Oct 8 2024, 09:28 Oil declined following a five-day rally as traders monitored hostilities in the Middle East, and the prospect for further stimulus from China after the nation returned from a week-long holiday. Brent slid toward $80 a barrel after advancing almost 13% over the past five sessions, while West Texas Intermediate traded near $77….
Oct 7 2024, 14:18 Gold price drops to $2,640, holds above Friday’s post-NFP low and trading range support Gold price (XAU/USD) attracted fresh sellers on Monday and dropped to a fresh intraday low, around the $2,640 region heading into the European session. The US dollar (USD) hovered near a seven-week high as traders continued to…
Oct 7 2024, 09:13 The Hang Seng Index is higher on Monday with recent trading volumes posting exceptional numbers, even during China’s public holidays. This is a tailwind that investors can’t ignore. Moreover, China National Development and Reform Commission will be holding a press conference on Tuesday to discuss a package of incremental economic policies which is expected…
Oct 7 2024, 12:24 Oil prices opened lower this week as the market waits to see if Israel will retaliate against Tehran for last week’s missile strikes, with President Joe Biden not advocating for an attack on Iranian crude fields. Brent fell below $78 a barrel after surging the most since January 2023 last week,…
Oct 3 2024, 10:12 Hong Kong shares fell as investors hit pause on the Chinese equity rally, while Japanese stocks advanced after fresh weakness in the yen. A gauge of Hong Kong-listed Chinese companies dropped as much as 3.8%, halting a 13-day rally that was fueled by optimism over measures to stimulate the economy. Hong Kong’s Hang…
Oct 3 2024, 07:11 Gold was steady after a modest decline as stronger-than-expected US jobs data damped optimism the Federal Reserve’s would do another half-point rate cut at its next meeting. Bullion was near $2,660 an ounce after closing down 0.2% on Wednesday. Nonfarm payrolls numbers due Friday are the next gut check on the health of the US economy,…
