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European stocks advance with US futures; yuan falls

Bloomberg Stocks and US futures rise as investors focused on the prospect for more stimulus and improving corporate earnings. The offshore yuan falls after China’s central bank took steps to restrain a recent rally. The Europe Stoxx 600 Index gained 0.5%, Nasdaq 100 Index futures added 1% and the MSCI Asia Pacific Index rallied to the highest since mid-2018. Chinese ...

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China stocks jump on hopes Xi will announce reforms in Shenzhen

Bloomberg China stocks climbed on optimism before President Xi Jinping’s address in the southern city of Shenzhen this week. The Hang Seng China Enterprises Index rises 2.7%, poised for the most since July 6, as of 3:07 pm in Hong Kong. Xiaomi Corp. surged 7.9% to lead gains, while Industrial & Commercial Bank of China Ltd. (ICBC) jumped the most ...

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Libya readies to pump more oil as it reopens biggest field

Bloomberg Libya took a major step towards reviving its battered oil industry by reopening its biggest field, as Opec+ tries to curb global supplies. The National Oil Corp, Libya’s state energy company, lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday. The field will initially pump 40,000 ...

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