Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even as producers considered cutting output to curb supply.
U.S. stocks fell at open on Friday as energy stocks took a hit from oil prices sliding to their lowest in more than a year, while investors were nervous ahead of U.S.-China trade talks at the G20 summit next week.
U.S. shoppers formed long queues at store checkout counters on Black Friday to take advantage of deep discounts on clothing and electronics, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of retailers’ make-or-break holiday season.
There’s nothing like a market crash to focus the minds of politicians, and Prime Minister Theresa May could find that only a plunge in British asset prices can persuade a divided parliament to back her Brexit deal.
Wall Street was set to open lower on Friday as energy stocks took a hit from oil prices sliding to their lowest in more than a year, while investors were nervous ahead of U.S.-China trade talks at the G20 summit next week.
Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus.
The latest collapse in oil prices has proved some investors right in their lack of confidence in energy stocks this year.
A meeting between the U.S. administration and the heads of German carmakers Volkswagen , BMW and Daimler to discuss trade policy will likely take place mid next week, a source close to the matter said.
U.S. shoppers desperate for deals banged on doors and formed long queues at checkout counters on Black Friday, as a strong economy and rising wages drove a solid start to the holiday shopping season.
China on Friday urged the World Trade Organization (WTO) to close loopholes and correct practices by some member states that damage global trade, warning of a “profound crisis” facing the institution’s existence.
Electronic travel services companies Amadeus and Sabre are being investigated by the EU over contract terms that the bloc’s antitrust watchdog says could prevent airlines and travel agents from switching to rival ticket agents.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Volvo Cars has decided to delay building Lynk & Co branded cars at its plant at Ghent in Belgium because of increased macro-economic uncertainty, a spokesman for the Geely-owned [GEELY.UL] Swedish carmaker said on Friday.
European stock markets rose on Friday after a volatile week in which company earnings and growth worries hit stocks, although the euro sank after weaker-than-expected business surveys from Germany and the euro zone.
The Trump administration has invited the heads of Volkswagen , BMW and Daimler to a meeting likely to take place mid next week to discuss trade policy, a source close to the matter said.
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