Reuters Before the Bell: April 21, 2017

Click to View in Browser Friday, April 21, 2017 Oil dips, on course for biggest weekly drop in a month LONDON (Reuters) - Oil prices edged lower on Friday, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market. Exxon probe is unconstitutional, Republican prosecutors say NEW YORK (Reuters) - A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. violated consumer protection laws when selling fossil fuel products, according to a court filing. High-stakes vote on Wells Fargo board also tests proxy adviser ISS BOSTON (Reuters) - A high-stakes shareholder vote at Wells Fargo & Co next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board. Hedge funds lose on UK election shock, but man less than machines LONDON (Reuters) - Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. Global finance leaders find a more temperate Trump in Washington WASHINGTON (Reuters) - Donald Trump took power in January pledging to overhaul a global order that he said cheated middle-class Americans with a promise to tear up trade agreements and impose tariffs on China and Mexico. Brexit makes campsites cool again as Britons tighten belts NEWTON FERRERS, England/LONDON (Reuters) - Before last year's Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound. Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks WASHINGTON (Reuters) - President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. Asian stocks rise as steelmakers dismiss U.S. probe, euro fretful before French vote SINGAPORE (Reuters) - Asian stocks were set to end the week on a positive note, unscathed by a U.S. trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday's first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State. U.S. and Indonesia seek to cut trade and investment barriers JAKARTA (Reuters) - Indonesia and the United States agreed on Friday to find ways to reduce barriers to U.S. companies operating in Southeast Asia's largest economy, visiting U.S. Vice President Mike Pence and Jakarta's investment chief said. Asia steelmaker shares rise despite Trump salvo on trade SYDNEY (Reuters) - Shares of most Asian steelmakers rose on Friday, deflecting the first salvo of a long-anticipated anti-dumping campaign from U.S. President Donald Trump. Related Video Chinese car brand 'Trumpchi' weighs a name change Chinese car brand 'Trumpchi' weighs a name change Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook