Jerry Lin
The Latest
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Oil Prices Hover Near $85 Amid Middle East Tensions and Awaited US Inventory Data
Brent crude oil prices remained steady on Thursday, holding just below seven-week highs as the market closely monitors escalating conflict in the Middle East and anticipates the latest U.S. inventory data. By 11:45 GMT, Brent futures for August delivery had risen 28 cents, or 0.3%, to $85.35 a barrel, while U.S. West Texas Intermediate (WTI) futures for July, expiring on Thursday, edged up 13 cents, or 0.2%, to $81.70 a barrel. 
Brent crude oil prices remained steady on Thursday, holding just below seven-week highs as the market closely monitors escalating conflict in the Middle East and anticipates the latest U.S. inventory data. By 11:45 GMT, Brent futures for August delivery had risen 28 cents, or 0.3%, to $85.35 a barrel, while U.S. West Texas Intermediate (WTI) futures for July, expiring on Thursday, edged up 13 cents, or 0.2%, to $81.70 a barrel. -
Record $40 Billion Inflow Expected as Global Funds Target Indian Debt Market
According to data from Wednesday, as of June 18, global funds have net purchased 73.5 billion rupees ($8.81 billion) in Indian government bonds this month. This is an increase from the 52 billion rupees bought in May and a significant reversal from the 98.3 billion rupees sold in April. 
According to data from Wednesday, as of June 18, global funds have net purchased 73.5 billion rupees ($8.81 billion) in Indian government bonds this month. This is an increase from the 52 billion rupees bought in May and a significant reversal from the 98.3 billion rupees sold in April. -
UK Conservatives Hail Inflation Drop as Election Approaches
Inflation in the United Kingdom has returned to the Bank of England's target rate of 2% for the first time in nearly three years, a milestone seized upon by the governing Conservative Party as proof of their effective economic management ahead of the July 4 election. 
Inflation in the United Kingdom has returned to the Bank of England's target rate of 2% for the first time in nearly three years, a milestone seized upon by the governing Conservative Party as proof of their effective economic management ahead of the July 4 election. -
Warren Buffett Increases Stake in Occidental Petroleum to Nearly 29%
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, purchasing shares for nine consecutive trading sessions. This move has pushed the conglomerate's holding in the Houston-based oil and gas producer to nearly 29%, according to recent regulatory filings. 
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, purchasing shares for nine consecutive trading sessions. This move has pushed the conglomerate's holding in the Houston-based oil and gas producer to nearly 29%, according to recent regulatory filings. -
Oil Prices Rebound Amid Improved Market Sentiment and Federal Reserve Optimism
Oil prices have seen a notable recovery following a period of decline triggered by an OPEC+ announcement. The resurgence in prices is attributed to an improved market sentiment and potential optimistic signals from the U.S. Federal Reserve, which could further bolster oil prices. 
Oil prices have seen a notable recovery following a period of decline triggered by an OPEC+ announcement. The resurgence in prices is attributed to an improved market sentiment and potential optimistic signals from the U.S. Federal Reserve, which could further bolster oil prices. -
Paris Loses Stock Market Crown to London Amid Political Uncertainty
London has reclaimed its position as Europe's largest stock market, overtaking Paris as political uncertainty looms in France. According to Bloomberg, the total market value of stocks listed in the United Kingdom now stands at approximately $3.18 trillion, surpassing France's $3.13 trillion. This shift comes as fears over the outcome of France's upcoming parliamentary elections intensify. 
London has reclaimed its position as Europe's largest stock market, overtaking Paris as political uncertainty looms in France. According to Bloomberg, the total market value of stocks listed in the United Kingdom now stands at approximately $3.18 trillion, surpassing France's $3.13 trillion. This shift comes as fears over the outcome of France's upcoming parliamentary elections intensify. -
Retail Sales Growth Slows in May as Consumers Face Inflation and High Interest Rates
Retail sales in the United States increased at a slower-than-expected pace in May, reflecting the ongoing impact of high interest rates and inflation on consumer spending. According to the Commerce Department, retail sales rose by a modest 0.1% last month, falling short of economists' predictions of a 0.3% increase. This follows a revised 0.2% decline in April. 
Retail sales in the United States increased at a slower-than-expected pace in May, reflecting the ongoing impact of high interest rates and inflation on consumer spending. According to the Commerce Department, retail sales rose by a modest 0.1% last month, falling short of economists' predictions of a 0.3% increase. This follows a revised 0.2% decline in April. -
BOJ Chief Ueda Hints at Potential July Rate Hike Amid Economic Recovery
The Bank of Japan (BOJ) may raise interest rates next month, depending on the economic data available at that time, according to Governor Kazuo Ueda. This move underscores the central bank's commitment to gradually increasing borrowing costs from their current near-zero levels. 
The Bank of Japan (BOJ) may raise interest rates next month, depending on the economic data available at that time, according to Governor Kazuo Ueda. This move underscores the central bank's commitment to gradually increasing borrowing costs from their current near-zero levels. -
French Stocks Rebound as Le Pen Signals Willingness to Work with Macron
Marine Le Pen, leader of the far-right National Rally expected to gain a significant foothold in the upcoming French parliamentary elections, announced Monday that she would ensure cooperation with President Emmanuel Macron if her party succeeds. 
Marine Le Pen, leader of the far-right National Rally expected to gain a significant foothold in the upcoming French parliamentary elections, announced Monday that she would ensure cooperation with President Emmanuel Macron if her party succeeds. -
China’s Economic Recovery Stumbles Amid Weak Factory Output and Property Slump
China's recent economic data underscores a challenging recovery for the world's second-largest economy, revealing persistent weaknesses in industrial output and the property sector despite some policy support. 
China's recent economic data underscores a challenging recovery for the world's second-largest economy, revealing persistent weaknesses in industrial output and the property sector despite some policy support.
