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World stocks stall as U.S.-China tensions flare again
Author: SandraHein
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World stocks stall as U.S.-China tensions flare again
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API Estimated Biggest US Inventory Fall in 4 Months
Energy prices rebounded on report of US inventory draw and the retreat of US dollar. the front-month WTI crude oil contract initially rose to 53.43 before ending the day at 53.26, up +1.78%, while the Brent contract settled at 56.46, up +1.79%. Prices of refined oil products also gained for the day.
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API Estimated Biggest US Inventory Fall in 4 Months -
Pound Plunged as Brexit Process to Begin in Less than Half a Year
Renewed selloff was seen in British pound as Prime Minister Theresa May indicated that the Brexit process might begin in the first quarter of 2017. Together with mixed US data, Wall Street ended the day lower with DJIA and S&P 500 indices losing -0.3% and -0.33% respectively. European shares were choppy but major indices settled higher.
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Pound Plunged as Brexit Process to Begin in Less than Half a Year