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…
Sep 18 2024, 07:46 Japanese stocks rose, halting a two-day slump, as weakness in the yen provided a boost to automakers and tech companies. Topix rose 0.7% to 2,574.69 as of 9:19 a.m. Tokyo time. Nikkei 225 advanced 1% to 36,569.17. Toyota Motor contributed the most to the Topix’s gain, increasing 2.7% after the yen weakened more…
Sep 18 2024, 06:36 Oil steadied after closing at the highest in more than two weeks as traders assessed rising tensions in the Middle East, a mixed US stockpiles report, and the likely course of Federal Reserve interest-rate policy. West Texas Intermediate traded above $71 a barrel after rising by nearly 4% in the prior two…
Sep 18 2024, 07:02 Gold edged higher after slipping from a record high on Monday ahead of the Federal Reserve’s long-awaited pivot to lower borrowing costs. Bullion traded near $2,570 an ounce, after falling 0.5% in the previous session following a report that showed and increase in US retail sales. The data did little to resolve the…
Sep 17 2024, 09:03 The dollar index held its recent decline to around 100.7 on Tuesday, hovering near its lowest levels in 14 months ahead of the Federal Reserve’s two-day policy meeting, where it is expected to deliver an outsized rate cut. Markets are currently pricing in a 67% chance that the Fed will lower…
Sep 17 2024, 06:53 Oil climbed for a second session as an increase in bets the Federal Reserve will opt for a lager interest-rate cut this week aided wider market sentiment and offset signs of flagging demand. West Texas Intermediate traded above $70 a barrel after rising 2.1% on Monday, with Brent closing near $73. Opinion remains divided…
