The Wayback Machine - https://web.archive.org/web/20160307182423/http://www.reuters.com/finance/markets

Global Markets News

Oil hits 2016 high above $40; glut warnings resurface

Photo

NEW YORK Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as investors rotated more assets into raw materials, with oil buying encouraged by talk that OPEC producers want a higher anchor price after a selloff that has lasted nearly two years.


Wall St. set for five-day winning streak as oil surges

The S&P; and the Dow were on track to register their first five-day streak of gains since October as a surge in oil prices lifted energy and materials stocks on Monday.

1:13pm EST

Brent oil rises to 2016 high; U.S. stocks gain

NEW YORK Brent oil prices hit a high for the year above $40 a barrel on Monday after data showed a smaller-than-expected build in U.S. crude stockpiles, helping U.S. stocks extend recent gains.

12:30pm EST

Fed's Fischer warns that U.S. inflation could be accelerating

WASHINGTON Inflation is showing signs it could accelerate in the United States, a top Federal Reserve policymaker said in comments that back the view that the central bank will hike interest rates again this year.

1:19pm EST

Slow U.S. wage growth does not signal weak job market: Fed study

SAN FRANCISCO Slow U.S. wage growth is the result of underlying shifts in the labor force rather than a sign of a weak job market, according to a short paper published Monday by the San Francisco Federal Reserve Bank.

1:03pm EST

Euro zone asked to prepare for Greek debt relief talks after reform review

BRUSSELS The chairman of euro zone finance ministers Jeroen Dijsselbloem asked them on Monday to prepare for Greek debt relief talks as soon as lenders verify Athens has carried out promised reforms, which one official interpreted as meaning April.

1:08pm EST
World Markets

UPDATE 10-Oil hits 2016 high above $40; glut warnings resurface

* PIRA says OPEC seeks $50/barrel for oil near-term (New throughout, updates prices and market activity, adds information about hedge fund positions)

Energy, Stocks, 1:20pm EST

European shares open lower led by EDF, Old Mutual surges

MILAN, March 7 European shares fell on Monday following recent gains, led by French utility EDF, with investors awaiting the European Central Bank policy meeting later this week to give near-term direction.

European shares slip as EDF and bank stocks fall

MILAN, March 7 European shares fell on Monday, led lower by a slump in utility EDF after a senior executive quit, and by weaker bank stocks which were hit by some broker price target cuts.

Nikkei snaps 4-day winning streak as profit-taking sets in

TOKYO, March 7 Japan's Nikkei share average fell on Monday, snapping a four-day winning streak as investors took profits from a sharp rally last week.

Stocks, Asian Markets, 1:12am EST

Hong Kong shares flat despite upbeat mainland markets

March 7 Hong Kong shares ended Monday roughly flat, ignoring a rally in mainland markets and on the back of rising selling pressure after the benchmark Hang Seng Index rose 10 percent over the past three weeks.

3:23am EST

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary