BLOOMBERG.COM
Energy shares led stocks in Europe lower, the Russia ruble weakened and oil touched a one-month low after the world’s biggest crude producers failed to agree to supply cuts at a meeting in Vienna. U.S. equity-index futures and Mexico’s peso clawed back some of their losses from Friday triggered by the FBI’s reopening of an inquiry into Hillary Clinton’s e-mails. A gauge of energy companies on the MSCI All Country World Index slipped for a second day after the Organization of Petroleum Exporting Countries ended two days of talks on Saturday without agreeing any individual quotas. Russia’s ruble declined while the South African rand surged with the nation’s banks after prosecutors withdrew charges against Finance Minister Pravin Gordhan. Perceived investment-grade credit risk was set for the longest run of increases since May.
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Energy shares led stocks in Europe lower, the Russia ruble weakened and oil touched a one-month low after the world’s biggest crude producers failed to agree to supply cuts at a meeting in Vienna. U.S. equity-index futures and Mexico’s peso clawed back some of their losses from Friday triggered by the FBI’s reopening of an inquiry into Hillary Clinton’s e-mails. A gauge of energy companies on the MSCI All Country World Index slipped for a second day after the Organization of Petroleum Exporting Countries ended two days of talks on Saturday without agreeing any individual quotas. Russia’s ruble declined while the South African rand surged with the nation’s banks after prosecutors withdrew charges against Finance Minister Pravin Gordhan. Perceived investment-grade credit risk was set for the longest run of increases since May.
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