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Crude falls as Israel Iran attack fears diminish
Manage episode 445253276 series 2874694
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Crude prices tumble following reports that Israel will back off targeting Iranian oil or nuclear infrastructure. Opec has also slashed its demand forecast. On Wall Street, the S&P 500 records its 46th record close of 2024, helped along by tech giant Nvidia hitting a new all-time high which places it on the verge of overtaking Apple as the world’s most valuable company. We are live at the Paris Motor Show where European car makers pledge to take on Chinese competition. Xpeng CEO Brian Gu tells CNBC the company is looking beyond European Union EV import tariffs. In London, UK Prime Minister Keir Starmer vows to cut red tape to ramp up investment in the country. BNY CEO Robin Vince tells this channel a steady, pro-growth and consistent approach is key for investors.
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