Oil Holds Weekly Gain as Traders Focus on Geopolitical Risks
Oil steadied after a weekly gain as geopolitical risks in Russia and the Middle East came back into focus following weekend attacks.
Oil steadied after a weekly gain as geopolitical risks in Russia and the Middle East came back into focus following weekend attacks.
Asian stocks rose, spurred by the shares of commodity-related firms as the price of copper and gold both climbed to record highs. Optimism over eventual Federal Reserve interest-rate cuts supported the rally.
Ghisallo Capital Management is opening a Hong Kong office with help from former UBS Group AG banker Carlo Agostinelli, an increasingly rare example of a hedge fund firm expanding to the city.
Iranian state television reported there was “no sign of life” at the crash site of a helicopter that was transporting President Ebrahim Raisi and went down in the northwest of the country.
Japan’s benchmark government bond yield climbed to the highest since 2013 amid expectations that the central bank is committed to normalizing interest rates and supporting the struggling yen.
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