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Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes

By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel […]

Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes
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Oil hovers near three-month high on trade optimism supply cuts

By Ritu, Capital Sands Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world’s biggest economies. Brent crude oil futures  had slipped by three […]

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Pound Gains on Brexit Optimism as Focus Shifts to Trade Talks

By Ritu, Capital Sands   Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The pound rallied for a second day amid optimism a speedy resolution to the Brexit deadlock is in store after the Conservative Party’s election victory. Sterling advanced against all its major peers after Chief Secretary […]

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Asian Markets Mixed as Lighthizer Says No Date is Set for Phase Two Talks

By Ritu, Capital Sands Asian markets were mixed on Monday morning in Asia as U.S. Trade Representative Robert Lighthizersaid the phase one Sino-U.S. trade deal is “totally done,” but no date is set for the next phase two talks. China’s Shanghai Composite slipped 0.1% by 11:35 PM ET, while the Shenzhen Component gained 0.6%. Hong Kong’s Hang […]

Sports

Unstoppable Liverpool look to sign off in style

League leaders Liverpool have won 15 of their 16 games in the Premier League this season. (AFP) Jurgen Klopp’s men are eight points clear of their nearest pursuers as they prepare to jet out to Qatar for the Club World Cup Liverpool will seek to sign off their pre-Christmas Premier League duties in style against […]

Sports

Pakistan appoints Mushtaq as spin bowling consultant

Mushtaq Ahmed’s first job will be to work with experienced leg-spinner Yasir Shah He will rejoin the team for the second Test in Karachi Pakistan has appointed former Test leg-spinner Mushtaq Ahmed as spin bowling consultant for a one-year term. Mushtaq’s first job will be to work with experienced leg-spinner Yasir Shah at the National […]