Carney spoke on financial market infrastructure in London. He said changes to Libor and FX benchmarks are needed.
Nothing there to upset the pound at the moment. Last at 1.6811 as cable bounces along with most currencies against the dollar.
Carney spoke on financial market infrastructure in London. He said changes to Libor and FX benchmarks are needed.
Nothing there to upset the pound at the moment. Last at 1.6811 as cable bounces along with most currencies against the dollar.
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Oil prices tumble on de-escalation hopes, but March saw a 50% surge amid Iran conflict.
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Trump reiterated that US objectives in Iran are largely met but offered no new detail on Hormuz or next steps. Markets turned mildly risk-off, with the dollar firmer, equities softer and oil higher as geopolitical uncertainty persists.
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Gas prices hit $4/gallon, impacting drivers & potentially Iran war's effect on oil.
Oil prices drop 2% on de-escalation news. Energy stocks like CRC, XPRO, RES, HPK, NBR fall. NBR down 7.8%, still up 43.3% YTD.
Oil stocks like CRK and PTEN drop 6% on de-escalation news. AESI's 6.7% fall shows volatility, but it's still up 24% YTD.
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