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…
Read more
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,…
European shares slip at open in earnings tide
European shares opened on a sombre note on Thursday as investors returned after a mid-week holiday to parse a slew of big-ticket earnings and the Federal Reserve signalling a delay…
MARKET UPDATE
Oil prices rebound. Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world’s biggest crude consumer, to start…
MARKET UPDATE
Asia FX weak as Fed jitters grow. Most Asian currencies fell on Tuesday as anticipation of a Federal Reserve meeting this week kept traders largely biased towards the dollar, with…
MARKET UPDATE
Gold prices tread water as Fed meeting looms. Gold prices moved little in Asian trade on Monday, seeing little relief from recent losses as traders continued to price in higher-for-longer…
Dollar rally pauses
The dollar softened on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive…
MARKET UPDATE
Asia FX sees some relief as dollar retreats. Most Asian currencies crept higher on Thursday, seeing some breathing room as the dollar retreated from an over five-month peak, although fears…
MARKET UPDATE
Oil prices dip as concerns outweigh Middle East supply. Oil prices extended losses in early trade on Wednesday as worries about global demand due to weak economic momentum in China…