Commodities
London close: FTSE rises as mining, oil majors gain; Brexit negotiations underway
London stocks pressed ahead to a positive close as the UK began formal divorce talks with the European Union, and as the shares of multi-commodity miners and oil majors decided overall direction.
Oilex announces receipt of cash calls worth $1.41m gross
Oilex, the oil and gas exploration and production company announced Monday "material progress" having received outstanding cash calls of approximately $1. 41m gross owed to the Cambay and Bhandut production sharing contracts (PSCs).
Commodities: Crude lukewarm after after US rig-count rise initially hurts prices
Crude-oil futures are managing lukewarm gains on Monday afternoon, having bounced off earlier softness induced by the latest Baker Hughes rig-count data.
Fed's Dudley not paying much attention to signals from bond market, reports say
Stay the course, the head of the Federal Reserve bank of New York said at the start of the week.
Citi cuts iron ore price forecasts
Analysts at Citi lowered their forecasts for the price of iron ore over the next twelve months, telling clients that lower prices were needed in order for the market to re-balance and in anticipation of waning Chinese growth.
Momentum in euro area construction increasing, economists say
Construction output in the euro area edged higher in April despite weakness in civil engineering.
Japanese seasonally adjusted trade surplus slips in May
Japanese exports and imports failed to rebound in May, suggesting that foreign demand acted as a drag on the broader economy during the second quarter, but some economists were nevertheless optimistic.
France's Macron wins comfortable majority, but abstention at record-high
French president Emmanuele Macron's upstart centrist movement and his allies won a comfortable majority in legislative elections at the weekend, albeit amid a record low turnout, a stark reminder that a large minority of French are opposed to his plans.