Economy
The drop in oil prices reduces logistical costs for Spanish agriculture
WTI crude falls 0.4% after the OPEC agreement, easing transport costs for Spanish agriculture.
Federal Reserve
Latest federal reserve news
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Markets
Gold Slightly Falls but Remains Near Two-Week Highs
Spot gold falls 0.19% to $4,167 per ounce, yet stays close to two-week highs after weak US employment data lowers Fed rate hike expectations.
Economy
The dollar falls sharply after weak employment data in the US as the Fed becomes more cautious
The dollar plummets after weak US employment figures (57,000 jobs in June) and the Fed lowers the likelihood of a rate hike in September to 45%.
Markets
Gold stabilises in Asia after its first weekly rise since May
Spot gold rises 0.3% to $4,188 per ounce in Asia, driven by falling oil prices and weak US employment data.
Companies
BofA warns of a 'recovery' in the stock market and forecasts a 5% drop for the S&P 500
Bank of America warns that speculation has reached extreme levels and predicts a 5% drop in the S&P 500 by year-end.