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Post by rocky on Tue 14 Nov 2017, 1:50 am

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weak business results Europe stocks keep their lowest level in 12 days 
The heavy losses suffered by French utility company EDF after a profit warning and disappointing update on expected results from other European stock companies plunged on Monday, while weakness The London Stock Exchange is performing more than its peers. 
EDF lost 8 percent and led the Stoxx 600 index to European shares, which lost 0.4 percent by 0934 GMT, the lowest since Oct. 26. 
France's utility group cut its forecast for 2018 profits and financial flows for the same year for several reasons, including a decline in electricity consumption and a decline in production in a number of nuclear reactors in early 2018.
The market was broadly supported by gains from Britain's Financial Times 100 index, which rose 0.3 percent on gains from major exporters, including Diagio and Shire. 
Both stocks received support from the pound's decline following news reports of a rebellion in parliament over Prime Minister Teresa Mae.

Minister Suhail bin Mohammed Al Mazroui said on Monday he did not see the need for global oil producers to delay the decision on whether to extend production cuts beyond their meeting, Later this month. 
Al Mazrouei said at an energy conference he did not see the need to postpone the decision until March, adding that producers would not meet in that quarter unless it was exceptional. He added that while the UAE supports the idea of ​​extending production cuts, Supports the idea of ​​extending it until the end of 2018.

warned in oil markets after tension in the Middle East Careful 
handling of oil markets on Monday as tensions in the Middle East continue and signs of oil producers' determination to increase production. 
Brent crude futures reached $ 63.55 a barrel at 10:00 a.m. Moscow time (0700 GMT), up 3 cents from the previous close. The WTI price was $ 56.78 per barrel, up 4 cents from the previous closing price. 
Traders said crude prices were generally well supported by OPEC's ongoing production cuts and Russia had contributed to a significant reduction in excess supply, which markets have been experiencing since 2014.
Traders said tensions in the Middle East had increased the likelihood of supply disruption. Bahrain said at the weekend that the blast, which caused a fire in its main pipeline on Friday, was a sabotage act. The attack was linked to Iran, which denied any role in the incident. 
Despite the Middle East tensions and OPEC-led production cuts, traders have been wary of betting on higher oil prices, especially because of an increase in the number of rigs in the United States. 
Baker Hughes, an energy services firm, said Friday that companies increased the number of oil drilling platforms in the week ending Nov. 10, with nine excavators, bringing the total to 738. 
US oil producers have increased production by more than 14 percent since mid-2016 to a record 9.62 million bpd.

    Current date/time is Wed 17 Oct 2018, 11:08 am