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Supply Disruptions in Libya and Likelihood of An Extended Output-Curb Deal Push Oil Prices Higher

Crude oil prices extended their gains on Wednesday to a second consecutive session on the back of mounting expectations that OPEC and their allies will extend their output-cut deal into the second half of this year. Besides, report showing supply … Read More

Sterling Slumps Versus Dollar on Mounting Political Uncertainties

British Pound nose-dived to the lowest level since last Friday against the dollar amidst rising uncertainties concerning the U.K. politic developments while economic data showed U.S. consumer confidence surged to a more than 16-year high in March. The pound retreated … Read More

Tracing Global Selloff, U.K. Shares Plunge. Financials and Miners Lead Losses

U.K. shares gapped down on Monday, continuing to trade lower after the biggest weekly loss since January recorded last week. The FTSE 100 index lost more than 0.7%, driven lower by losses in banking sector and mining companies. Financials topped … Read More

Gold Hits One-month Highs As Investors Exercise Caution n a Week of Political Risk Events

Gold surged high in Asian trading hours on Monday, extending its rally after having closed higher for a second week last Friday. The precious metal gathered bullish momentum as investors were taking caution ahead of an eventful week. Gold futures … Read More

Fed’s Policymakers To Deliver Speeches, PM Theresa May Triggers Brexit Process Next Week

U.S. shares closed mixed on Friday after the House of Representatives withdraw an amended health-care bill, which would repeal and replace parts of Obamacare, as Republicans needed to overhaul the U.S. healthcare system. At the close on NYSE, the Dow … Read More

U.S. Shares Inch Higher Ahead of Health-care Bill Vote, Boosted by Upbeat Durable Goods Orders

U.S. shares rose on Friday with all three stock benchmarks advancing as investors were awaiting a vote on a closely watched health-care bill while new orders for durable goods climbed faster than expected. The S&P 500 index added 0.36% with … Read More

Natural Gas Trades Below $3.000 per Btu as U.S. Supplies Fall Less Than Expected

U.S. natural gas futures prices dropped nearly 0.5 percent to trade under $3.000 per million British thermal units on Thursday after a weekly report showed that domestic supplies of natural gas fell less than expected last week. The U.S. Energy … Read More

U.K. Shares Edge Lower On The Back of Strengthening British Pound

U.K. shares continued to remain weak, stretching their downward rally to a fourth session in a row. Equities in London were weighed by a strengthening in the Sterling following upbeat retail sales. The benchmark FTSE 100 dropped nearly 0.2% to … Read More

Confronting Less Rosy Outlook, Nike Shares Plunge Nearly 4 Percent

Shares of Nike Inc. fell 3.71 percent in after-hour trading on Tuesday after the world’s largest sportswear maker reported a jump in quarterly profit but forecast a tepid outlook for sales growth due to stiffer competition and a changing retail … Read More

Gold Hits Three-week Highs As Dollar Broadly Lower Versus Rivals

Gold surged to a nearly three-week high on Tuesday as the greenback dropped to a six-week low against a basket of currencies. The dollar extended its downward rally from last week following U.S. Federal Reserve’s comments that disappointed dollar wagers. … Read More

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