London Stock Exchange Plans to Launch 24-Hour Trading Service
On July 21, the London Stock Exchange (LSE) announced plans to launch a round-the-clock trading service, marking the latest move by traditional stock exchanges to attract retail investors. Currently, an increasing number of retail investors are being drawn to digital currency trading platforms that offer 24-hour trading services. The London Stock Exchange stated on Tuesday that it will launch a nighttime trading platform in the first half of 2027. The new platform will operate independently from the LSE's main market, initially offering trading services for exchange-traded products (ETPs), including funds tracking UK or US stock markets. (Jin Shi)
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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