Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.
European Union
Growth Stumbling But Central Bank Arsenals are Near Empty
Gold Silver Reports – Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty.
EU leaders agree to delay Brexit Until 31 October – as it Happened
Europe has done it again. Despite French President’s Emmanuel Macron’s reluctance to give the UK a long Brexit extension, the EU leaders have agreed the apparently interminable process can be delayed until October 31, with a school report on Britain’s behavior in June.
‘No-deal’ Would Prevail if UK’s Brexit plan Unclear by Next Week: France
Gold Silver Reports (GSR) – Britain would only be granted an extension to the Article 50 Brexit negotiation period if its parliament passed the deal on the table or if a clear alternative plan emerged by next week’s EU summit, a French official said on Friday.
EU’s Barnier: Vote Prolongs And Deepens Greater Uncertainty
EU’s Barnier: Orderly Brexit Remains Goal Of EU27
UK Parliament Rejects Theresa May’s Revised Brexit Deal
LONDON: Britain’s parliament rejected Prime Minister Theresa May’s deal to quit the European Union for a second time on Tuesday, deepening the country’s worst political crisis for generations, 17 days before the planned departure date.
NZ Dollar Falls as Aussie Consumer Sentiment Weakens
The New Zealand dollar fell, dragged lower with the Australian dollar on signs consumer sentiment is weakening across the Tasman.