A look at the day ahead in European and global markets from Kevin Buckland: All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia’s Pepperstone, called Friday’s U.S. payrolls report a “nirvana” of strong job creation and weaker wage growth,…
(Reuters) – U.S. industrial conglomerate 3M Co and the city of Stuart, Florida has jointly filed a motion to delay the trial of a “bellwether” PFAS case, according to a court filing late on Sunday. PFAS, the “forever chemicals” used in anything from cell phones to semiconductors, have been linked to cancers, heart problems and…
TOKYO (Reuters) – Japan’s service sector activity expanded at a record pace in May, a private-sector survey showed on Monday, thanks to a recovery in overseas demand and a surge of foreign tourists as pandemic restrictions were eased further. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) rose to a seasonally adjusted…
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than $1 a barrel on Monday after the world’s top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.64 a barrel, up $1.51, or 2%,…
By Stella Qiu SYDNEY (Reuters) – Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while…
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world’s top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219…
By David Lawder WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal he negotiated with Democratic President Joe Biden, but a prominent House conservative warned that McCarthy has “credibility issues” that may prompt some Republicans to seek his ouster as the top Republican in Congress. Representative Ken…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi’s energy ministry said the country’s output would drop to 9…
(Reuters) -Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, in a role focusing on business operations, he told Reuters. Benarroch said in an email that he was looking forward to working with the company’s team to “build Twitter 2.0 together.” “Welcome to the flock, @benarroch_joe! From one bird to the next,” tweeted incoming…
(Reuters) -Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, focusing on business operations, he told Reuters. (Reporting by Chandni Shah in Bengaluru; Additional Reporting by Dawn Chmielewski; Editing by Will Dunham)
