China said on Thursday that U.S. and European assertions of excess capacity were “naked trade protectionism” and that efforts to constrain new energy exports from the World’s No.2 economy would frustrate global efforts to tackle climate change.
The shekel had briefly surpassed the 3.80 level against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these pressures to ease, setting the stage for the shekel to capitalize on Israel’s economic rebound and the prudent policies of the Bank of Israel…
Oil prices rose on Thursday, extending gains from the prior session on signs of stronger demand in the U.S., the world’s largest consumer. 11:15 ET (15:15 GMT), Brent oil futures rose 0.3% to $83.03 a barrel, and West Texas Intermediate crude futures rose 0.6% to $79.06 a barrel.
Bitcoin price jumped on Thursday, benefiting from a weaker dollar after some relatively softer consumer inflation readings for April, although the token remained comfortably rangebound as sentiment towards crypto remained subdued.
Germany stocks were mixed after the close on Thursday, as gains in the Retail, Software and Food & Beverages sectors led shares higher while losses in the Industrials, Construction and Technology sectors led shares lower.
