Yields poke weekly low, stock futures print mild gains as traders await Fed’s Powell

Market sentiment remains divided amid central banks’ moves, growth fears. US Treasury yields remain pressured for the third consecutive day. S&P 500 Futures, Euro Stoxx 50 Futures consolidated recent losses. Fed’s bi-annual monetary policy report, Powell’s speech will be crucial for fresh directions. Global markets remain dicey as central banks flex muscles to battle inflation. … Read more

EU working on Russia oil sanction deal for next week’s summit that would exclude pipeline flows

European Union nations are reportedly working on a Russia oil sanction deal that could be signed at next week’s EU Council Summit that would exclude oil delivered into the EU via pipelines, two EU officials told Reuters. Bloomberg had reported something similar earlier in the day. The exclusion of oil delivered by pipelines is designed … Read more