The European Union is set to introduce more flexibility into its carbon market to address industry concerns over competitiveness. The plan includes new funding mechanisms and a revised emissions timeline, while still requiring investments in clean technologies.
Oil prices edged higher on Tuesday, with gains limited as traders weighed easing geopolitical tensions against increasing global supply and uncertain demand prospects. Both Brent and U.S. crude benchmarks saw modest increases as the market's attention shifted to fundamental supply and demand factors.
The United States' emergency crude oil stockpile has reached its lowest point in over four decades after a recent drawdown. The release is part of a government plan to address global supply shortages and reduce fuel prices.
BMO Capital Markets has initiated coverage on Royal Caribbean with an "Outperform" rating, citing the company's strong growth model and setting a price target that suggests a potential 30% return.
European markets saw significant losses on Wednesday after U.S. President Donald Trump announced the end of a ceasefire agreement with Iran. The news also caused a surge in global oil prices due to renewed geopolitical tensions.
Shares of Advanced Micro Devices (AMD) gained in morning trading, recovering from a previous session's decline as investors focused on positive analyst sentiment and a reassessment of a competitive threat.
NATO allies are meeting with foreign ministers from four Gulf Arab states in Ankara to discuss a proposed multinational maritime mission aimed at easing tensions in the Strait of Hormuz. The initiative, led by France and Britain, faces significant challenges, including Iran's opposition to the plan.
Kyiv's military has claimed responsibility for a series of drone attacks over two days targeting a dozen Russian tankers. The strikes are part of an intensified effort to disrupt fuel supplies to the occupied Crimean peninsula.
Cotton futures for December delivery experienced a significant surge on Tuesday, rising 3 cents to reach the maximum daily price movement allowed by the exchange. The contract closed at 81.3 cents per pound.
