Traders
But the imminent return of U.S. sanctions on Iran and bottlenecks keeping U.S. oil from getting to market have fueled a rally that has taken benchmark oil prices to four-year highs.
In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.
The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month.
The ZTE representative on the call said it would be naive to think the ban was ordered in “a vacuum” and was assumed to be connected to the U.S.-China trade war.
Oil fell on Wednesday as investors took profit on a rally the previous day to this year’s highs.
The safe haven yen edged higher as investors’ risk appetite waned, with MSCI’s broadest index of Asia-Pacific shares outside Japan slipping 0.2 percent.
Less certain, however, is how investors should value those profits with price-to-earnings estimates. The struggle to do so could lead to more stock market volatility.
Biotechs will see little impact from rising interest rates because investors are more focused on the long-term potential of their drugs, said Rajeev Bhaman.
Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world’s largest derivatives exchange operator.
The price of subsidized sugar will be reduced from LE 10 to LE 9.5 per kilo as of September.
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