Oil rose 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the United States reported a sharp build in refined product inventories.
Brazilian President Jair Bolsonaro said on Friday he is concerned that a proposed sale of 80 percent of Embraer’s commercial aviation business to Boeing could lead to the U.S. planemaker taking over all of the division.
U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets.
Federal Reserve Chairman Jerome Powell on Friday moved to mollify financial markets concerned about a U.S. economic slowdown, saying that while momentum is solid, the U.S. central bank will be sensitive to the downside risks the market is pricing in.
World stock markets rallied on Friday while bond yields rose after sharply declining earlier in the week as Beijing announced a new round of trade talks with Washington and U.S. employment data pointed to economic strength.
Airbus has been chasing deals with leasing companies in recent weeks to try to narrow a gap in orders against rival Boeing , while experts debate whether the planemaker met its delivery target after shares took a beating.
U.S. stocks added to their healthy gains on Friday, after Federal Reserve Chairman Jerome Powell’s comment that the central bank will be sensitive to the downside risks the market is pricing in helped calm worries about slowing global growth.
Federal Reserve Chairman Jerome Powell on Friday said he has not received any direct communication from the White House about his job performance, and that he would not resign even if President Donald Trump asked him to do so.
China and the United States will hold vice ministerial level trade talks in Beijing on Monday and Tuesday, with the two countries under pressure to end a trade war that is hurting the world’s two largest economies and roiling global financial markets.
U.S. stocks jumped on Friday, rebounding from a steep slide a day earlier, as a robust U.S. jobs report added to optimism from proposed trade talks between the United States and China next week.
Oil rose to above $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Celgene Corp and Bristol-Myers Squibb Co will have to pay $2.2 billion if either of the drugmakers walks away from their $74 billion merger announced on Thursday, according to a regulatory filing.
U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a sharp slowdown in growth.
U.S. stock index futures were higher on Friday as a better-than-expected jobs report added to the optimism from proposed trade talks between the United States and China next week.
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