Oil Ticks Higher on US Stockpile Decline and Wider Risk-On Mood
Oil rose for a second day, buoyed by shrinking US stockpiles and a wider risk-on mood triggered by signs of ebbing US inflation.
Oil rose for a second day, buoyed by shrinking US stockpiles and a wider risk-on mood triggered by signs of ebbing US inflation.
European stock futures pointed to mild gains at open, extending a rally in Asia after US inflation data reinforced bets on Federal Reserve policy easing.
Japan’s lack of growth over the last three quarters points to the risk of a sputtering economy transitioning toward a mild bout of stagflation instead of the positive growth cycle long sought by the central bank.
Italy sold a stake of about €1.4 billion ($1.52 billion) in oil major Eni SpA in a bid to reduce its mammoth debt.
The yen is strengthening away from areas that prompted suspected intervention in recent weeks, and it’s starting to look similar to 2022 when weaker US economic data did the job for Japanese officials.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}