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But robust demand is outpacing supply, stoking inflation, with several recent readings of inflation gauges - including the producer price index released on Tuesday - signaling rising price pressures. “The U.S. dollar kept firm as another hot reading on inflation overshadowed a chilly consumer,” said Joe Manimbo, senior market analyst, at Western Union Business Solutions in Washington. The Fed’s two-day meeting was set to end on Wednesday and it is due to issue a policy statement afterward. Recent economic data has raised concerns that price pressure could force an earlier stimulus withdrawal. Musk on Sunday flagged that the carmaker could resume transactions using the token if miners can use cleaner energy to process them.
Persons: , Joe Manimbo, Jerome Powell, bitcoin, MicroStrategy, Elon Musk Organizations: Traders, U.S, U.S . Federal, Western Union Business Solutions, BofA Global Research Locations: U.S ., Washington
"At this moment the market is still vulnerable to the new rhetoric and policies that are coming from the (potential) new left-wing president," said BCA's chief emerging market strategist Arthur Budaghyan. "But still there is a very powerful congress in Peru," he said, highlighting that the last two Peruvian presidents had been impeached. Peru local currency debt was the worst performer on Monday, with yields rising an average 15 basis points on the day, according to JPMorgan's GBI-EM index. Meanwhile the dollar touched a one-month high on the eve of the U.S. Federal Reserve's policy decision, weighing on most emerging market currencies. Brazil's real rose 0.6% ahead of a widely expected 75 basis-point interest rate hike by the central bank on Wednesday.
Persons: Sol, Susan Mathew, Ambar Warrick, Pedro Castillo, Arthur Budaghyan, JPMorgan's, Marc Jones, Sujata Rao, Jan Harvey, Sonya Hepinstall Organizations: U.S, Mexico IPC, Argentina Locations: c.bank, Peru, China, COVID, Chile, U.S . Federal, Suriname, Brazil, Mexico, Argentina, Colombia, Bengaluru, London
Big Tech critic Khan becomes U.S. FTC chair
  + stars: | 2021-06-15 | by ( David Shepardson | Nandita Bose | Diane Bartz | ) www.reuters.com + 0.00   time to read: +3 min
Graeme Jennings/Pool via REUTERSHours earlier, the U.S. Senate had confirmed Khan, with bipartisan support. The Information Technology and Innovation Foundation (ITIF), whose board includes representatives from tech companies, issued a statement warning that a “populist approach to antitrust” would “cause lasting self-inflicted damage that benefits foreign, less meritorious rivals.”The federal government and groups of states are pursuing various lawsuits and investigations into Big Tech companies. The FTC has sued Facebook and is investigating Amazon. Biden previously selected fellow progressive and Big Tech critic Tim Wu to join the National Economic Council. Khan previously worked at the FTC as a legal adviser to Commissioner Rohit Chopra, Biden’s pick to be director of the Consumer Financial Protection Bureau.
Persons: Lina Khan, Lina M, Kahn, Graeme Jennings, Khan, , Biden, Elizabeth Warren, , ” Warren, Tim Wu, Rohit Chopra Organizations: WASHINGTON, U.S . Federal Trade Commission, REUTERS, U.S . Senate, Columbia Law School, Amazon.com Inc, Apple Inc, Facebook Inc, Google, Inc, Public Citizen, Information Technology, Innovation Foundation, Big Tech, FTC, Facebook, Amazon, The, Apple, National Economic Council, Yale Law, Consumer Financial, Bureau
PRECIOUS-Fed taper talk fears keep gold locked in tight range
  + stars: | 2021-06-15 | by ( Nakul Iyer | ) www.reuters.com + 0.00   time to read: +2 min
Spot gold edged 0.1% lower to $1,864.86 per ounce by 10:00 a.m EDT (1400 GMT), while U.S. gold futures rose 0.2% to $1,868.70. Any hint of tapering discussions or presence of hawks in the meeting could deal a blow to gold prices, potentially dragging them below the $1,855 level, Lukman Otunuga, analyst at FXTM, said in a note. On the physical front, consultants Metals Focus said decreased buying of bullion by exchange traded funds could limit gold demand this year. Meanwhile, data showed U.S. retail sales falling more than expected in May, while producer prices rose more than expected. Elsewhere, silver shed 0.7% to $27.63 per ounce, platinum fell 1.5% to $1,147.65, while palladium rose 0.3% to $2,759.45.
