Sep 20 2024, 06:38 Oil was on track for the biggest weekly advance since February after a steep interest-rate cut by the Federal Reserve, while traders continued to monitor simmering tensions in the Middle East. West Texas Intermediate traded near $72 a barrel, and was up almost 5% for the week. Brent closed below $75 on…
Sep 20 2024, 07:35 Japanese stocks rose as optimism the US economy will achieve a soft landing spurred appetite for riskier assets. Investors are awaiting the Bank of Japan’s policy decision Friday. The Topix gained 1.4% to 2,654.45 as of 9:09 a.m. Tokyo time, while the Nikkei 225 Stock Average advanced 1.9% to 37,861.76. Toyota Motor Corp. contributed the…
Sep 20 2024, 06:50 Gold steadied near a record high, with markets assessing healthy US jobs data released a day after the Federal Reserve kicked off its monetary-easing cycle with a 50-basis-point cut. Bullion was on track for small weekly gain after closing 1.1% higher on Thursday, following a report that showed a slide in jobless…
Sep 19 2024, 10:40 Hong Kong stocks rose to their highest level this month after the Federal Reserve cut the benchmark interest rate by a half-point. The Hang Seng Index climbed 1.1 per cent to 17,854.58 as of 10.47am local time. The Hang Seng Tech Index rallied 2.5 per cent and the Shanghai Composite Index…
Sep 19 2024, 06:55 Gold was steady following a tumultuous session in which it touched a record high after the Federal Reserve cut rates by 50 basis points, before retreating as Chair Jerome Powell signaled policymakers aren’t in a rush to ease aggressively. Bullion traded near $2,560 an ounce, after slipping 0.4% on Wednesday. While the…
Sep 19 2024, 07:02 Oil slipped for a second session as signs of weak US demand offset a steep interest rate cut from the Federal Reserve and escalating tensions in the Middle East. West Texas Intermediate declined toward $70 a barrel after losing 0.4% on Wednesday, while Brent closed below $74. US gasoline demand dropped further below 9…
