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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
European stocks moved higher on Wednesday as investors digested the results in the U.S. midterm elections.
The pan-European Stoxx 600 ended provisionally up by 1.03 percent with every sector in the black. Banks, retail and construction firms were among the top performers.
The FTSE 100 ended provisionally up by 1 percent, Germany's DAX by 0.8 percent, France's CAC by 1.1 percent, and Spain's IBEX by 2.1 percent.
Spanish banking stocks pushed the sector higher after a Supreme Court ruling that banks are not required to pay levies on mortgages, sparing them from potentially having to reimburse billions of euros to borrowers who for years have paid the tax themselves. Banco Sabadell rose 2.4 percent and Caixabank was 4.3 percent higher by the close.
Retail stocks traded higher on the back of earnings news. Delivery Hero rose more than 4 percent on strong third-quarter results. The German sportswear retailer, Adidas fell 3.6 percent, despite raising its profit guidance for the year.
In the U.K., house-builder firm Persimmon announced that its CEO Jeff Fairburn will leave the company at the end of the year. Fairburn said that a scandal related to a $75 million bonus was an ongoing "distraction" that had dented the company's reputation. He will receive the payout.
U.S. stocks rallied on Wednesday after the midterm election results came in about as expected. According to NBC news, the Democrats are set to win control of the House of Representatives. NBC News also projected the GOP would maintain control of the Senate. Investors will be monitoring the midterms' results to understand what the likely implications of the vote for U.S. policy are. Health stocks moved higher after voters in California rejected a proposal to cap profits on dialysis companies. Fresenius Medical rose 8 percent and led the gains in Europe.
In terms of data, euro zone retail sales data showed an improvement in September, indicating strong consumer demand. Eurostat said that sales jumped 0.8 percent year-on-year.