Stocks and oil rise on hopes of loosening COVID curbs in China

Euro STOXX 600 up 0.4% Oil prices recover on China’s hopes, production cuts talk Dollar falls as investors look for riskier assets China real estate stocks rise on policy support LONDON/SYDNEY, Nov 29 (Reuters) – Stocks and oil gained on Tuesday on hopes public unrest in China could lead to an earlier easing of … Read more

Oil prices erase 2022 gains as protests in China raise demand concerns

WTI is lowest since December 2021, Brent lowest since January 2022 Clashes in Shanghai as COVID protests flare up across China Investors are focusing on the next OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell close to their year-to-date lows on Monday as street protests against strict COVID-19 restrictions in China, … Read more

Oil muted as price cap proposal eases supply concerns

G7 price cap on Russian oil could be above current trade levels EIA data on gasoline stocks show higher-than-expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil fell lower on Thursday as West Texas Intermediate (WTI) crude held steady, floating within sight of two-month lows as the level of a … Read more

Oil prices hit a 10-month low according to the OPEC+ production boost report

Saudi Arabia And Other OPEC Producers Looking To Increase Production -WSJ Chinese demand fears and the strong dollar are also weighing on prices LONDON, Nov 21 (Reuters) – Oil prices fell to their lowest level since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are … Read more

Equities cautious, US yield curve deep in recession zone Markets choppy on Fed interest rate warnings US yield curve most inverted since 1981 Dollar encounters new selling, but outside of week’s lows SYDNEY, Nov. 18 (Reuters) – Asian stocks were in a cautious mood on Friday after US Federal Reserve officials fired more warning shots on interest rates as rising coronavirus cases in … Read more

Asian Stocks Shocked by Poland Explosion; dollar profits

HONG KONG, Nov 16 (Reuters) – Asian stocks fell and the dollar gained on Wednesday after an explosion in Poland that Ukrainian and Polish authorities say was caused by a Russian-made missile. Concerns about a potential increase in geopolitical tensions drove MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) down 1%. Australian stocks (.AXJO) … Read more

House donated to mobile veteran and his family

MOBILE, Ala. (WKRG) – A veteran and his family are the proud owners of a home in West Mobile, the home was donated to them this morning by the PNC bank and the Military Warriors Support Foundation. John Stapleton and his wife Janine saw their new home in Mobile for the first time Tuesday morning. … Read more