FD: PES fire ‘not under control, but contained’ Transatlantic clean tanker rates jump on import expectations Physical reaction muted as traders adopt wait and see approach New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX refined products settled at a three-week high amid supply Read More

Oil up on Iran tensions, stocks hover at seven-week highs

5 days ago DieselGasoil Comments Off on Oil up on Iran tensions, stocks hover at seven-week highs
NEW YORK (Reuters) – Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East, while increases on Wall Street kept a gauge of global stock markets near seven-week highs. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More