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Oil prices ease and European bonds recover ahead of Fed, ECB and BOJ decisions, while EUR/USD consolidates near 1.12 amid lingering inflation risks.
Natural gas producer EQT will acquire Range Resources in a deal valuing the combined company at over $50 billion.
Oil prices declined in Asian trade on likely technical correction after Brent futures ended last week at the highest level since April this year.
BEIJING, Oct 26 (Reuters) - Oil prices lost nearly $1 on Monday after the market opened, falling back from their highest in nearly six months. U.S. crude futures were down 99 cents, or 0.
Seaport Research Partners Chief Equity Strategist Jonathan Golub tells Bloomberg This Weekend that stocks are not in an AI bubble, arguing that strong earnings and lower valuations show investors remain skeptical even as AI drives much of the market. Speaking with hosts David Gura and Christina Ruffini, Golub says a prolonged Middle East conflict could keep oil and inflation elevated, eventually forcing the Federal Reserve to respond as strains emerge in credit markets.
U.S. stocks declined as Wall Street continued its move toward less risky investments and as oil prices climbed to their highest level in five months.
A resurgence in oil prices dragged down stocks and bonds, stoking concerns about inflation just days ahead of the Federal Reserve decision on interest rates. Brent crude topped $116 as a flare-up in Middle East violence threatened global supplies.
Once a major natural gas exporter, Qatar's shipments have collapsed since Iran attacked its production facility Ras Laffan in March. QatarEnergy struck a deal with U.S. exporter Cheniere Energy to purchase 4 million metric tons of liquefied natural gas (LNG) annually through 2054.