LONDON Oil rose toward $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in U.S. inventories.
LONDON Easing concerns over several major global risks helped stock markets rise robustly for a second day on Wednesday, underpinned by gains in oil and metals prices and data showing the U.S. economy can deal with a hike in interest rates.
LONDON/DUBAI OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.
ATHENS While Greece's government trumpeted a debt relief deal with other euro zone countries on Wednesday as the beginning of the end of its bruising six-year financial crisis, many Greeks remained unconvinced.
Wall Street looked set to open higher on Wednesday, extending gains from Tuesday, as oil prices rose and investors got more comfortable with the prospect of an interest rate hike as early as this summer.
The European Central Bank is not likely to ease monetary policy again this year, according to a slight majority of economists in a Reuters poll, and a strong majority say it should not consider "helicopter money" as a future stimulus measure.
LONDON, May 25 European shares climbed to a new four-week high on Wednesday, with Novo Nordisk leading the market higher after a U.S. advisory panel recommended approval of its new diabetes drug, while higher copper prices lifted miners.
* Computer Sciences jumps after Hewlett Packard Enterprise deal
* M&S slumps after short-term profit warning (ADVISORY - Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)
TOKYO, May 25 Japanese stocks rose to a near one-month high on Wednesday as exporters received a boost from a stronger dollar following firm U.S. housing data, while Sony Corp soared after releasing earnings.
May 25 - Hong Kong stocks jumped more than 2 percent on Wednesday in their best day in six weeks, inspired by solid overnight gains in U.S. and European markets.