Japanese stocks fell as the yen strengthened after Federal Reserve Chair Jerome Powell signaled the US central bank will begin cutting interest rates in September. Exporters including electric appliance makers led declines. Topix Index fell 0.9% to 2,661.41 as of market close Tokyo time. Nikkei declined 0.7% to 38,110.22. Toyota Motor Corp. contributed the most to the…
Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after U.S. Federal Reserve Chair Jerome Powell’s dovish remarks cemented expectations for a September rate cut. Spot gold was steady at $2,510.75 per ounce, as of 0544 GMT, after gaining more than 1% in the previous session. U.S. gold futures were…
Oil advanced as the Middle East braced for escalating conflict after an Israeli strike on Hezbollah targets in southern Lebanon. Global benchmark Brent rose above $79 a barrel, while US marker West Texas Intermediate climbed to near $75. Israel on Sunday morning sent more than 100 warplanes to take out thousands of Hezbollah missile launchers, after which the…
Japanese stocks rise as the yen held losses against the dollar from overnight, with investors on the lookout for comments from Bank of Japan Governor Kazuo Ueda and Federal Reserve Chair Jerome Powell. Topix Index rose 0.2% to 2,677.83 as of 9:25 a.m. Tokyo time Nikkei advanced 0.3% to 38,323.24 Recruit Holdings contributed the most to the…
Japanese stocks capped off the week with gains on Friday, even as Bank of Japan (BOJ) Governor Kazuo Ueda reiterated his intent to raise interest rates if inflation hits the 2% target. The Nikkei 225 rose 0.4%, or 153.26 points, closing at 38,364.27. The cautious stance comes amid ongoing concerns over a possible recession in…
Gold held a decline, after markets pared wagers on steep US interest-rate cuts ahead of a speech by Federal Reserve Chair Jerome Powell that may provide fresh clues on the central bank’s monetary-policy path. Focus is now on Powell’s address later Friday at the annual Jackson Hole symposium in Wyoming. Lower rates are generally positive for non-interest bearing…
