Commodities

The latest on developments in financial markets (all times local): 9:35 a.m.

U.S. drillers added two oil rigs in the week to June 1, bringing the total to 861, the most since March 2015.

Asian and European shares rose Monday after last week's upbeat U.S. jobs report, despite the impasse between Beijing and Washington over trade.

The S&P 500 was on pace to erase its losses from earlier in the week, and interest rates climbed after a report on Friday showed that the strengthening U.S. job market remains on course.

Asian shares gave up modest early gains to drift lower on Friday after U.S. stocks skidded amid mounting trade tensions.

President Donald Trump's administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions.

U.S. stocks are mostly lower Thursday morning following big swings over the last two days.

___ Trump tariffs on US allies draw retaliation threats WASHINGTON (AP) — The Trump administration's announcement that it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada has drawn swift vows of retaliation from key allies, inflamed trade tensions and sent stock markets sinking.

The latest on developments in financial markets (all times local): 9:35 a.m.

Fewer Americans signed contracts to buy homes in April, reflecting the dearth of properties being listed for sale in the U.S. right now.

U.S. stocks are climbing Wednesday morning, recovering some of the ground they lost the day before, as investors hope Italy might be able to avoid a new round of elections.

Stocks have skidded in Asia as Italy heads for another round of elections that investors worry could become a referendum on whether to stay in the euro bloc.

Global stocks are falling Tuesday morning as political uncertainty in Italy sends European stocks sharply lower.

Asian shares were mostly lower Tuesday, tracking losses in Europe, where investor confidence was sapped by political uncertainty in Italy.

Energy companies and oil prices are sinking again Friday morning on reports OPEC countries plan to produce more oil soon.

U.S. stocks are lower Thursday morning after President Donald Trump said he is canceling a planned meeting with North Korean leader Kim Jong Un.

Gold will always remain a safe haven, Naguib Sawiris said.

___ Trump appears to raise new doubts about US-China trade deal WASHINGTON (AP) — President Donald Trump is casting doubt on the prospects for talks that are designed to head off a trade war between the United States and China.

___ US and China work on ZTE rescue; Mnuchin denies quid pro quo WASHINGTON (AP) — The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business.

Technology companies and banks are rising Tuesday morning as U.S. stocks head higher for the second day in a row.