BLOOMBERG.COM
Energy prices slid, weighing on currencies of commodity-producing nations, after the International Energy Agency said an oil glut will last longer than initially estimated. Crude dropped toward $45 a barrel in New York as the IEA said oversupply will persist well into 2017. Mexico’s peso fell in sympathy, leading declines among major currencies. Government bonds rose, led by U.K. gilts, after Federal Reserve Governor Lael Brainard on Monday damped speculation on a U.S. interest-rate increase. Stocks in Europe were little changed and futures on the S&P 500 Index declined.
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Energy prices slid, weighing on currencies of commodity-producing nations, after the International Energy Agency said an oil glut will last longer than initially estimated. Crude dropped toward $45 a barrel in New York as the IEA said oversupply will persist well into 2017. Mexico’s peso fell in sympathy, leading declines among major currencies. Government bonds rose, led by U.K. gilts, after Federal Reserve Governor Lael Brainard on Monday damped speculation on a U.S. interest-rate increase. Stocks in Europe were little changed and futures on the S&P 500 Index declined.
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