European Midday Briefing: Focus Switches to Outlook For Interest Rates morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
MARKET WRAPS Stocks: European stocks struggled for direction on Monday, following the strong U.S. jobs data on Friday, and after OPEC announced another voluntary production cut. "Friday's jobs report had something for the bulls and the bear. | 06:37am
European Midday Briefing: Saudi Cuts Give Boost to Oil Majors morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
right, not to left. it s a numbers game. great to have you. thank you very much. so wednesday, dana bash will moderate another cnn republican town hall. this will be with former vice president mike pence in iowa and starts at 9:00 p.m. eastern only lighter on cnn. well, gas prices could soon be on the rise in the u.s. that s as saudi arabia announces plans to slash production by a million barrels per day, starting next month. let s get right to cnn s chief business correspondent, christine romans. tell us about the impact this could have to really all of us? we ve had a nice tailwind in the u.s. economy and that s been falling gasoline prices and falling oil prices for some time. and saudi arabia is stepping up there and saying, there will be an output cut. and what that will stand to do is raise gas prices and raise oil prices, eventually. but how much still remains to be seen? this is 9 million barrels per day is what saudi arabia is going to pump from now on. that s down
OPEC+ and Russia agreed on a new oil output deal to stabilize prices. Concerns about weak global demand, punishing speculators, rising US output, and tensions with Washington influence the decision.