Blog Verité

Oil futures were close to 2% higher ahead of the U.S. jobs report. Despite the lift, prices remained on course to close the week 4% lower, with the market reacting poorly to OPEC’s supply cut last week.

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China’s vehicle sales continued rising in November, helped by sales of new-energy vehicles, clearance of fossil fuel cars and sales promotions.

Copper prices edged up while gold held steady ahead of the U.S. jobs report, with the data likely to affect monetary policy and in turn the dollar.

The companies said they will boost production capacity of silicon carbide and silicon power devices, components used for supplying and managing power in parts such as electric-vehicle powertrains.

The bond rally will likely fade as central banks might start cutting rates later than some market pricing suggests, Societe Generale Research said.

Anglo American cautioned that production next year would fall around 4% due to near-term constraints and volatile market conditions, and said it planned to cut costs by $1 billion.

By Valerie Volcovici and David Stanway DUBAI (Reuters) -COP28 President Sultan al-Jaber urged countries on Friday to get out of their comfort zones and work together to reach agreement before the two-week summit ends. “Let’s please get this job done,”