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Crude Oil Prices Slip On Friday
(RTTNews) - Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.
Trump's sweeping tariffs are now facing legal uncertainties, complicating the administration's broader economic agenda.
West Texas Intermediate crude for July delivery eased $0.18 or 0.30 percent to $60.76 a barrel.
Markets now await cues from an upcoming OPEC+ meeting on Saturday, where a further increase in oil production is anticipated.
Members of the oil cartel are expected to authorize another bumper production increase for July after agreeing 411,000 barrels-per-day hikes at the previous two meetings.
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Japan Bourse May Extend Thursday's Losses
The Japan stock market headed south again on Thursday, one day after ending the three-day losing streak in which it had tumbled almost 1,000 points or 2.8 percent. The Nikkei 225 now sits just above the 37,550-point plateau and the losses may accelerate on Friday.
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Před 31 minutami
Australia Building Approval Data Due On Friday
Australia will on Friday release April figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to fall 5.7 percent on month and rise 5.1 percent on year after sinking 8.8 percent on month and climbing 9.9 percent on year in March.
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Před 1 h 31 min
ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered
The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.
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Před 3 h 53 min
Euro Mixed After ECB Announcement
The euro showed mixed trading against its major counterparts in the New York session on Thursday, after the European Central Bank lowered its key rates by 25 basis points, as expected.
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Před 4 h 40 min
Swiss Market Ends Marginally Up
The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher.
Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.
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Před 6 h 3 min
European Stocks Close Slightly Higher
European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.
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Před 6 h 17 min
Canadian Market Modestly Higher In Cautious Trade
Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.
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Před 6 h 59 min
U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated
Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
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Před 9 h 30 min
