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
* ECB cuts rates, restarts asset purchases
* Yen weakens on U.S.-China trade hopes
* US consumer prices rose in August
(New throughout, updates trading and comments to U.S. market open, new byline, changes dateline, previous LONDON) NEW YORK, Sept 12 (Reuters) - The euro gained against the dollar on Thursday, erasing earlier losses, after the European Central Bank launched new stimulus but failed to live up to some dovish market expectations. The ECB cut its deposit rate to a record low -0.5% from -0.4% and will restart bond purchases of 20 billion euros a month from November. It also said it expects bond purchases to run for as long as necessary and end shortly before it starts raising the key ECB interest rates. We got a little bit of everything, but when all was said and done I think markets were expecting the bazooka to come out, and we definitely didnt get the bazooka, said Win Thin, global head of currency strategy at Brown Brothers Harriman in New York. The euro was last up 0.33% at $1.1045, after earlier dropping as low as $1.0925. That was the lowest since the single currency fell to $1.0924 on Sept. 3, which was the lowest in more than two years. Central banks globally are fighting against slowing growth and tepid inflation, with the U.S.-China trade war adding further headwinds to the global economy. The safe-haven Japanese yen weakened after Bloomberg News reported that Trump administration officials have discussed delaying or rolling back some tariffs on Chinese goods.
It comes after U.S. President Donald Trump on Wednesday welcomed China's decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs, and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.
The greenback was last up 0.07% at 107.89 yen. U.S. data on Thursday showed that underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy. It comes after data on Wednesday showed that U.S. producer prices unexpectedly rose in August. This next major economic focus will be retail sales data on Friday.
Currency bid prices at 10:23AM (1423 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low BidPrevious Change
Euro/Dollar EUR= $1.1045 $1.1009 +0.33% -3.70%+1.1069 +1.0928Dollar/Yen JPY= 107.8900 107.8100 +0.07% -2.15%+108.1600 +107.5300Euro/Yen EURJPY= 119.18 118.71 +0.40% -5.58%+119.4900 +117.5800Dollar/Swiss CHF= 0.9896 0.9926 -0.30% +0.84%+0.9945 +0.9883Sterling/Dollar GBP= 1.2339 1.2326 +0.11% -3.28%+1.2357 +1.2284Dollar/Canadian CAD= 1.3177 1.3191 -0.11% -3.38%+1.3217 +1.3176Australian/Doll AUD= 0.6888 0.6861 +0.39% -2.28%+0.6891 +0.6861
Euro/Swiss EURCHF= 1.0933 1.0932 +0.01% -2.85%+1.0949 +1.0853Euro/Sterling EURGBP= 0.8949 0.8929 +0.22% -0.39%+0.8972 +0.8887NZ NZD= 0.6439 0.6411 +0.44% -4.12%+0.6450 +0.6410
Dollar/Norway NOK= 8.9375 8.9554 -0.20% +3.46%+9.0096 +8.9358Euro/Norway EURNOK= 9.8726 9.8615 +0.11% -0.34%+9.9107 +9.8300Dollar/Sweden SEK= 9.6265 9.6722 -0.17% +7.39%+9.7308 +9.6224Euro/Sweden EURSEK= 10.6332 10.6517 -0.17% +3.60%+10.6781 +10.6149
(Editing by Nick Zieminski)