Persons: , Bob Haberkorn, Otunuga, RJO’s Haberkorn, Nakul Iyer, Steve Orlofsky Organizations: Fed, Metals, U.S . Federal, Metals Focus Locations: pare, Bengaluru
PRECIOUS-Gold falls on bets U.S. Fed may outline taper plan
  + stars: | 2021-06-15 | by ( Nakul Iyer | ) www.reuters.com sentiment -1.00   time to read: +2 min
Spot gold fell 0.6% to $1,854.24 per ounce by 12:30 pm EDT (1630 GMT), while U.S. gold futures were down 0.5% at $1,856.40. Meir said while gold could face a “short-lived” setback if the Fed begins tapering by end-2021 or even hints at it on Wednesday, bullion will likely be bought “on the dips” on concerns over rising inflation. On the physical front, consultants Metals Focus said decreased buying of bullion by exchange traded funds could limit gold demand this year. Meanwhile, data showed U.S. retail sales fell more than expected in May, while producer prices rose more than expected. Elsewhere, silver slipped 1.3% to $27.47 per ounce, platinum fell 1.6% to $1,146.53 , while palladium rose 0.4% to $2,760.68.
Persons: , Edward Meir said, Meir, Bob Haberkorn, Nakul Iyer, Steve Orlofsky, Jane Merriman Organizations: Metals, U.S . Federal, F Man Capital, Fed, Metals Focus, RJO Futures Locations: pare, Bengaluru
CANADA STOCKS-TSX hits record high on energy boost
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
* The energy sector climbed 1% tracking crude prices, which were buoyed by expectations that demand will recover rapidly in the second half of 2021. ET (1338 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 77.55 points, or 0.38%, at 20,235.2, an all-time high. * On the TSX, 163 issues were higher, while 61 issues declined for a 2.67-to-1 ratio favoring gainers, with 17.47 million shares traded. * The largest percentage gainer on the TSX was BRP Inc , which jumped 4.6%, after the insurance distribution company issued a $350 million worth substantial issuer bid. * Across all Canadian issues there were 102 new 52-week highs and five new lows, with total volume of 32.21 million shares.
Organizations: Energy, U.S, U.S . Federal, Toronto Stock, Statistics Canada, TSX, BRP Inc, Aritzia Inc, Quantum Minerals, Hudbay Minerals Inc, Natural Resources, Inc, Auxly Cannabis Locations: U.S ., Canada
CANADA STOCKS-TSX opens higher on energy boost
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
June 15 (Reuters) - Canada’s main stock index opened higher on Tuesday, as energy stocks gained tracking crude prices, as investors eyed the U.S. Federal Reserve’s meeting this week for cues on the tapering of its monetary policy. * At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 45.11 points, or 0.22%, at 20,202.76.
Organizations: U.S, U.S . Federal, Toronto Stock Locations: U.S .
UPDATE 1-Sterling slips to one-month low versus dollar
  + stars: | 2021-06-15 | by ( Elizabeth Howcroft | ) www.reuters.com + 0.00   time to read: +2 min
Currency markets were generally quiet ahead of the U.S. Federal Reserve meeting, which ends on Wednesday. By 1155 GMT, it was down 0.4% at $1.4044, having touched $1.4035, its lowest in one month. “Sterling’s bearish bias has been in place over the past week or so as it toyed with breaking below 1.41 against the dollar,” he said. Sterling rallied at the start of the year, boosted by the UK being initially ahead of its peers in rolling out COVID-19 vaccines. Juckes also said he was bullish on the pound versus the dollar, but that it would take substantial news to push the pair significantly higher.
Persons: Sterling, Simon Harvey, , “ We’ve, , Kit Juckes, Juckes, payrolls, Elizabeth Howcroft, Mark Heinrich Organizations: LONDON, U.S . Federal Reserve, Monex, , Societe Generale Locations: Britain, COVID, Monex Europe
UPDATE 2-Sterling slips to one-month low versus dollar
  + stars: | 2021-06-15 | by ( Elizabeth Howcroft | ) www.reuters.com + 0.00   time to read: +2 min
Currency markets were generally quiet before the U.S. Federal Reserve meeting, which ends on Wednesday. But the pound slid gradually during the morning session, reaching as low as $1.4035 at 1149 GMT - its lowest in one month. “Sterling’s bearish bias has been in place over the past week or so as it toyed with breaking below 1.41 against the dollar,” he said. Sterling rallied at the start of the year, boosted by Britain’s early start to its COVID-19 vaccine roll-out. Juckes also said he was bullish on the pound versus the dollar, but that it would take substantial news to push the pair significantly higher.
Persons: Sterling, Simon Harvey, , Britain’s, “ We’ve, , Kit Juckes, Juckes, payrolls, Elizabeth Howcroft, Mark Heinrich, Timothy Heritage Organizations: LONDON, U.S . Federal Reserve, Monex, , Societe Generale Locations: Britain, COVID, Monex Europe
Wall Street retrenches and awaits Fed while oil surges
  + stars: | 2021-06-15 | by ( Pete Schroeder | ) www.reuters.com + 0.00   time to read: +3 min
Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. U.S. Treasuries held steady, as did the U.S. dollar, with little activity ahead of the Fed policy statement. The continued relaxation of pandemic restrictions helped drive oil prices higher on growing demand as vaccinated people begin to travel more freely. read moreThe MSCI world equity index (.MIWD00000PUS), which tracks shares in 45 nations, fell 0.85 points or 0.12%. Spot gold prices fell $7.7966, or 0.42%, to $1,858.20 an ounce, while U.S. gold futures were down 0.31% at $1,860.30.
Persons: Treasuries, Mike Loewengart, Brent, Thyagaraju Adinarayan, Alun John, Kim Coghill, Alex Richardson Organizations: Treasury, U.S . Federal Reserve, ., Investors, Trade, Dow Jones, Nasdaq, Thomson Locations: HONG KONG, ., London, Hong Kong
June 15 (Reuters) - Chinese blue-chip shares, reopening after a holiday, posted their biggest one-day drop in a month on Tuesday following fierce G7 criticism of Beijing, while broader emerging market equities looked set to snap a three-day streak of gains. Geopolitics weighed too on Turkish assets, with the lira losing 1% after an Ankara-Washington meeting failed to yield breakthroughs. Analysts said emerging market currencies were generally jittery before the U.S. Federal Reserve’s two-day meeting. Strained ties with Washington have also weighed on Turkish markets, with Ankara’s planned purchase of NATO-incompatible Russian S-400 defence systems a particular sticking point. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: , Jakob Christensen, Donald Trump’s, Ankara’s, Tayyip Erdogan’s, Joe Biden, Christensen, Biden, Vladimir Putin Organizations: U.S, U.S . Federal, MSCI’s, Fed, Danske Bank, The, Washington, NATO, U.S ., CENTRAL Locations: Beijing, Ankara, Washington, U.S ., MSCI’s Asia, China, Hong Kong, Copenhagen, Russia, Turkey, riskier
Currency markets were generally quiet ahead of the U.S. Federal Reserve meeting, which ends on Wednesday. This is bound to be a point of discussion at next week’s Bank of England meeting,” wrote Marshall Gittler, head of investment research at BDSwiss, in a note to clients. REOPENING DELAYThe pound was unaffected by news that the UK is set to delay its reopening from COVID-19 lockdown restrictions by one month due to the rapid spread of the more infectious Delta variant. Most restrictions were due to lift on June 21, but this much-anticipated step was pushed back to July 19. Sterling was also unaffected by news on Tuesday that the UK said it had agreed a trade deal with Australia.
Persons: payrolls, , , Marshall Gittler, Lee Hardman, , Sterling, Elizabeth Howcroft, Giles Elgood Organizations: ., U.S . Federal Reserve, week’s Bank of England, of, ING, Australia Locations: London, BDSwiss, of England’s, COVID
(Reuters) -European shares rose for an eighth straight session as optimism around a speedy economic recovery across the region lifted industrial stocks, while technology shares tracked an overnight jump in their U.S. peers. REUTERS/Staff/File photoThe pan-European STOXX 600 was up 0.4% in its longest winning streak in more than two years as investors also bet on global central banks keeping the stimulus taps open. On Tuesday, government bond yields in the bloc traded in narrow ranges, with investors awaiting the first bond issuance backing the EU recovery fund. European industrial stocks, which are poised to benefit from an economic rebound, were up 0.9%, while technology shares rose about 1% after the tech-heavy Nasdaq ended Monday at a record high. London’s FTSE 100 gained 0.4% as the UK posted a record jump in the number of employees on company payrolls in May as COVID-19 restrictions eased.
Persons: , Charalambos Pissouros, Germany’s DAX, Sweden’s, Bellway Organizations: Reuters, REUTERS, Staff, U.S, U.S . Federal, JFD, European Central Bank, Nasdaq, payrolls, Standard Finance Locations: Frankfurt, Germany, U.S .
(Reuters) -European shares rose for an eighth straight session on Tuesday, driven by optimism over an economic recovery this year, but gains were limited as investors hunkered down ahead of the Federal Reserve’s two-day policy meeting. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 14, 2021. Dovish signals from the European Central Bank on tightening policy have brightened the near-term outlook for risk-driven assets in the continent, along with continued hopes that a steady vaccination program will drive an economic recovery this year. Focus this week will be on the U.S. Federal Reserve’s two-day policy meeting starting Tuesday, where investors will be looking for insight on whether the central bank has begun discussing tapering bond purchases and if policymakers are concerned about rising inflation. Germany’s DAX ended just below all-time highs as data showed consumer prices rose 0.5% month-on-month in May, in line with economists’ expectations.
Persons: , Charalambos Pissouros, Germany’s DAX, Boris Johnson, Sweden’s Organizations: Reuters, Federal, REUTERS, Staff, European Central Bank, U.S, U.S . Federal, JFD, UK, payrolls Locations: Frankfurt, Germany, U.S ., United States, Polish
(Reuters) - London’s FTSE 100 equity index ended higher on Tuesday, lifted by gains in consumer staples and energy stocks, although a delay in lifting remaining COVID-19 restrictions in England curbed sentiment across the overall market. Dollar-earning consumer staples stocks, including Unilever, Reckitt Benckiser Group, British American Tobacco and Diageo Plc gained between 0.58% and 1.77%, on the weaker pound. Energy stocks gained 0.32% as oil majors including BP and Royal Dutch Shell gained 0.7% and 1.8% respectively, tracking crude prices. Prime Minister Boris Johnson pushed back plans to lift most remaining COVID-19 restrictions to July 19, citing the rapid spread of the more infectious Delta variant. There was good news however on the jobs front, as the number of employees on British company payrolls surged by a record 197,000 in May as COVID-19 restrictions eased, tax data showed.
Persons: Peter Nicholls, Boris Johnson, payrolls, , Russ Mould, AJ Bell Organizations: Reuters, London Stock Exchange, REUTERS, Unilever, Reckitt, British American Tobacco, Diageo, Energy, BP, Royal Dutch Shell, Entertainment, Entain Plc, U.S . Federal, Federal Reserve, Boohoo, Finance Locations: England, London, Britain
Japanese shares track Nasdaq higher, drug makers shine
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.94   time to read: +2 min
TOKYO, June 15 (Reuters) - Japanese shares closed higher on Tuesday, buoyed by technology and growth-oriented stocks following a strong finish on the Nasdaq overnight, while drug makers extended their gains. “Today’s strong market finish is simply a reaction to the gains in the Nasdaq overnight,” said Jun Morita, general manager of the research department at Chibagin Asset Management. Eisai shares have been volatile since the company’s Alzheimer’s drug, developed in partnership with Biogen Inc , got a nod from U.S. regulators last week. The U.S. Food and Drug Administration is facing mounting criticism over the drug approval. Growth stocks led the gains after Nasdaq shares outperformed on Wall Street, with the Topix Growth Index rising 1.09%, compared with 0.53% gains in value shares.
Persons: , , Jun Morita, Eisai, Takeda, Junko Fujita, Hideyuki Sano, Shailesh Kuber, Subhranshu Sahu Organizations: Nasdaq, Nikkei, U.S, U.S . Federal, Chibagin Asset Management, “ Investors, , Tokyo Stock, Eisai, Biogen Inc, U.S . Food, Drug Administration, Takeda Pharmaceutical, Toyota Motor Locations: TOKYO, U.S ., U.S, Japan, Tokyo
S.Korean stocks end higher at record close, Fed meeting in focus
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
The won was flat, while the benchmark bond yield fell. ** The KOSPI closed up 6.50 points, or 0.20%, at 3,258.63, extending the winning streak to a fourth straight session. ** The won ended at 1,117.0 per dollar on the onshore settlement platform, nearly unchanged from its previous close of 1,116.7. ** In money and debt markets, June futures on three-year treasury bonds fell 0.08 points to 110.80. ** The most liquid 3-year Korean treasury bond yield rose by 1.7 basis points to 1.304%, while the benchmark 10-year yield fell by 2.8 basis points to 2.068%.
