* Summer driving season underpins market recovery * U.S. infrastructure bill brightens demand outlook -analysts * OPEC+ meeting on July 1, seen cautious with easing output cuts * GRAPHIC: Brent and WTI crude refini.tv/3w2pz6N By Sonali Paul and Koustav Samanta Oil prices climbed for a third straight session on Friday, on Continue Reading
British pound, gilt yields slip on dovish BoE, stocks up
The British pound and government bond yields fell on Thursday, while London’s benchmark FTSE stock index rallied after the Bank of England left policy steady just as other major central banks start to position for the end of emergency stimulus. The BoE kept the size of its stimulus programme unchanged Continue Reading
Sterling takes a breather as BoE policy decision looms
* Pound down 0.1% vs dollar, euro * Bank of England policy decision 1100 GMT * Graphic: World FX rates in 2020 * Graphic: Trade-weighted sterling since Brexit vote Sterling was steady on Thursday, with investors holding off major bets ahead of a Bank of England policy meeting set to Continue Reading
Central bank digital currencies get full BIS backing
Dubbed the central bank to the world’s central banks, the BIS, which is coordinating many of their discussions on digital currencies, set out recommendations on Wednesday on how a CBDC such as a digital dollar, euro, yen or yuan should look. Key takeaways Central bank digital currencies (CBDCs) offer in Continue Reading
Oil may hit $100 but volatility will also grow, say energy CEOs
LONDON, June 22 (Reuters) – Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. “There is quite a chance to reach $100 but we could see again in Continue Reading
PRECIOUS-Gold gains after U.S. Fed chief calms rate hike jitters
Gold prices rose on Wednesday after U.S. Federal Reserve Chair Jerome Powell pledged to keep interest rates near zero for some time, although gains were capped by a slight uptick in the dollar as investors waited for further clarity on inflation. Spot gold XAU= was up 0.2% at $1,781.18 per Continue Reading
UK May CBI trends total orders 19 vs 17 prior
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. Factory output expectations the strongest since 1982 and order books strongest since 2019.
London’s FTSE 100 drops to one-month low; Morrisons surges
* FTSE 100 down 0.8%, FTSE 250 off 0.5% London’s FTSE 100 index fell to its lowest level in a month on Monday, led by weakness in heavyweight mining and travel stocks, with investors weighing inflation concerns ahead of economic data and Bank of England’s rate decision later in the Continue Reading