Oil Set for Weekly Drop as Risk-Off Tone Offsets Mideast Risks
Oil pared an initial, sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Iran.
Oil pared an initial, sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Iran.
Asian stocks slid as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Japan’s Nikkei 225 Stock Average had its biggest weekly drop since June 2022 amid a global selloff in stocks as the outlook for US interest rates and tensions in the Middle East spooked investors.
The operator of the Johannesburg Stock Exchange has proposed easing some listing requirements in a bid to encourage smaller companies to the bourse, removing some of the red tape it says has become an obstacle.
UK retail sales stalled unexpectedly in March after shoppers scaled back spending on food and at department stories.
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