Persons: , , Na Jeong, 1,117.0100, Joori Roh, Jihoon Lee, Shailesh Kuber Organizations: U.S, U.S . Federal, Samsung Electronics, SK Hynix, LG, Federal, Market, Cape Investment & Securities Locations: Korea, SEOUL, Korean, U.S .
Most other emerging Asian currencies traded flat to slightly lower as the U.S. dollar held steady and Treasury yields recovered from three-month lows ahead of a much anticipated Federal Reserve meeting. The Monetary Authority of Singapore on Monday released a survey which forecast the country's 2021 gross domestic product to expand more than expected. In the Philippines, the peso fell 0.4% to a more than two-week low and was set for its worst day since Feb. 25 after President Rodrigo Duterte extended restrictions on Monday. The U.S. central bank could shed more light on its next policy steps, including when it will begin tapering its bond buying programme and tighten ultra-easy monetary settings. The Indonesian rupiah lost 0.3% as it continued to hand back some recent gains before a Bank Indonesia (BI) meeting on Thursday.
Persons: Shashwat Awasthi, Rodrigo Duterte, Nicholas Mapa, Mapa, Shashwat, Simon Cameron, Moore Organizations: U.S ., Monetary Authority of Singapore, Monday, ING, U.S, U.S . Federal, Bank Indonesia, Singapore STI, Singapore Exchange, Thai Beverage, Trust, FX Locations: Singapore, Philippine, Philippines, U.S ., U.S, Manila, Indonesia's, Asia, Japan, China, India, Indonesia, Malaysia, Taiwan, Thailand, Bengaluru
Indian shares hit record highs as Asian peers gain; Fed meeting eyed
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 28, 2020. Broader Asian markets tracked overnight gains on Wall Street, with investors looking to a much-anticipated Federal Reserve policy meeting to see if the central bank would signal any change to the U.S. monetary policy outlook. Many investors expect the Fed to maintain its dovish stance at its two-day meeting from Tuesday. In Mumbai trading, Reliance Industries Ltd and HDFC Ltd were the top performers on the Nifty 50, adding 0.6% and 0.5%, respectively. Shares of Reliance have gained in the last five consecutive trading sessions.
Persons: Hemanshi Organizations: Bombay Stock Exchange, REUTERS, U.S, BSE, Reliance Industries Ltd, HDFC, Reliance Locations: Mumbai, India, BENGALURU, U.S . Federal
Indian shares close at record highs as pandemic curbs ease, cases fall
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
BENGALURU (Reuters) - Indian shares ended at record highs on Tuesday, as declining COVID-19 infections prompted many states to re-open businesses, with a rally in broader markets also helping the sentiment. FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 28, 2020. REUTERS/Hemanshi Kamani/File photoThe blue-chip NSE Nifty 50 index rose 0.36% to 15,869.25 and the benchmark S&P BSE Sensex climbed 0.42% to 52,773.05 at close. The Nifty Bank Index and the Nifty Private Bank Index, which have so far gained more than 0.55% this week, were among the top performers across sub-indexes rising between 0.85% and 1.07%. Software services firm Infosys Ltd rose 0.8%, lifting the Nifty IT index by 0.23%.
Persons: Hemanshi Organizations: Bombay Stock Exchange, REUTERS, BSE, U.S . Federal Reserve, ICICI Bank Ltd, HDFC Bank, Bank, Software, Infosys, Retail Locations: BENGALURU, Mumbai, India, New Delhi
The peso slid as much as 0.4% to a more than two-week low and was on track for its worst day since April 7. Stocks in Manila, which have rallied more than 4% so far this month, gave up 0.2%. The Philippines has the second highest number of infections and casualties in Southeast Asia after Indonesia and finds its healthcare sector stretched as it battles rising cases. The U.S. dollar held steady on Tuesday and U.S. Treasury yields recovered from three-month lows, leading most emerging Asian currencies to trade roughly flat to slightly lower. Among regional stock markets, Singapore's FTSE Strait Times Index stood out with a 0.8% gain.
