Aluminum, Oil, extend gains: European equity pre-market
European equity-index futures point to little changed to marginally higher open for the region’s stocks. Meanwhile, Asian stocks have pushed to the highest in a month, and oil extends its gains after a report showing an inventories drop.
In Florida, U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to work closely on bilateral trade. Among metals, aluminum hit a multiyear high and nickel extended its climb. Industry leader Alcoa said it’s still assessing the impact of U.S. sanctions against United Co. Rusal, forecasting a deficit of the lightweight metal.
Elsewhere, Rusal is said to discuss deals in China to ease the sanctions crunch. In the world of banking, UBS and Credit Suisse are said to be in talks about combining some back-office functions to cut costs.