Bloomberg Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped 1.7% after Saudi Aramco reduced its key Arab Light grade more than expected for shipments to Asia, a signal that fuel consumption in the largest oil-importing region is wavering. The company …

Bloomberg European stocks climbed as analysts speculated the market could be relatively resilient as Asian and US markets start pulling back. The pound weakened on concern the UK is inching closer to a no-deal Brexit. The Europe Stoxx 600 opened higher on Monday with broad gains across industry groups. The dollar index strengthened, while oil extended a retreat below $40 …

Bloomberg SoftBank Group Corp. shares tumbled in Tokyo after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks. SoftBank shares dropped as much as 8%, the most on an intraday basis since March. The stock had gained 33% this year before Monday. The Financial Times, Wall Street Journal and Zero Hedge reported …