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Oil prices hit a new five – month high on Tuesday as the Libyan conflict threatened to worsen, as equities drifted closer to the earnings season, and the pound sterling came down. enjoyed before a key summit of Brexit.
Brent crude reached its highest level since November, reaching $ 71.34 a barrel, as fighting in Libya intensified, opening the prospect of further tightening of supply. The international oil benchmark has now reached its highest level in five months, after being stimulated in recent weeks by OPEC supply cuts, sanctions against Venezuela and Iran, and plans to strengthen oil supplies. global demand.
Equities remained at their highest levels for several months, with the Stoxx 600 in Europe slipping 0.1%. The Frankfurt Xetra Dax 30 lost 0.3%, while the London FTSE 100 fell 0.3%. Airbus shares lost just over 2 percent after the news that the United States was considering imposing tariffs on civil aircraft as part of a series of measures worth $ 11 billion dollars for EU products.
US stock index futures signaled increased sluggishness and an initial slippage of 0.1% after rising marginally overnight, with banks poised to release their first quarter results later this year. week.
China's CSI 300 remained stable, with Hong Kong's Hang Seng Index up 0.3%.
The British pound was trading around the 1.3075 USD level, up 0.1% on that day, as traders turned to Wednesday's Brexit emergency summit, where the leaders of EU will reflect on the British request to delay by three months.
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- ECB survey on loans for the first quarter
- Weekly data on US crude stocks
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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