The pan-European STOXX 600 index fell 1.3 per cent, with eurozone banks down 5.6 per cent after a six-day run of gains. — Reuters pic
Shares in oil majors Royal Dutch Shell, BP and Total fell between 3.2 per cent and 4.7 per cent as crude prices pulled back on the spectre of persistent oversupply. Meanwhile, investors also awaited the Federal Reserve’s two-day monetary policy meeting, set to conclude tomorrow.
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Asia stocks set to gain after recovery hopes push Wall Street higher | Malay MailNEW YORK, June 9 ― Asian stocks were set to climb today as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure. Markets have been encouraged by a May US jobs report last week that...
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Global stocks rally on quick economic revival hopes, oil slides | Malay MailNEW YORK, June 9 ― Global equity markets surged yesterday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil slid after Saudi Arabia said new output cuts by producer nations would not include extra cuts by three Gulf countries. A surprisingly...
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