Market Pulse - Commodities
Europe open: Stocks reel amid 'margin calls' in wake of oil price crash
Stocks on the Continent plummeted at the start of the week as crude oil prices crashed after Saudi Arabia kicked-off a price war in response to Russia's decision not to support further oil output cuts to help prop up the market.
Week Ahead: ECB meeting, China CPI in focus
The European Central Bank's Governing Council will be in focus over the coming week, with markets anticipating that the coronavirus outbreak will force its hand when it meets on Thursday.
Brent oil futures slide on reports Russia will not agree to extra cuts
Russia is willing to extend the existing oil output curbs agreed with other OPEC+ countries until June, but for the moment refuses to participate in extra reductions.
JP Morgan restarts Anglo American at 'overweight', upgrades BHP
JP Morgan analysts changed their tune on shares of UK-listed diversified miners in the wake of the recent 15-20% share price falls in the space.
China's services sector gauge plunges to record low
Activity in China’s services sector crashed in February, resulting in its worst month on record, as the coronavirus outbreak saw business grind to a halt.
UK should spend over £8bn in next budget to effectively decarbonise economy
A report by Lord Nicholas Stern urged Chancellor Rishi Sunak to spend over £8bn in next week’s budget on zero-carbon infrastructure and outlined the impact of climate change on the UK.
ShoreCap hails Weir Group's decision to sell oil and gas unit, upgrades to 'hold'
Analysts at ShoreCap raised their recommendation for shares of Weir Group from 'sell' to 'hold' following the company's announcement that it was looking to divest its Oil and Gas unit.
Sunday share tips: Golden Prospect Precious Metals, IntegraFin
In an increasingly uncertain world where recession fears are growing, trade tensions persist and economic growth in developed countries remains low, picking up some assets linked to gold makes sense, said the Mail on Sunday's Midas column.