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Wall Street falls as Fed signals smaller rate cut

2 days ago DieselGasoil Comments Off on Wall Street falls as Fed signals smaller rate cut
NEW YORK (Reuters) – Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid Read More

Oil climbs as Middle East tensions offset demand worries

2 days ago DieselGasoil Comments Off on Oil climbs as Middle East tensions offset demand worries
NEW YORK (Reuters) – Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Read More

Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

2 days ago DieselGasoil Comments Off on Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Oil steadies as Middle East tensions counter demand worries, set for weekly fall

2 days ago DieselGasoil Comments Off on Oil steadies as Middle East tensions counter demand worries, set for weekly fall
NEW YORK (Reuters) – Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. Read More

Fed rate cut bets buoy stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Oil jumps after U.S. Navy downs Iranian drone

2 days ago DieselGasoil Comments Off on Oil jumps after U.S. Navy downs Iranian drone
TOKYO/SINGAPORE (Reuters) – Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, Read More

Indian state party boss sleeps on parliament floor in bizarre protest

2 days ago DieselGasoil Comments Off on Indian state party boss sleeps on parliament floor in bizarre protest
The president of India’s BJP party in the state of Karnataka made a makeshift bed for himself right in the parliament’s aisle as his party staged a “sleep-in” protest, accusing the rival coalition of delaying a confidence vote. The 76-year-old leader of the BJP branch in the southern state of Karnataka, B. S. Yeddyurappa, went Read More

Wall Street rises as Fed’s Williams cements rate-cut expectations

3 days ago DieselGasoil Comments Off on Wall Street rises as Fed’s Williams cements rate-cut expectations
NEW YORK (Reuters) – U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month. Traders work on the floor of the New York Stock Exchange in New Read More

Trade, earnings caution weigh on stocks; oil drops

3 days ago DieselGasoil Comments Off on Trade, earnings caution weigh on stocks; oil drops
NEW YORK (Reuters) – A gauge of global stocks lost ground for a third straight session on Thursday on worries over how the trade war between the United States and China could take a toll on corporate earnings, while oil prices dropped on expectations of rising output. Traders work on the floor at the New Read More

Oil falls nearly 3% as U.S. Gulf production returns

3 days ago DieselGasoil Comments Off on Oil falls nearly 3% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More