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Intercontinental Exchange Inc. has significantly boosted the margins traders have to post for its Brent crude and European diesel futures contracts since start of the war in Iran, as surging volatility spiked energy prices.
Source
Bloomberg Markets
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The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
Hainan Airlines Holding Co. is looking to return to the bond market after going through a debt restructuring more than four years ago, according to people familiar with the matter.
An earnings beat by Contemporary Amperex Technology Co. Ltd. next week may set the stage for a short squeeze, after a surge in the battery maker’s shares on bets tied to soaring energy prices.
Fast Retailing Co. shares rose to a record after the Japanese apparel retailer raised its full-year operating profit outlook, thanks to strong margins and gains driven by strong Uniqlo demand in the US and Europe.
