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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
European markets finished higher Thursday as investors reacted to interest rate decisions from the Bank of England and the Federal Reserve.
The pan-European Stoxx 600 closed up 0.5% provisionally, having hit its highest since May 6 earlier in the day.
Technology stocks led gains with a 1.6% rise, while travel and leisure stocks were the worst performer, falling 1.1%. Germany's DAX rose 0.4% and hit a nine-month high earlier in the session.
The week's focus on central banks continued Thursday, as the Bank of England held interest rates steady at 0.75% while cutting its growth forecast for Britain's economy to zero in the second quarter of 2019, citing global trade tensions and the growing risk of a damaging no-deal Brexit. Sterling was trading higher against the dollar following the Bank of England's decision, reaching around $1.2682 on Thursday afternoon.
European Central Bank President Mario Draghi touted another round of stimulus on Tuesday, while Wednesday saw the U.S. Federal Reserve signal a rate cut later this year.
Investors also monitored geopolitical tensions Thursday after a U.S. drone was shot down in international airspace over the Strait of Hormuz, with Iran's Revolutionary Guard claiming it had downed the drone as "a clear message" to Washington. Oil prices surged on the news.
Back in the U.K., Boris Johnson extended his lead in the fourth round of the race to become Britain's next prime minister. Johnson, the favorite to replace Theresa May, won 157 out of 313 votes, and will face off against remaining candidates Michael Gove and Jeremy Hunt later today.
In terms of individual stocks, shares of German food delivery company Delivery Hero jumped nearly 10% to top the European blue chip index, on the back of the company raising its full-year revenue guidance again. Other delivery services also gained on the news.
At the other end of the Stoxx 600, British tour operator Carnival saw its shares tumble 11% during the session after cutting its full-year profit forecast.
Elsewhere, shares of Deutsche Bank closed down 2.7% after it was reported that the German lender is facing an FBI investigation over possible money-laundering.