Global stocks are on track for their longest losing run in two years as US crude supply plummets.
Brent hit a one-year high of US$97.69 in early London trading, while US oil reached US$95 for the first time since August 2022.
US crude had hit US$95 a barrel for the first time since August 2022 while Brent prices were nudging up in early London trading again after they had hit a one-year high of US$97.69. Triple-A Germany’s yields were going higher again while Italy’s news on Wednesday that its budget deficit was widening again sent its shorter-term 2-year yields to a fresh 11-year high.
Traders were also watching US lawmakers’ efforts to avoid a another government shutdown in Washington. The strong dollar has the Japanese yen within a whisker of 150-per-dollar, seen as a level likely to provoke an official response or intervention. A number of central banker appearances are coming later in the day, most notably Federal Reserve Chair Jerome Powell at 2000 GMT.Chinese markets had limped toward a long holiday that begins on Friday. The break may be a welcome one for traders after weeks of bad news in the country’s struggling property sector.
Italia Ultime Notizie, Italia Notizie
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