European shares turn positive as easing U.S. inflation data offsets luxury drag

(Reuters) -European stocks turned positive in afternoon trading on Tuesday after data showed U.S. inflation growth slowed sharply last month, allaying fears of a sooner-than-expected tapering in monetary stimulus by the Federal Reserve.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 13, 2021. REUTERS/StaffThe region-wide STOXX 600… Continue reading European shares turn positive as easing U.S. inflation data offsets luxury drag

Oil prices jump on view Iranian oil will not cause glut

NEW YORK (Reuters) -Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions.Slideshow ( 2 images )Prices also got a boost on expectations… Continue reading Oil prices jump on view Iranian oil will not cause glut