Oil prices boosted by China manufacturing activity data; weaker dollar helps
Investing.com– Oil prices rose Monday, benefiting from stronger-than-expected Chinese manufacturing activity data, suggesting a recovery in the world’s second-largest economy and major crude importer. At 08:40 ET (12:40 GMT), Brent crude futures…
South African markets cheer Ramaphosa’s ‘business friendly’ cabinet
By Bhargav Acharya and Kopano Gumbi JOHANNESBURG (Reuters) -South African assets rose sharply on Monday after President Cyril Ramaphosa formed a new cabinet following a long wait that included the…
Euro rises as French far right faces narrow road to majority
By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) -The euro climbed on Monday after a convincing and historic win by the French far right in the first round of parliamentary…
Dollar is only winner from China-West trade war: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The only “winner” from a possible all-out trade war between the West and China will probably be the U.S. dollar. Uncertainty around global trade…
Morning Bid: H2 kicks off, markets bet on French gridlock
A look at the day ahead in U.S. and global markets from Mike Dolan An event-packed but shortened week stateside kicks off the second half of 2024, with European markets…
South African rand rallies on Ramaphosa’s new cabinet
JOHANNESBURG (Reuters) -The South African rand rallied on Monday as investors welcomed President Cyril Ramaphosa’s annou8ncement of a new coalition cabinet that includes the leader of the former opposition Democratic…
Dollar dips ahead of payrolls; euro gains on French poll results
Investing.com – The U.S. dollar slipped lower in early European trade Monday ahead of the week’s key employment report, while the euro rallied after the first round of voting in…
Oil prices lifted by summer demand hopes
By Arunima Kumar (Reuters) -Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and…
Euro rallies as French far right faces tricky path to majority
By Rae Wee SINGAPORE (Reuters) -The euro rose on Monday after the first round of France’s snap election put the far-right in pole position, though by a smaller margin than…
Trans Mountain oil pipeline just shy of target for first-month loadings
By Arathy Somasekhar HOUSTON (Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline,…
