Oil prices edge lower with U.S.-Iran talks in focus ahead of ceasefire expiry
Low volume, narrow leadership show some traders are unconvinced
(RTTNews) – Gold fell below $4,800 an ounce on Tuesday as investors awaited clarity on U.S.-Iran peace talks.
The United Arab Emirates has reportedly opened talks with the US about a financial backstop in case the country plunges into further crisis due to the war on Iran, according to the Wall Street Journal. Kasia Klimasinska reports on Bloomberg Television. (Source: Bloomberg)
Africa’s oil wealth hasn’t translated into fuel security, leaving the continent exposed to shocks like the Iran war, explains Bloomberg Opinion columnist Justice Malala. (Source: Bloomberg)
Dovish comments could fuel another leg down in Treasury yields.
Fitch Ratings revised its outlook on the Philippines’ credit rating to negative from stable, saying the stall in public investment has created risks to economic growth.
Goldman has been warning that the latest leg higher for stocks is “a bit much,” and that a big wave of buying could be about to slow.
Singapore companies are exploring adjustments as rising energy prices begin to bite and concerns over labor costs mount.