Israel’s retaliatory strike roiled global markets, encouraging traders to dump risky assets and buy haven currencies, though the selloff weakened as the limited scope of the attack emerged.
Gilt yields declined following weaker-than-expected U.K. retail sales data, increasing prospects of a Bank of England interest-rate cut in the coming months.
Israel’s missile strikes against Iran overnight seem fairly limited, pointing to a de-escalation of conflict that is expected to diminish the oil market’s geopolitical risk premium in the short term, according to DNB Markets.
Most European travel stocks were lower, with some down more than 2%, after tensions in the Middle East resurfaced overnight, with Israel launching a retaliatory strike on Iran.
Gold futures edged up on Middle East tensions, but were off earlier highs, with Swissquote Bank saying the market will likely see a further flight to safe havens before the end of the day on fears of an escalation over the weekend.
The safe-haven dollar trimmed earlier gains with UniCredit saying the reaction of the FX market to rising tensions in the Middle East has been relatively limited up to now, which might prelude to further consolidation as the week comes to…
The confirmation from Schneider came after The Wall Street Journal reported the French company was in talks to take control of Bentley in a deal that could be worth more than $15 billion.
Total U.K. sales volumes were no higher in March than in February, a weaker reading than had been forecast, and limiting the boost to wider economic growth.
Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.
A U.S.-backed railway connecting Angola to the Democratic Republic of Congo is part of a pushback against China’s Belt and Road initiative in Africa. The $1.7 billion Lobito Corridor project aims to secure vital mineral supply chains.
Ten years after the kidnapped Chibok schoolgirls became a global phenomenon, most are back home—and Nigeria’s epidemic of abductions is only getting worse.
China is moving to make it more expensive for U.S. shipments of a key industrial chemical to enter the Chinese market, shortly after Washington called for higher tariffs on Chinese steel.
Israel has signaled it would retaliate against Iran’s drone and missile attack on its territory, a move that would threaten to push the countries deeper into an escalatory spiral that could lead to a regional war.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
Schneider Electric is in talks to take control of the engineering-software company Bentley Systems in a deal that could be valued at more than $15 billion.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
A congressional investigation found that Wall Street used billions of dollars of U.S. retirement savings and other investments to buy shares in index funds that included more than five dozen blacklisted Chinese companies.
TSMC is reshaping its business to respond to the artificial-intelligence boom, including doubling capacity for a type of chip technology in demand from companies like Nvidia.
The Biden administration is pushing for a long-shot diplomatic deal in the coming months that presses Prime Minister Netanyahu of Israel to accept a new commitment to Palestinian statehood in exchange for diplomatic recognition by Riyadh.
The U.S. ambassador to Russia visited Evan Gershkovich, the Wall Street Journal reporter being held in Moscow, as negotiations continue behind closed doors to secure his release.