MARKET UPDATE
Oil forecasts cut for 5th straight month. Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices…
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MARKET UPDATE
Oil prices dip on stronger supply prospects. Oil prices eased for a third day on Friday and were on track to fall for the week as investors focused on expectations…
MARKET UPDATE
Gold prices steady near record highs. Gold prices steadied in Asian trade on Thursday, remaining close to record highs as focus turned to an upcoming address by Federal Reserve Chair…
MARKET UPDATE
Asia FX ticks higher, yuan hits 16-month high. Most Asian currencies rose slightly on Wednesday as persistent bets on interest rate cuts dented the dollar, while the Chinese yuan hit…
Oil prices surge on Chinese stimulus
Oil prices climbed strongly Tuesday, boosted by news of additional monetary stimulus from China as well as conflict in the Middle East and the potential of disruptions to US supplies.…
MARKET UPDATE
European shares jump on China stimulus. European shares opened higher on Tuesday, as China’s sweeping stimulus measures boosted stocks of luxury companies and miners. The pan-European STOXX 600 index gained…
MARKET UPDATE
Asian stocks rise. Most Asian stocks rose slightly on Monday amid persistent cheer over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face…
MARKET UPDATE
Asian stocks rise on rate cut cheer. Most Asian stocks rose on Friday, tracking overnight gains on Wall Street as investors cheered a bumper interest rate cut from the Federal…
MARKET UPDATE
Dollar bounces after Fed-inspired losses. The U.S. dollar edged higher Thursday, bouncing off its over one-year low after the Federal Reserve announced an outsized interest rate cut, while sterling gained…
MARKET UPDATE
Asian stocks muted with Fed rate cut in focus. Most Asian stocks kept to a tight range on Wednesday as investors hunkered down in anticipation of a Federal Reserve meeting…
Dollar pinned down by 50 bp
The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected start to a U.S. easing cycle that markets are betting may begin…
MARKET UPDATE
Asian stocks edge higher on rate cut bets. Most Asian stocks rose slightly on Tuesday in anticipation of an interest rate cut by the Federal Reserve, while Japanese markets were…
MARKET UPDATE
Oil prices climb on Fed rate cut outlook. Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped…
MARKET UPDATE
Gold prices hit record high. Gold prices hit a record high in Asian trade on Friday, buoyed by persistent speculation that the Federal Reserve will cut interest rates in the…
Gold prices rise, keep record highs
Gold prices rose in Asian trade on Thursday and remained in sight of record highs as traders bet that the yellow metal will still benefit from a lower interest rate…
MARKET UPDATE
Asian shares up on Wall St tech boost. Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after U.S. core inflation…
MARKET UPDATE
Asia FX firms, yen at 8-mth peak. Most Asian currencies gained ground on Wednesday as the dollar retreated in the wake of a fiery U.S. presidential debate, with focus turning…
MARKET UPDATE
Asian stocks rise with inflation in focus. Most Asian stocks rose on Tuesday tracking an overnight rebound in Wall Street as investors looked to upcoming inflation data for more cues…
MARKET UPDATE
Dollar steadies, Yen slips. The dollar recovered some lost ground on Monday while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal…
MARKET UPDATE
Oil steadies ahead of key US jobs report. Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed…