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Aluminium prices pinned at four-year low

Apr 2, 2020

Aluminium fell for a fourth straight session as China factory activity showed minimal growth in March, adding to concerns about falling metals demand and a ballooning supply glut as the coronavirus outbreak spreads further.Benchmark aluminium on the London Metal...

Crude prices post biggest one-day gains

Apr 2, 2020

Crude prices posted their biggest-one day gains on record after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the...

Wall Street gains on oil price recovery

Apr 2, 2020

Wall Street has bounced as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past six million.Initial claims for unemployment benefits last week exceeded the top end of analysts' estimates at 5.25 million, and US President Donald Trump has...

Saudi-Russia row ‘delays’ OPEC+ meeting

OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources say, as a row between Moscow officials and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from US...

Wall Street dips as record job growth ends

Wall Street has dipped as the novel coronavirus abruptly ended the longest spell of US employment growth on record, but declines were limited by a surprise expansion in the US services sector.The Labor Department's report said a recession was under way as business...

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