Oil edged higher in the early Asian trade as supply-side pressures from U.S. sanctions against Russiaβs oil industry likely supported prices, Exness said.
Sterling rose against the dollar and could get some relief from the fall in U.K. government bond yields after lower-than-expected U.K. inflation data, MUFG Bank said.
A sticky U.K. inflation print could have been a catalyst for further volatility in the gilt market, but instead has provided some relief, however the data show a notable downside surprise, particularly in the services sector, J.P. Morgan said, adding that inflation dynamics could prove challenging this year.
The retired executive has alleged that the firmβs longtime investment chief, Kenneth Leech, defrauded some clients nearly a decade earlier than what federal prosecutors asserted in their recent criminal indictment.
Further near-term declines in Cushing stocks would likely put more upward pressure on crude spread β the difference between the front month contract and subsequent months.
U.S. natural gas futures shook off early losses and settled higher with an Arctic blast forecast for early next week seen surpassing recent steady cold.
U.K. borrowing costs and the British pound steadied, as Treasury Chief Rachel Reeves faced questions in Parliament around the recent turmoil in bond markets.
Americaβs biggest bank plans to launch a digital retail lender in Germany, Europeβs biggest economy but one with a notoriously unprofitable banking sector.