Oct 21 2024, 16:19 The Hang Seng Index tumbled 326 points or 1.6% to close at 20,478 on Monday, following a 3.6% surge in the previous session. Losses were broad-based, with tech, consumers, and financials burdening the index. Traders were unimpressed by a 25bps cut to both the one-year and five-year loan prime rates in…
Oct 18 2024, 12:22 Gold price gains positive traction for the fourth successive day and jumps to a fresh all-time peak. Major central banks remain in rate-cut mode and continue to benefit the non-yielding XAU/USD. Middle East tensions and the US political uncertainty provide an additional boost to the commodity. Gold price (XAU/USD) prolongs its…
Oct 18 2024, 07:13 Oil steadied, after notching its first gain in five sessions, with eyes on developments in the Middle East after the death of Hamas leader Yahya Sinwar. West Texas Intermediate held near $72 a barrel, while Brent settled at around $74. The killing of Sinwar by Israeli soldiers led President Joe Biden to renew calls for…
Oct 18 2024, 15:21 The STOXX 50 rose 0.1% and the STOXX 600 was little changed on Friday, as traders digested lackluster economic data from China, the prospect that the ECB will continue to cut interest rates at its upcoming meeting and fresh corporate results. EssilorLuxottica was among the worst performers, down 1.8% after its…
Oct 17 2024, 10:13 Hong Kong stocks jumped 227 points, or 1.1%, to 20,509 during the morning session on Thursday, marking their first gain in four sessions. The gains followed an upbeat session on Wall Street overnight, amid a recovery in the U.S. tech sector, falling Treasury yields and a steady stream of earnings reports….
Oct 17 2024, 07:51 Gold was steady in early Asian trade ahead of key US economic data due later in the day. Investors are looking to data such as retail sales and weekly jobless claims for fresh insights into the Fed’s monetary policy trajectory, Bas Kooijman, CEO and asset manager at DHF Capital S.A., said…
