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 sector this year, spiked on 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
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 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
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
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread 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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
European stocks ended Tuesday's session just below the flatline, as investors digested news coming out of a historic bilateral meeting between the U.S. and North Korea.
The pan-European STOXX 600 closed Tuesday down 0.11 percent provisionally, off from its highs seen during earlier parts of the session. Looking at sectors, most major industries showed a mixed picture by the closing bell.
The main focus for investors during Tuesday's session was an accord between North Korea and the U.S., which hopes to work toward complete denuclearization and a lasting "peace regime" on the Korean Peninsula. Kim said that their agreement, which was signed by both leaders, would lead to a "major" change in the world, while Trump appeared confident that the Korean conflict would soon end.
While the news seems optimistic, investors remain cautious over what each country will define as "complete nuclearization." Following the summit's conclusion, markets across the world paused for breath, with Wall Street showing a mixed to slightly higher session around Europe's close.
Switching focus to stocks, retailers led the gains with H&M jumping some 5 percent and Carrefour popping over 3 percent. Carrefour was a top performer after the French firm agreed to partner with Google, in an online shopping tie-up.
Casino Guichard meanwhile closed up 1.76 percent, off session highs, after news emerged that it plans to move ahead with an asset sale worth 1.5 billion euros ($1.77 billion).
Utilities was another top performing industry, boosted by Centrica, which climbed over 3.5 percent after Jefferies raised its price target and rating on the stock.
Elsewhere, Imcd advanced 3 percent after announcing it wants to buy U.S. specialty chemical distributor E.T. Horn company, Reuters reported.
Shares of Daimler finished up 1.45 percent after it recalled 238,000 vehicles to clarify the legality of unauthorized software, following reports that the company might have used defeated devices in Europe.
In terms of data, in the U.K., British workers' wages rose at a slower pace in the three months to April. According to official data, total earnings, including bonuses, saw a jump of 2.5 percent annually, down from 2.6 in March, Reuters reported.