Oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher U.S. sanctions, according to traders who deal with the firm.
The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising Treasury yields, while the tech-heavy Nasdaq was weighed by a drop in Microsoft.
U.S. President Donald Trump on Wednesday promised that North and South Carolina would have strong federal support as they recovered from the devastation of deadly Hurricane Florence, whose floodwaters continue to threaten the region.
The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled the stock bull market.
Danske Bank's chief executive Thomas Borgen resigned on Wednesday after an investigation revealed payments totaling 200 billion euros ($234 billion) through its small Estonian branch, many of which the bank said were suspicious.
Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.
| STOCKS | BONDS | CURRENCIES | COMMODITIES |
|---|
|
| Name | Yield | Change |
|---|---|---|
| US 10YR |
+3.066
|
+0.018 |
| DE 10YR |
+0.488
|
+0.000 |
| JP 10YR |
+0.120
|
+0.000 |
| Name | USD | EUR | JPY |
|---|---|---|---|
| USD | 1 | 1.1671 | 0.0089 |
| EUR | 0.8565 | 1 | 0.0076 |
| JPY | 112.2300 | 131.0100 | 1 |
| Index | Last | Chg |
|---|---|---|
| Gold |
1,196.80
USD
|
+0.00
Exp: Sep 18
|
| Copper |
2.71
USD
|
-0.00
Exp: Sep 18
|
| Crude Oil |
71.19
USD
|
+1.34
Exp: Sep 18
|
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