MARKET UPDATE
Gold prices steady with PCE test in focus. Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data that…
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Asian stocks fall on inflation jitters
Most Asian stocks fell on Wednesday, weighed by persistent concerns that sticky inflation will push major central banks into keeping interest rates high for longer. Chinese markets were somewhat of…
MARKET UPDATE
Dollar steady ahead of inflation data. The dollar was bolstered on Wednesday by rising expectations the Federal Reserve is unlikely to cut rates until later this year ahead of crucial…
MARKET UPDATE
Gold prices steady as dollar drifts lower. Gold prices steadied in Asian trade on Tuesday, seeing some relief from a mildly weaker dollar as traders braced for a swathe of…
MARKET UPDATE
Gold prices rise slightly after weekly losses. Gold prices rose slightly in Asian trade on Monday, recouping some of last week’s losses as traders remained cautious towards metal markets ahead…
MARKET UPDATE
Gold prices steady but head for steep weekly losses. Gold prices steadied in Asian trade on Friday, but were nursing steep declines through the week as concerns over high for…
MARKET UPDATE
Dollar near one-week high. The dollar hovered near a one-week high on Thursday after its biggest daily percentage gain this month against a basket of peers a day before as…
MARKET UPDATE
Oil drops for third day. Oil prices fell over 1% on Wednesday, retreating for a third straight day on expectations the Federal Reserve might keep U.S. interest rates higher for…
MARKET UPDATE
Gold prices hit record high. Gold prices hit a record high in Asian trade on Monday as increased geopolitical tensions in the Middle East boosted safe haven demand, while a…
MARKET UPDATE
Asia FX muted, dollar steady. Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders awaited more cues on interest rates from the Federal Reserve this week.…
The Dow’s climb to a record 40,000 points
The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points…
MARKET UPDATE
Gold prices trim some weekly gains. Gold prices fell slightly on Friday, trimming some of their gains for the week as comments from a slew of Federal Reserve officials offered…
MARKET UPDATE
European stocks retreat on downbeat earnings. European stock markets edged lower Thursday despite the U.S. inflation-induced global rally, as investors digested some downbeat earnings. At 03:25 ET (07:25 GMT), the…
MARKET UPDATE
Gold prices steady as dollar eases. Gold prices steadied in Asian trade on Wednesday, taking advantage of a softer dollar as markets hunkered down before key U.S. consumer inflation data…
MARKET UPDATE
Asia FX muted as dollar steadies ahead of inflation data. Most Asian currencies moved little on Tuesday, tracking a steady dollar as traders remained largely focused on upcoming U.S. inflation…
MARKET UPDATE
Asia FX edges lower, dollar steadies. Most Asian currencies moved in a flat-to-low range on Monday, while the dollar steadied from recent swings as focus turned squarely to upcoming U.S.…
MARKET UPDATE
Gold prices rise, set for weekly gains. Gold prices rose in Asian trade on Friday, extending overnight gains as more signs of a cooling U.S. labor market weighed on the…
MARKET UPDATE
Gold prices tread water as dollar holds firm. Gold prices moved little in Asian trade, hovering well below recent record highs as investors remained largely biased towards the dollar before…
MARKET UPDATE
Asia FX weakens, dollar firm. Most Asian currencies weakened on Wednesday, while the dollar firmed as comments from Federal Reserve officials saw markets rethink expectations for U.S. interest rate cuts.…
MARKET UPDATE
Amazon to spend nearly $9 billion to expand cloud. Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore,…