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Global Markets

Oil nudges $50 a barrel as investors bet on shrinking overhang


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.

Global stocks climb as Brexit, Grexit risks ease

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.

10:26am BST

Iran-Saudi row threatens any OPEC deal, puts role in question

LONDON/DUBAI OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.

11:35am BST

After six years' austerity, Greeks feel no joy from new debt deal

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.

12:42pm BST

Wall Street looks set to extend rally as oil rises

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.

2:05pm BST

ECB should not consider 'helicopter money': economists

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.

1:50pm BST
World Markets

European shares hit new 4-week high, Novo Nordisk leads

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.

US STOCKS-Wall St looks set to extend rally as oil rises

* Computer Sciences jumps after Hewlett Packard Enterprise deal

European shares hit 4-week high, boosted by banks and oil

* 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)

Nikkei hits near 1-month high on weaker yen; Sony soars on outlook

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.

Hong Kong shares post best gain in 6 weeks but sustainability in doubt

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.

9:08am BST
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FTSE 100 6,259.71 + 40.45 +0.65%
DAX 10,201.65 + 144.34 +1.44%
CAC 40 4,480.58 + 49.06 +1.11%
TR Europe 147.95 + 1.35 +0.92%
GBP/USD 1.4695 +0.42%
GBP/EUR 1.3182 +0.40%
EUR/USD 1.1141 +0.02%
Gold 1,228.60 -22.20 -1.77%
Oil 49.25 +0.63 +1.30%
Corn 399.50 +2.00 +0.50%