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...Tehran sold an average of 1.56mn barrels a day during the first three months of the year, almost all of it to China and its highest level since the third quarter of 2018, according to data company Vortexa...
...“This portfolio is exactly what I would want DOE to do,” Dell said. “This is great. They are doing all the things.”...
...For example, in recent decades, a swing of just 1 million barrels can swing crude oil prices dramatically even in a market supplied by roughly 100 million barrels per day....
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...The increase in the PPI on an annual basis accelerated to 2.1 per cent in March from 1.6 per cent in February. This was the highest level since September, but below expectations for a 2.2 per cent rise....
...That beat economist expectations for 1.5mn units and the upwardly revised 1.4mn in January....
...The broader Hang Seng index gained 1.8 per cent. Shares in Great Wall Motor and Leapmotor dropped 6 per cent and 3.1 per cent, respectively....
...France’s CAC 40 slipped 1.4 per cent and Germany’s Dax dropped 1.6 per cent. Eurozone government bonds sold off....
...Citigroup lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn for her work, despite the bank’s profits falling almost 40 per cent amid a reorganisation....
...Russia’s economy grew 3.6 per cent in 2023, according to the first official estimate published by the Russian statistics office Rosstat on Wednesday....
...The UK’s blue-chip index climbed 1.1 per cent in early trading. The region-wide Stoxx Europe 600 rose 0.5 per cent, as did France’s Cac 40, while Germany’s Dax added 0.6 per cent....
...Liontrust: Shares in the UK-based fund manager climbed 3.6 per cent after its fourth-quarter outflows narrowed to £1.2bn from £1.7bn in the previous three-month period and down from £2bn in the same quarter...
...The average house price fell 1 per cent month on month in March, down to £288,430 from February, when UK house prices hit a 16-month high of £291,338....
...Britain’s blue-chip index rose 1.6 per cent to finish at 8,023.87 — eclipsing the previous closing high of 8,014.31 it hit in February 2023....
...Gold, a haven during times of geopolitical uncertainty, rose as much as 1.6 per cent to $2,417.89 per troy ounce....
...Despite the hack, UnitedHealth’s adjusted earnings per share came in at $6.91, ahead of analysts’ expectations of $6.62....
...The resulting stand-off means that on April 1 a post-Brexit trade arrangement with Canada will expire, leaving some British car exports facing a 6.1 per cent tariff if they contain significant EU content...
...Overall exports for March totalled ¥9.5tn ($61.4bn), while those to China rose 12.6 per cent to ¥1.7tn and US exports climbed 8.5 per cent to ¥1.8tn....
...Public sector spending after the election will rise 1 per cent in real terms, Jeremy Hunt has announced....
...The UK’s blue-chip index was down 1.9 per cent by mid-afternoon on Tuesday, exceeding the 1.6 per cent declines of its peers in France and Germany. The mid-cap FTSE 250 fell 1.7 per cent....
...Analysts had expected a decline to 4.1 per cent. Services inflation, which is closely watched by policymakers, dipped from 6.1 per cent to 6 per cent....
...The region-wide Stoxx Europe 600 was down 1.3 per cent shortly after the opening bell, as was London’s FTSE 100. Germany’s Dax fell 1.4 per cent and France’s Cac 40 dropped 1.6 per cent....
...Fresh food prices in the euro area rose 2.2 per cent in February, the slowest rate since 2021, while industrial goods prices increased 1.6 per cent, almost a three-year low....
...The Korean won weakened against the dollar, falling 0.6 per cent to Won1,382.40. The Australian dollar dropped 0.4 per cent to A$0.64....
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