Hong Kong scrapped morning trading of its $4.9 trillion stock market as the city extends a storm warning due to Super Typhoon Yagi, which skirted the region overnight as it headed for southern China. The city’s weather bureau issued its third-highest warning alert on Thursday evening, and reiterated early Friday that the Typhoon Signal 8 was expected…
The dollar index traded around 101.3 on Thursday after losing half a percent in the previous session, weighed down by growing expectations that the Federal Reserve will deliver a supersized 50 basis point rate cut later this month due to weak data. Markets are also pricing in about 125 bps in total easing this year,…
The yen strengthened while the dollar held on to its weakness as investors prepared for the Federal Reserve’s interest-rate cut later this month following another set of weak US jobs data. Japan’s Nikkei 225 gauge fell 0.4% as the yen advanced for a third day against the greenback, helped along by a surprise increase in real…
Silver price (XAG/USD) trades with a mild bearish bias near $28.25 on Thursday during the early Asian session. The modest recovery of the US Dollar (USD) weighs on the white metal. However, the rising speculation that the US Federal Reserve (Fed) will cut a deeper interest rate in its upcoming meeting this month might help…
Gold steadied just below $2,500 an ounce as investors took stock after a broad sell-off that rattled equity and commodity markets, with the weakness stoked by concerns about economic growth. Bullion was little changed after losing just 0.3% on Tuesday even as a gauge of the US dollar — a go-to asset at time of market…
Oil pushed lower after a loss of almost 5% on Tuesday as the possible easing of political unrest in Libya shifted focus back to concerns over global demand and OPEC+’s plan to boost production from October. Brent traded near $74 a barrel and West Texas Intermediate dropped below $70 for the first time since early January….
