The West Texas Intermediate (WTI) for October delivery rose 2.02 USA dollars to settle at 67.86 dollars a barrel on the New York Mercantile Exchange. It lost more than 1.5 per cent in the previous five sessions. "This is largely due to a tightening fundamental outlook on the back of looming Iranian supply shortages", said Stephen Brennock , analyst at London brokerage PVM Oil Associates .
The S&P 500 is on track to record its longest bull market Wednesday, beating the bull market of the 1990s. The S&P 500 is up 11.69 points, or 0.4 percent. The energy sector, rose 0.98 percent, the most among the 11 major S&P sectors. The criticism comes ahead of the release of the Fed's minutes of its August policy meeting on Wednesday, which is expected to reaffirm its confidence in the U.S.
Mr Turnbull has said he would not stand if the Liberal Party parliamentarians back a motion for a leadership vote. Under intense pressure to call a second vote, Turnbull offered to call a party meeting if he received a letter signed by the majority of party members.
However, when the United States announced that it would restore sanctions against Iran, the French major said it would withdraw from Phase 11 to avoid American punitive measures. Last week in Washington, Secretary of State Mike Pompeo announced that the Trump administration had established an interagency task force to further crack down on Iran.
Besieged Australian Prime Minister Malcolm Turnbull has threatened to quit politics if he loses the Liberal party leadership and called for a party meeting tomorrow over the issue. "A minority has by a process of intimidation ... persuaded people that the only way to stop the insurgency is to give in to it. ..." Mr Turnbull will retire from parliament if the spill motion goes ahead.
The bull market is now 3,453 days old, making it the longest such streak as investors were pinning their hopes China and the United States would resolve their trade dispute . Medtronic Plc, PulteGroup inc and Discovery Inc all shot up almost 5% lifting the S&P 500 . The minutes of their discussions revealed deepening concerns that escalating trade wars could hurt the economy.
President Donald Trump is defending the hush money payments made by his former attorney Michael Cohen to a pair of women, insisting, contrary to Cohen's guilty plea , that the effort wasn't "even a campaign violation". A Ryan spokesman issued a statement saying "We are aware of Mr. Cohen's guilty plea to these serious charges". The pair's convictions take the count of Trump campaign figures who have pleaded or been found guilty of a crime to five.
Trump was displeased with Powell's decision to raise interest rates, according to Bloomberg . When asked if he believed in the Fed's independence, he refused to say yes, telling the reporter: "I believe in the Fed doing what's good for the country".
And Turkey on Friday threatened to respond in kind if Washington imposed further sanctions, while a court rejected another appeal to free pastor Andrew Brunson, who has been held for nearly two years on terror charges. The March 2036 Eurobond rose 1.52 cents, according to Tradeweb while the March 2038 issue gained 1.49 cents. Christian evangelicals constitute an important part of Trump's political base.
Manafort faces up to 305 years in prison if convicted on all charges. After deliberating for four days, the jury of six men and six women told the judge it had failed to reach a decision on 10 of the 18 criminal counts Manafort faces in the first trial stemming from Special Counsel Robert Mueller's investigation of Russia's role in the 2016 United States election.
He said the European Union and United States should respond to Russian Federation with "one voice". But, the European Union has not imposed sanctions related to Salisbury, although it strongly condemned Moscow and joined global action to expel Russian officials.
The president nominated Powell a year ago to replace former Fed Chair Janet Yellen . Gold is highly sensitive to interest rates as any sharp movement in rates on the higher side relates to the opportunity cost of holding non-yielding metal.
USA soft drink manufacturer PepsiCo has announced a deal to purchase the Israeli manufacturing company SodaStream for $3.2 billion (€2.8 billion). That's 11% higher than Friday's closing price and would be PepsiCo's largest acquisition in eight years.
Turkey has promised to respond to the sanctions and resisted releasing Brunson, who is accused of being involved in the 2015 coup attempt, unless the U.S. Gulen denies those allegations, and Washington has urged Turkey to present convincing evidence for any extradition proceeding to go forward. Turkish President Recep Tayyip Erdoğan also came out fighting Monday, saying an attack of Turkey's economy was no different from a strike against its flag or the Muslim call to prayer.
He told the Times yesterday that he expects "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla's destruction". On the tweet where Musk said he was considering taking Tesla private , which is now being investigated by the SEC , he said it was an attempt at transparency.
The death toll in the Italy bridge collapse has risen to 42. Public outrage over the tragedy was mounting as Italian politicians spoke of repercussions for the private companies involved in maintaining the country's creaking infrastructure.
According to Mr Trump , top business leaders from around the world claimed that removing the administrative burden of such regular reporting would boost the USA economy and create jobs . Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. "And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are".
A Google representative was not immediately available for comment. But plans to engineer a censored version of its services for China have got Google staff up in arms, with employees questioning the morality of the endeavour. Kate Conger, a New York Times reporter, posted to Twitter what she said were comments made during the meeting by Google CEO Sundar Pichai and Sergey Brin , one of the company's cofounders.
Turkey's currency, the lira, has plummeted after the two nations imposed tariffs on one another's goods. The Turkish Lira has lost almost 40 percent of its value against the USA dollar since the start of the year. Qatar has pledged to inject $15 billion into Turkey's economy to rescue the country amid USA sanctions and financial meltdown. The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investors in the country, including Qatar, could ...
The lira hit a record low of 7.24 against the USA dollar over concerns about President Tayyip Erdogan's grip on monetary policy and an ongoing row with the United States. The Committee of Concerned Scientists has compared the Brunson case to that of Serkan Golge, a NASA scientist who was arrested at the time of the coup attempt and was sentenced to more than seven years in prison for alleged links to Gulen's group.