Oil’s rally will stall at $55 a barrel as US shale drillers get back to work and a “wall of supply” from investments made over the past decade hits the market, says Goldman Sachs Group.

Bill Gross, manager of the world’s biggest bond fund, said the Federal Reserve is unlikely to slow stimulus and lift its target rate for overnight loans between banks until 2016 with employment growth insufficient.

Apple, the world’s most valuable technology company, is being urged by David Einhorn’s Greenlight Capital to return more of its $137.1bn (€101.5bn) in cash to shareholders.

EUROPEAN stocks sank the most in fourth months, extending an 11-month low, amid concern the US recovery is faltering and the world’s largest economy may lose its top credit rating.