Oct 17 2024, 07:01 Oil inched up as traders weighed potential supply risks from the Middle East against a weak outlook for global demand. West Texas Intermediate rose toward $71 after slipping 0.3% on Wednesday, while Brent closed above $74. Israel stepped up air strikes on Lebanon, while Iran reported an oil leak near a key terminal, heightening attention on the…
Oct 16 2024, 06:57 Oil climbed after slumping by more than 4% on Tuesday — as Israel said it would make its own decision on how to attack Iran, keeping open the possibility that energy infrastructure may be targeted. West Texas Intermediate rose above $71 a barrel, after sinking in the prior session after a report…
Oct 16 2024, 08:17 Asia Pacific markets opened lower on Wednesday, with Japan’s Nikkei leading declines, following a decline on Wall Street. Investors will be watching for more stimulus measures to support China’s real estate sector as its housing minister will hold a press conference at 10 a.m. local time on Thursday, the State Council…
Oct 16 2024, 10:55 Most Asian stocks fell on Wednesday, as technology shares, particularly chipmakers, were battered by a weak outlook from industry bellwether ASML. Cooling optimism over Chinese stimulus measures also weighed, with Chinese markets mostly extending steep losses from the prior session. Regional markets took a weak lead-in from Wall Street, as a…
Oct 11 2024, 14:12 The Japanese Yen (JPY) weakened against its US counterpart on Friday and halted the previous day’s recovery from its lowest level since early August. Japanese Prime Minister Shigeru Ishiba’s blunt comments on monetary policy, coupled with the first decline in Japanese real wages in three months, a decline in household spending,…
Oct 11 2024, 13:12 Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants awaited the U.S. Producer Price Index report for further direction. Spot gold rose 0.5% to $2,641.70 per ounce by 0245 GMT but was down about 0.4% for the week….
