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Spanish PM facing first threats from allies

Bloomberg Spanish PM Pedro Sanchez is already facing pushback from the multi-coloured alliance that put him into office less than three weeks ago. In his first question and answer session at the Parliament in Madrid, a left-wing group from the Valencia region complained that Sanchez is backing away from plans to reform the regional financing system and questioned whether it ...

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Tech rally drives US stock gains, Treasury yields edge higher

Bloomberg US stocks were lifted by a rally in tech shares as concerns about a potential global trade war eased. Treasury yields edged higher and oil rallied. The S&P 500 was slightly higher after paring an early advance, while the Dow Jones Industrial Average slipped a seventh straight day. The Nasdaq Composite Index added to an all-time high, buoyed by ...

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Crude advances as US stockpile drop presages OPEC meet

Bloomberg Crude clung to gains after a larger-than-expected decline in US crude stockpiles heightened the importance of a key OPEC meeting later this week. Futures rose as much as 1.9 percent in New York on Wednesday. American oil inventories plunged by 5.91 million barrels last week, a bigger withdrawal than any of the 12 analysts in a Bloomberg survey expected. ...

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