Oil prices fall despite output cuts, equities wobble

13 Sept 16:40 Key points summarised by AI

Oil prices declined over one percent despite fresh output cuts from Saudi Arabia and Russia, driven by global growth concerns and weak demand forecasts.
Global equities showed mixed performance; Asian markets advanced on easing inflation data, while European stocks mostly fell, and US markets saw a subdued rise.
Recent data indicated cooling inflation in both the US and Eurozone, raising hopes for a potential end to central bank interest rate hikes, though officials still warn of further tightening.
OPEC+ efforts to bolster oil prices through production cuts have failed to achieve lasting recovery, with analysts citing ongoing demand pressures and compliance issues among members.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.