MarketWatch
Former institutional trader Kevin Muir pushes against the market tide with a call to buy oil now.
Bloomberg Markets
US stock futures and bonds climbed as oil fell further, with investors awaiting the Federal Reserve’s policy decision for fresh clues on the outlook for global interest rates.
Brent crude fell below $79 a barrel to a fresh three-month low. Prices slumped 15% over the last four sessions on bets the US-Iran deal to reopen the Strait of Hormuz will unleash a wave of supply and help ease concerns over inflation.
The Opening Trade has everything you need to know as markets open across Europe. With
NY Times Business
The Fair Trade Commission said that it suspected six leading ice cream manufacturers fixed the prices of popular frozen treats.
Yahoo Finance
Yahoo Finance
The Guardian
About 150 jobs have already been lost in Bolton as company reports 145% rise in profits and hands £20m to shareholdersBusiness live – latest updatesThe online electrical goods seller AO World has revealed it is outsourcing up to 200 UK call centre roles to South Africa blaming rising labour costs, as it handed £20m to shareholders.As the retailer reported a jump in profits, it said it was shifting the majority of call centre jobs overseas “in response to ongoing inflationary cost pressures, and
Bloomberg Markets
TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, Chief Executive Officer Patrick Pouyanné said.
Bloomberg Markets
European Investment Bank President Nadia Calviño discusses the lender’s investment in security defense, tech and energy projects in an interview with Bloomberg TV’s Guy Johnson. She said the UK’s exit from the European Union is partly responsible for the EU’s failure to integrate its capital markets. “We shouldn’t underestimate the importance of Brexit,” Calviño said on Wednesday. “London was Europe’s financial market, and after Brexit we have divided our forces.” (Source: Bloomberg)
Bloomberg Markets
The US and Iran plan to formally sign a memorandum of understanding on Friday in Switzerland. The interim deal would allow Iran to start oil exports immediately and gain access to a $300 billion economic development program following negotiations for a permanent peace agreement. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
BBC Sport
Belgium's Wout van Aert is set to miss next month's Tour de France with an elbow injury.
Variety
V47 Entertainment’s specialist agency Virtue Asia has struck a deal with China-listed microdrama company COL Group to develop and distribute brand-funded entertainment across Southeast Asia, the companies announced on the sidelines of the APOS conference in Bali. Under the partnership, Virtue Asia and COL will work together to package opportunities for regional marketers across microdrama, […]
Bloomberg Markets
The Group of Seven countries have agreed that no single country should supply more than 60% of their imports of critical minerals by 2030 in a effort to reduce their reliance on China, according to people familiar with the discussions.