Persons: Shashwat Awasthi, Rodrigo Duterte, Nicholas Mapa, Shashwat, Simon Cameron, Moore Organizations: ING, U.S, U.S . Federal, Treasury, Bank, FTSE, Times, Monetary Authority of Singapore, Monday, Singapore STI, Singapore Exchange, DBS Group, Trust, FX Locations: Singapore, Philippine, Manila, Stocks, Philippines, Southeast Asia, Indonesia, U.S ., U.S, Bank Indonesia, Asia, Japan, China, India, Malaysia, Taiwan, Thailand, Bengaluru
PRECIOUS-Gold prices ease as U.S. dollar firms ahead of Fed meeting
  + stars: | 2021-06-15 | by ( Brijesh Patel | ) www.reuters.com sentiment -1.00   time to read: +2 min
Spot gold was down 0.1% at $1,864.82 per ounce, as of 0442 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday. “The strengthening U.S. dollar is weighing on gold prices. Also on the radar, U.S. monthly retail sales data due later in the day. Recent data showing a spike in U.S. consumer prices has benefited gold as it is seen as a hedge against inflation. Silver dropped 0.6% to $27.66 per ounce, palladium was steady at $2,748.35, while platinum slipped 0.4% to $1,159.94.
Persons: , Margaret Yang, Avtar Sandu, Phillip Futures, Wang Tao, Silver Organizations: U.S . Federal, Phillip Locations: .
PRECIOUS-Gold steadies on dollar retreat; focus on Fed meeting
  + stars: | 2021-06-15 | by ( Brijesh Patel | ) www.reuters.com sentiment -0.99   time to read: +2 min
“Technically, gold has broken down a key support level and it seems to be entering into a bearish trend,” she added. Also on the radar, U.S. monthly retail sales data due later in the day. Recent data showing a spike in U.S. consumer prices has benefited gold as it is seen as a hedge against inflation. Spot gold may retest a support at $1,842 per ounce, a break below could cause a fall to $1,825, according to Reuters technical analyst Wang Tao. Elsewhere, silver dropped 0.5% to $27.71 per ounce, palladium rose 0.2% to $2,756.68, while platinum slipped 0.3% to $1,161.
Persons: , Margaret Yang, Avtar Sandu, Phillip Futures, Wang Tao Organizations: U.S . Federal, Investors, Phillip Locations: .
Oil rises as threat recedes of Iran supply resuming soon
  + stars: | 2021-06-15 | by ( Aaron Sheldrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. Brent crude was up by 17 cents, or 0.2%, at $73.03 a barrel by 0347 GMT, having risen 0.2% on Monday. U.S. oil gained 15 cents, or 0.2%, to $71.03 a barrel, having slipped 3 cents in the previous session. It is "looking increasingly unlikely that we will see the U.S. rejoin the Iranian nuclear deal before the Iranian presidential elections later this week," ING Economics said in a note. "Daily technical indicators are currently pointing to crude oil in overbought territory and a pullback may be due," said Avtar Sandu, senior manager commodities at Phillip Futures.
Persons: Vasily Fedosenko, Brent, Avtar Sandu Organizations: Irkutsk Oil Company, REUTERS, European Union, ING, Organization of Petroleum Exporting, Phillip Futures, Investors, U.S . Federal Reserve, Thomson Locations: Irkutsk Region, Russia, Iran, United States, Tehran, . U.S, Vienna, U.S, OPEC
S.Korean stocks inch higher ahead of Fed meeting
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
The won weakened, while the benchmark bond yield rose. ** The benchmark KOSPI rose 4.24 points, or 0.13%, to 3,256.37 by 0137 GMT, following a record close on Monday. ** The won was quoted at 1,117.1 per dollar on the onshore settlement platform , down 0.04%. ** In offshore trading, the won was quoted at 1,117.5, while in non-deliverable forward trading, its one-month contract was quoted at 1,117.1. ** The most liquid 3-year Korean treasury bond yield rose by 1.5 basis points to 1.302%, while the benchmark 10-year yield rose by 0.2 basis point to 2.098%.
Persons: Jae, 1,117.4700, Joori Roh, Jihoon Lee Organizations: U.S, Samsung Electronics, SK Hynix, LG, Federal, Market, Eugene Investment, Securities Locations: Korea, SEOUL, Korean, U.S . Federal
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