Tag: prices
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G7 to release 100 million barrels of oil and diesel after Trump export ban threat
The coordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.
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Oil prices drop as Europe agrees to release diesel reserves
HOUSTON, Oct 2 : Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel from America.Brent was down $1.80, or 1.76 per cent, at $100.50 a barrel at 10:49 a.m. CDT…
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Europe to release diesel reserves after Trump request
The US leader asked European countries to release some of their diesel reserves to ease the rising prices. The issue has damaged Trump’s popularity back home.
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Traders now see little chance of a Fed rate hike in October after weak jobs report
Odds tumbled after a jobs report showed a soft labor market, leading more traders to lower the the chances of a fed funds rate increase this month.
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Global shares gain, bonds supported as oil drops, jobs data misses expectations
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell, while weaker-than-forecast US jobs data scuppered chances of a rate hike from the Federal Reserve later this month. Nonfarm payrolls increased by 29,000 jobs last month after a downwardl
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Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
Nonfarm payrolls were expected to increase by 84,000 in September while the unemployment rate held at 4.1%.
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Global shares gain, bonds supported as oil drops ahead of US jobs data
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell ahead of key US jobs data that could shape expectations for the Federal Reserve’s next policy move. In Europe, longer-dated sovereign bond prices rose on the day, although those in more ind
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Eurozone inflation hits its highest level in three years at 3.8%
Annual euro zone inflation hit 3.8% last month, its highest level since September 2023.
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US pressures EU allies to release diesel stockpiles amid soaring fuel prices stoke public anger
The Trump administration has called on its European allies, particularly Germany and France, to release strategic diesel reserves in an effort to ease fuel prices. The EU will hold an emergency meeting on Friday.
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South Korea September inflation eases to 2.9% y/y, matches forecast
SEOUL, Oct 2 : South Korea’s annual consumer inflation slowed to the 2 per cent range in September, driven down by government price control measures and falling agricultural costs, official data showed on Friday.The Consumer Price Index (CPI) rose 2.9 per cent in September from a year earlier, according to th
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