Description
Added on the 07/01/2015 13:14:16 - Copyright : Reuters EN
US equities soared on Tuesday on the heels of President-elect Joe Biden's victory. The General Services Administration confirmed it would provide the "resources and services" needed to start Biden's transition. According to Business Insider, it's a clear sign that the Trump campaign has accepted its loss in the 2020 race. The typically seamless process has been mired down by President Donald Trump's legal challenges to the election's outcome. The Dow Jones industrial average surged above 30,000 for the first time, ever marking a rapid comeback after sinking in March.
Oil has slipped towards $47 a barrel, falling further from the previous session's one-week high on receding hopes for imminent action to tackle a supply glut. Sonia Legg reports
Oil has slipped towards $47 a barrel, falling further from the previous session's one-week high on receding hopes for imminent action to tackle a supply glut. Sonia Legg reports
Brent oil futures climb above $50 a barrel for the first time in nearly seven months, boosted by U.S. government figures showing a sharper-than-expected drawdown in crude stocks. As Sonia Legg reports, it helped boost energy-related shares in Europe and Asia.
In the Scottish city of Aberdeen, known as the Oil Capital of Europe, thousands of job losses have hit not just those working in the oil industry, but also in the local economy. Joel Flynn reports.
|
Support : Technical 
- Content 
- Editors 
