MARKET UPDATE
Gold prices at record highs. Gold prices inched higher to a record high in Asian trade on Wednesday, extending a run of recent gains as anticipation of a tight U.S.…
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MARKET UPDATE
Oil prices dip as Blinken arrives in Israel. Oil prices eased on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and…
MARKET UPDATE
Gold prices hit record high above $2,730. Gold prices hit a record high in Asian trade on Monday, extending a rally from last week as uncertainty over the U.S. election…
MARKET UPDATE
Oil steadies, but on track for biggest weekly loss. Crude oil futures steadied on Friday after strong U.S. retail sales data, but Chinese economic indicators remained mixed and prices were…
MARKET UPDATE
Asia FX muted amid China stimulus watch. Most Asian currencies were muted on Thursday as investors awaited cues on more stimulus in China, while the dollar steadied at 2-½ month…
MARKET UPDATE
Asia stocks dip as tech losses weigh. Most Asian stocks fell on Wednesday, as technology shares, particularly chipmakers, were battered by a weak outlook from industry bellwether ASML. Cooling optimism…
MARKET UPDATE
Asia stocks rise tracking Wall Steet. Most Asian stocks rose on Tuesday tracking record highs on Wall Street as the third-quarter earnings season approached, while Chinese stocks fell amid waning…
MARKET UPDATE
Chinese stocks rise. Chinese stocks brushed off initial volatility and clocked strong gains on Monday, rising even as the government provided middling cues on fiscal stimulus and as inflation data…
MARKET UPDATE
European stocks mixed. European stock markets traded in a lackluster fashion Thursday, with investors wary ahead of the release of key US inflation data. At 03:05 ET (07:05 GMT), the…
MARKET UPDATE
Asia stocks rise on tech gains. Most Asian stocks rose on Wednesday with technology shares tracking gains in their U.S. peers, while Chinese markets fell sharply as investors were disappointed…
MARKET UPDATE
Oil retreats as investors pare bets on Middle East war. Oil prices fell more than $1 a barrel on Tuesday as traders took profits from a rally in the previous…
MARKET UPDATE
Oil edges up on Middle East conflict. Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle…
MARKET UPDATE
Dollar hits 6-week peak versus yen. The dollar scaled a more than six-week high versus the yen on Thursday as robustness in the U.S. jobs market reinforced bets the Federal…
MARKET UPDATE
Dollar firm as war widens in Middle East. The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe…
MARKET UPDATE
Dollar sturdy after Powell pushes back. The U.S. dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest…
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…
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…
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…