Oct 31 2024, 08:53 The Hang Seng Index opened 0.4% higher at 20,468.09 in Hong Kong. Xiaomi Corp. contributed the most to the index gain, increasing 3.3%. China Mengniu Dairy Co. had the largest increase, rising 3.9%. In early trading, 36 of 82 shares rose, while 40 fell; 3 of 4 sectors were higher, led…
Oct 31 2024, 01:34 Gold topped $2,800 an ounce for the first time ever on Wednesday, but one analyst warned that the upward movement for prices may be “limited” going forward as strength in Treasury bond yields is a reminder to investors of the high opportunity cost of the non-yielding precious metal. The precious metal’s…
Oct 31 2024, 07:22 Oil rose for a second session after US crude inventories shrank, with the market monitoring the Middle East for any potential flare-up. West Texas Intermediate traded near $69 a barrel after advancing 2.1% on Wednesday, while Brent closed above $72. US stockpiles of crude, gasoline and distillate — a category that includes diesel —…
Oct 29 2024, 12:27 Stock futures are muted Monday night as investors readied for key corporate earnings releases, including reports from notable tech names. Dow Jones Industrial Average futures slipped 35 points, sitting slightly below flat. S&P 500 futures and Nasdaq 100 futures were also both little changed. Ford Motor slid about 6% after the…
Oct 29 2024, 07:29 Oil steadied after tumbling 6% on Monday, as the market focused on developments in the Middle East and upcoming US economic data. West Texas Intermediate was higher near $68 a barrel in early Asian trading, while Brent closed below $72 in the previous session. Israeli Prime Minister Benjamin Netanyahu said he…
Oct 29 2024, 10:05 Gold advanced toward a record as traders prepared for key data that will help to set the stage for the next Federal Reserve policy decision, while the countdown to the US presidential election continued. Bullion climbed above $2,756 an ounce as investors waited for inflation and payroll figures this week, with the…
