Iranian crude sanctions, U.S.-China trade issues remain in focus
Oil futures posted a modest loss on Monday, finding some support from the threat of disruptions to supply from U.S. sanctions on Iranian oil, but also pressured by the potential for lower global demand on the heels of U.S.-China trade tensions.
Brexit hopes push sterling above $1.31, keep dollar low
The U.S. dollar weakened firmly on Monday, as financial markets worried about renewed escalation of a persistent trade spat between the U.S. and China.
The Qatar Stock Exchange continued to remain under the bearish spell for the second day on Monday, dropping more than 109 points, mainly dragged by banking and industrials equities.
Strong selling pressure from Gulf and domestic funds drove the 20-stock Qatar Index down 1.1% to 9,832.68 points.
NEW YORK — A Turkish startup is offering a movie a day in theaters for $30 a month.
It’s three times what MoviePass (HMNY[NSC] – $0.0155 Trade ) had charged for a similar plan. But that was financially unsustainable, as it typically had to pay theaters the full ticket price. MoviePass now offers just three movies for $10 a month and limits which titles can be watched on any given day.
Swiss collective pension investment foundations (IFs) – Anlagestiftungen or fondations d’investissement – will in future be allowed to hold more than 50% of their assets in equities given the low-interest rate environment, according to a new draft law.
Pension funds are also to be given more say in board decision-making at the foundations.
Summary
A Bull Market For The History Books
US equities performed a record bull run from the end of the great recession up until now. The broad-based S&P 500 index gained almost 340%. It is the longest bull run in US history. It did not unfold as a straight line and showed some twists and turns. The S&P 500 corrected on six occasions by a low double-digit figure since 2010. The subsequent rallies erased all corrections leading to today’s levels.
The US says it will cap the number of refugees allowed into the country next year at a near record low of 30,000.
It compares with a 45,000-refugee limit set by President Donald Trump for 2018 and 50,000 the year before.
Secretary of State Mike Pompeo announced “the new refugee ceiling”, adding the US would also process more than 280,000 asylum seekers in 2019.
PM’s offer reverses decades of hostility in official policy but analysts question motives
Imran Khan has pledged to grant citizenship to 1.5 million Afghan refugees who have lived on the margins of Pakistan’s society for decades.
Trapped between rising sea levels and development projects that are eating into the coastline of the southern Indian state of Tamil Nadu, fishing communities using cheap technology have taken matters into their own hands, reports Mahima A Jain.
More than 40 fishing villages around Chennai (formerly Madras) have created land use maps using open source software and affordable technology. A land use map helps identify which areas of land are used for which purpose.
The leaders of North and South Korea are meeting in the North Korean capital for talks centred on the stalled denuclearisation negotiations.
North Korea has embarked on an unprecedented series of meetings this year with both the South and the US.
Weekly Market Review – May 18, 2024
Deere Q2 Results Top Street but It Cuts 2024 Profit Outlook Again as Farmers Buy Fewer Tractors
Walmart’s Strong First Quarter Driven by Consumers Seeking Bargains With Inflation Still an Issue
US Applications for Jobless Benefits Come Back Down After Last Week’s 9-Month High
Asian Shares Advance After Another Round of Wall St Records
Provident Financial Services (NYSE:PFS) Sees Unusually-High Trading Volume
Olaplex (NASDAQ:OLPX) Stock Price Up 4.4%
Nuvei (NASDAQ:NVEI) Sees Strong Trading Volume
Altria Group (NYSE:MO) Shares Up 0.3%
Rain, Cooler Temperatures Help Prevent Wildfire Near Canada’s Oil Sands From Growing
