Tajuk : European stocks are treading water ahead of OPEC’s latest meeting
link : European stocks are treading water ahead of OPEC’s latest meeting
European stocks are treading water ahead of OPEC’s latest meeting
Thomson Reuters
File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan
LONDON — European stocks are broadly flat on Thursday morning as market participants brace themselves for the latest meeting of the oil producers cartel, OPEC.
Most analysts expect the cartel to extend production cuts for another six to nine months following recent statements from major oil players.
Earlier in May, both Saudi Arabia and Russia, which is not a member of OPEC but is seen as a critical part of any potential agreement, said they backed extending the production cuts until March 2018.
However, OPEC meetings are unpredictable affairs with internal politics often making decision making incredibly difficult. Consequently, markets are flat in anticipation.
Just before 8.20 a.m. BST (3.20 a.m. ET) no major bourse has moved more than 0.6%, while most indexes are up between 0.05% and 0.4%. Here is the scoreboard:
Investing.com
Writing in an email early on Thursday morning, FXTM analyst Lukman Otunuga notes:
“Oil prices were heavily supported this week by the growing optimism over major oil-producing countries working together to eliminate oversupply woes. With markets widely expecting OPEC and Non-OPEC members to extend the current output cut deal by another nine months, compliance is likely to be the main focus of today’s meeting.
“With compliance still a grey area, it will be interesting to see if OPEC enacts penalties in the new deal to prevent other members from cheating or going against the agreement.”
In Britain, the FTSE 100 is coming close to a new record all-time high of 7,533 points. No share on the index has gained more than 1.4%, with budget airline EasyJet and investment company Hargreaves Lansdown up 1.34% and 1.30% respectively. The index is up just 0.04%.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rCBAm9
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Thomson Reuters
File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan
LONDON — European stocks are broadly flat on Thursday morning as market participants brace themselves for the latest meeting of the oil producers cartel, OPEC.
Most analysts expect the cartel to extend production cuts for another six to nine months following recent statements from major oil players.
Earlier in May, both Saudi Arabia and Russia, which is not a member of OPEC but is seen as a critical part of any potential agreement, said they backed extending the production cuts until March 2018.
However, OPEC meetings are unpredictable affairs with internal politics often making decision making incredibly difficult. Consequently, markets are flat in anticipation.
Just before 8.20 a.m. BST (3.20 a.m. ET) no major bourse has moved more than 0.6%, while most indexes are up between 0.05% and 0.4%. Here is the scoreboard:
Investing.com
Writing in an email early on Thursday morning, FXTM analyst Lukman Otunuga notes:
“Oil prices were heavily supported this week by the growing optimism over major oil-producing countries working together to eliminate oversupply woes. With markets widely expecting OPEC and Non-OPEC members to extend the current output cut deal by another nine months, compliance is likely to be the main focus of today’s meeting.
“With
In Britain, the FTSE 100 is coming close to a new record all-time high of 7,533 points. No share on the index has gained more than 1.4%, with budget airline EasyJet and investment company Hargreaves Lansdown up 1.34% and 1.30% respectively. The index is up just 0.04%.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rCBAm9
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara European stocks are treading water ahead of OPEC’s latest meeting
Kini anda membaca artikel European stocks are treading water ahead of OPEC’s latest meeting dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/european-stocks-are-treading-water.html
Related Posts :
Ketahuilah 11 Kesan Zikir Terhadap Otak Manusia Sungguh Luar Biasa- Critics love 'Wonder Woman.' They really, REALLY love 'Wonder Woman'
- Penduduk India Dibayar Guna Tandas Awam
- Footage of how a Chinese factory made fake Budweiser beers will gross you out
- Jawapan kepada soalan Tony Pua mengenai perjanjian Proton-Geely.
0 Response to "European stocks are treading water ahead of OPEC’s latest meeting"
Catat Ulasan