The Guardian ran a live blog covering Monday's air traffic control failure and the day's market news. Oil prices fell, with Brent crude down about 3 percent to $100.79 a barrel. US and European stock markets rose, and Bitcoin climbed above $80,000 for the first time in seven months. The blog also reported that UK consumer confidence fell to a three-year low, and that fixed-rate UK mortgage costs hit multi-year highs. Novo Nordisk shares slid after it cut 13,000 jobs in a year.
Live blogs mix many business stories in one place so readers can follow a fast-moving day. Falling oil prices usually help, because energy costs drive inflation. Lower oil can also take pressure off central banks that are deciding what to do with interest rates. That is why investors welcomed the drop. Earlier this year, the US war with Iran had pushed oil prices the other way.
Oil prices affect almost everything people buy. A drop can ease inflation and change what central banks do with interest rates.

The Guardian ran a live blog covering Monday's air traffic control failure and the day's market news. Oil prices fell, with Brent crude down about 3 percent to $100.79 a barrel. US and European stock markets rose, and Bitcoin climbed above $80,000 for the first time in seven months. The blog also reported that UK consumer confidence fell to a three-year low, and that fixed-rate UK mortgage costs hit multi-year highs. Novo Nordisk shares slid after it cut 13,000 jobs in a year.

Live blogs mix many business stories in one place so readers can follow a fast-moving day. Falling oil prices usually help, because energy costs drive inflation. Lower oil can also take pressure off central banks that are deciding what to do with interest rates. That is why investors welcomed the drop. Earlier this year, the US war with Iran had pushed oil prices the other way.

Oil prices affect almost everything people buy. A drop can ease inflation and change what central banks do with interest rates.

📰 Source: News Source
theguardian.com ↗
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