Reuters

By Samuel Indyk and Ankur Banerjee

LONDON (Reuters) -The dollar was a touch lower on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates this year, while the yen lurched lower after last week's suspected intervention fuelled a wild ride.

The yen last week clocked its strongest weekly gain since early December 2022 following two bouts of suspected intervention from Tokyo to pull the currency away... (continue reading...)

By Noah Browning

LONDON (Reuters) -Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.

Brent crude futures gained 73 cents, or 0.9%, to $83.69 a barrel at 0852 GMT, while U.S. West Texas Intermediate crude futures were at $78.95 a barrel, up 84 cents, or... (continue reading...)

PARIS (Reuters) - Marseille's public administration asked the local state authority on Sunday to requisition striking garbage collection workers, compelling enough of them back to work to maintain a service, two days before the Olympic torch is expected to reach the port city.

WHY IT'S IMPORTANT

The strike, which has been going on since April 30, could tarnish the city's image just when it's in the global spotlight as the Olympic torch... (continue reading...)

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.

The relief across world markets as signs of a softening in the U.S. jobs markets strengthens the case for Federal Reserve rate cuts to start later this year remains palpable.

Not only did U.S. 10-year Treasury yields end Friday down 17 basis points, in their biggest weekly drop of the year, but the S&P 500 stock index had its best day in over two months.

(Reuters) - U.S. Vice President Kamala Harris on Monday announced more than $100 million in funding and resources to support American auto workers and small auto suppliers.

Historic contracts secured by the United Auto Workers with the Big Three Detroit automakers and recent organizing victories ensure that these jobs will provide comparable wages, retirement security and respect at work, the office of the VP said in a statement.