President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
European stocks posted solid gains by Tuesday's close, as investors cheered on the sharp uptick in mining stocks, while digesting the latest batch of earnings reports.
The pan-European STOXX 600 ended 1.5 percent higher provisionally. All sectors finished higher, with banks, travel and basic resources all closing above 2 percent.
Commodities provided a helping hand in European trade on Tuesday, with basic resources outperforming the broader market, closing up 2.79 percent as a sector. Glencore, Anglo American and BHP Billiton all posted gains of 1.5 percent or more by the close, boosted by slight weakness in the dollar and a solid uptick in metal prices.
Elsewhere, crude prices were initially higher during trade, but came under pressure in the afternoon, as the U.S. dollar came off its session lows. At the market close, Brent traded at $51.37, while U.S. WTI hovered at $49.93.
Investor caution continues to mount however, as election day approaches in the U.S., and investors debate over when the U.S. central bank could raise interest rates. On Monday, the Federal Reserve Vice Chairman Stanley Fischer said that the U.S. central bank was "very close" to meeting its employment and inflation goals.
On the data front, U.K. inflation data for September showed a 1 percent increase year-on-year, ahead of consensus forecasts for an upward move of 0.9 percent.
Sticking with the U.K., the British pound jumped in morning London trade, after a U.K. government lawyer said parliament would "very likely" have to ratify any deal to take the U.K. out of the EU; Reuters reported. At the close, sterling was up some 1 percent against the U.S. dollar, standing at $1.2316.
Burberry shares tumbled to the bottom of Europe's benchmarks, ending 7.2 percent down, as the firm warned of a challenging external environment, despite reporting a rise in second-quarter retail sales.
Meanwhile, after a poor earnings report on Monday, Pearson fell over 2 percent on Tuesday after several brokers cut their price targets on the stock.
Ryanair cut its full-year profit forecast by 5 percent due to the plunge in the value of sterling, sending shares in the budget airline lower in early trade. But shares reversed losses to close almost 5 percent higher after it announced that it hoped to boost market share soon by selling more tickets, Reuters reported. EasyJet closed higher too, up 5.1 percent.
British housebuilder Bellway reported a 40 percent rise in pretax profit for its fiscal 2016 year, helping shares climb 6 percent. The news helped lift other U.K. property stocks, including Persimmon, Barratt Development and Bovis Homes.
However, London-listed Domino's Pizza outperformed these stocks, closing up 6.45 percent, following a strong earnings report from its U.S. listed stock.