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Crude climbs on supply concerns, stocks buoyant

From tradingfloor.com

•All three US three major indexes logged another round of records •Precious metals sold off on stronger USD fuelled by US Manufacturing data •Better-than-expected producer prices in China have given copper a boost •Markets have raised the probability of a Fed rate hike in December to 80% •News from Iraqi and Trump’s Iran moves have driven up crude prices •European stocks were mainly weighed down by Spanish stocks, •1730 – EC: European Central Bank chief economist Peter Praet is speaking at a panel in Brussels. •1815 – UK: Bank of England governor Mark Carney testifies to members of parliament. •2130 – UK: BOE’s Alex ... (full story)

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  • Category: Fundamental Analysis