Oil bulls will be encouraged by the transpiring tailwinds, including rising geopolitical tensions, a potential United States interest rate cut, and rising summertime demand, while the OPEC+ supply cuts extension effectively places a sturdier floor under Oil prices. US crude was up 82 cents to $58.65 a barrel.
Stock markets mostly fell on Wednesday, with investors awaiting key clues on the outlook for United States interest rates from Federal Reserve chief Jerome Powell. Yields on 10-year Treasuries hit a one-month high.
LONDON, July 10 (Reuters) - Shares were treading water on Wednesday while rising Treasury yields kept the dollar steady, as investors waited to hear whether the world's most powerful central banker would confirm or confound expectations for a US rate cut this month. The pound halted a drop to a two-year low as data showed the United Kingdom economy rebounded in May. Economists polled by Reuters expect consumer price index to remain unchanged in June after edging 0.1% higher in May. Minutes from the central bank's last meeting further cemented expectations for a cut in borrowing costs.
Powell further noted that the baseline outlook is for the U.S. economic growth to remain solid, labor markets to stay strong and inflation to move back up to central bank's 2% target, though there is a risk that weak inflation will be persistent - more than the Fed now anticipates.
Elsewhere, oil extended gains on crude output cuts ahead of a potential hurricane in the Gulf of Mexico.
European Central Bank minutes are due on Thursday.
Wall Street had been duly circumspect, with the Dow ending down 0.08%, while the S&P 500 added 0.12% and the Nasdaq 0.54%.
Powell testifies to Senate Banking Committee on ThursdayECB minutes are due on Thursday.A key measure of USA inflation - the core consumer price index, due Thursday - is expected to have increased 0.2% in June from the prior month, while the broader CPI is forecast to remain unchanged.US producer prices are due on Friday.
The Bloomberg Dollar Spot Index decreased 0.2 per cent, the lowest in a week. Shares of American, United Airlines Holdings and Southwest Airlines Co rose between 0.5% and 1.3%.
The British pound stood at 1.2508, not removed from six-month lows of $1.2481 touched on Friday. The Japanese yen increased 0.3 per cent to 108.14 per dollar, the strongest in a week.
Futures 0#FF: are still fully priced for a 25-basis-point cut at the Fed's July 30-31 meeting, but have abandoned wagers on a half-point move. Yields on two-year Treasuries rose to 1.917 per cent from their recent low of 1.696 per cent and Europe's benchmark yields up around five basis points. Gold rose 0.3 per cent to US$1,423.66 an ounce, the highest in more than six years.
West Texas Intermediate crude climbed 0.6% to $60.81 a barrel, reaching the highest in seven weeks. Oil's climb was triggered by constrained United States supplies, with production in the Gulf of Mexico being reduced by about a third given the possibility of an incoming hurricane, along with the steep decline reported in U.S. crude inventories.
That's right, it will be a museum piece in Puebla as a lasting tribute to the automobile's rich and storied heritage. The third and final Beetle was introduced in 2011 and more than 500,000 units have been built since then.
The latest solutions in the field of economic politicians peso, the national currency of Mexico , fell more than 2%, reports TASS. Both recovered a little after Lopez Obrador quickly promoted Deputy Finance Minister Arturo Herrera to the top job.
It seems that Zoom thinks that asking a user if they want to join a meeting is a "poor user experience". However, a malicious website can exploit the web server by sending it a request for a video feed.
The parade will begin at 9:30 a.m. and move up the Canyon of Heroes, a section of Broadway between the Battery and City Hall. Fellow co-captain Megan Rapinoe took full advantage of this unexpected opportunity and scored a seemingly effortless goal.
Moon also said his country would be forced to take countermeasure if the Japanese trade measures damage South Korean companies. She went on to say that the US by not intervening in the issue "again revealed the current state of South Korea-US relations".
India's captain reviewed the decision but could not get it overturned. "He timed the ball beautifully well", Williamson said. It was the third consecutive occasion when Virat Kohli failed to make it count in a World Cup semi-final.
Trump's threat to impose a tariff of as much as 25% on European auto exports has cast a cloud over the negotiations as well. The measure would levy a 3 percent tax on certain revenue that major tech companies earn in France.
Over the previous years, the influx of computerized weapons has made clashes extra deadly and escalated the cycle of violence. Six people had been ambushed and killed near Peta on Saturday, Hela Police Chief Inspector Teddy Augwi told the newspaper.
Perot has obviously changed my life, he has changed Texarkana College's life, he has changed this community's life and future". The pioneer of the computer services industry, who founded Electronic Data Systems Corp.in 1962 and Perot Systems Corp.
At least 16 killed, 84 injured in Pakistan train crash
Prime Minister Imran Khan expressed grief over the accident and called for measures to prevent similar incidents in the future. At least 84 people were injured, with some in critical condition, according to physician Javed Ahmed.
Arsenal star refuses to join club on USA tour
It appears there will be opportunities for a number of young players, including new teenage signing Gabriel Martinelli. Arsenal captain Laurent Koscielny has refused to travel to the United States with the rest of the squad for pre-season.
Taylor Swift tops Forbes’ list of highest-earning entertainers
Social media and reality TV star Kylie Jenner is ranked second on the list with an estimated pre-tax pay packet of $170m (£136m). Akshay Kumar has been working tirelessly and has given Bollywood some of the biggest hits in the past couple of years.
Boult keen for another shot at Australia in World Cup final
But after getting beaten by Pakistan and Sri Lanka we dwelt on it a little bit rather than just forgetting about it and moving on. But while the real trophy is taken back to the ICC headquarters in the UAE, the team takes home a replica.
Kilometer-sized asteroid orbits the sun every 151 days
One other Atira asteroid has been discovered by the ZTF team, 2019 AQ3 , which orbits the Sun approximately once every 165 days. The camera scans the skies rapidly making it well-suited for finding Atira asteroids with short observing windows.