Oil prices rose 1% on Monday due to strong demand forecasts for the second half of the year and declining supplies from Canada and OPEC+. The International Energy Agency (IEA) warned of a looming oil shortage in the second half of the year, and a senior executive at Vitol said Asia will lead oil demand growth of around 2 million barrels per day. Prices were held in check by a stronger dollar and as the market waited for news on the U.S. debt.
The world's fifth-largest stock market has been back in the news in recent weeks. After an unfavorable stock market period - the all-time high for Japanese equities dates back three decades - the country's flagship index, the Topix, has been on a fine upward trend since 2012, and has just surpassed those famous records dating back to the 1990s. A great opportunity to (re)discover how the Japanese stock market works. | 11:46am