Poor PMI data from China drive crude demand concerns
Gold struggles as yields surge; 10-year Treasury yield rises 14.4 basis points to 3.566%
Bitcoin falls 3.8% to $28,200
Oil
The ISM manufacturing report showed prices paid surged to the highest level since July as steel, copper, plastics, aluminum and diesel. The economy appears to be weakening at a slower pace and that should be good news for the crude demand outlook. Crude prices are paring losses on optimism the economy can strengthen now
01-05-2023 14:44 GMT
by Edward Moya