Commodities
Saudis, Russia negotiating potential deal for gradual oil-output increase
Saudi Arabia and Russia are negotiating the details of an oil supply hike which would add around 2m barrels a day to the cartel’s output from August to December, said delegates who spoke to Bloomberg on Thursday.
Europe close: Stocks start Q2 on front foot helped by economic data
European shares started the new quarter on the front foot, helped by a raft of better-than-expected economic data and positive corporate news.
US factory activity continues growing at brisk pace in June, ISM says
US factory output continued growing at a brisk pace last month, as did prices amid nearly across-the-board supply chain issues.
Manhattan grand jury indicts Trump Organization and CFO
A Manhattan grand jury indicted the Trump Organization and its chief financial officer Allen Weisselberg on Wednesday, according to reports.
Weekly US jobless claims hit new cycle low
First time jobless claims in the US retreated to their lowest level since March 2020, in a further sign of the challenges faced by companies to retain workers.
Eurozone unemployment lower than expected in May
Eurozone unemployment was lower than expected in May as the number of people without jobs dropped more than 300,000 and economies reopened from lockdowns.
Eurozone manufacturing hits record high - PMI
Eurozone manufacturing activity hit a new high in June but prices rose at record rates as supply constraints persisted, a survey showed.
Rishi Sunak to announce £15bn green finance plan
Chancellor Rishi Sunak is set to launch a green finance plan worth £15bn and a savings plan that will help to fund green jobs.
Xi threatens foreign forces with retaliation if they bully China
China’s President Xi Jinping warned foreign forces on Thursday against bullying China or they will “get their heads bashed”.
German retail sales rise but miss consensus
German retail sales rose 4. 2% in May, missing market expectations but showing a recovery in demand as stores reopened in Europe's biggest economy.
BoJ Tankan shows marked improvement in Q2 business confidence
Confidence among Japanese corporates improved markedly over the second quarter, the results of a closely-followed survey revealed.