Japanese shares rise, with the Nikkei 225 Stock Average set for its first gain in two weeks, after a rally on Wall Street boosted demand for riskier assets, lifting exporters such as Tokyo Electron and Toyota Motor. Topix Index rose 1.9% to 2,749.59 as of 9:26 a.m. Tokyo time Nikkei 225 advanced 2.2% to 38,490.74 Tech firms…
Oil steadied near a six-week low as positive Chinese economic data helped ease concern over demand in the world’s biggest importer, before an OPEC+ meeting this week. Brent crude traded above $81 a barrel after falling 1.5% on Friday to notch a third weekly drop, with West Texas Intermediate near $77. Industrial profits in Asia’s largest…
Gold gained for a second day as markets digested the latest US inflation data ahead of a Federal Reserve meeting later this week, where policymakers are expected to set the stage for a September rate cut. Bullion rose as much as 0.7% in early Asian trading after closing 1% higher on Friday following a report that…
