Asia-Pacific markets have extended gains on Wednesday after producer prices in the U.S. came in lower than expected for July. The producer price index — a measure of wholesale inflation — increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month’s reading,…
European stocks opened higher Tuesday, regaining some positive momentum after last week’s volatility. The Stoxx 600 index, the regional benchmark, was 0.4% higher at 8:07 a.m. London time. Financial services led gains, up 0.8%, while travel stocks slipped 0.86%. European stocks closed mixed on Monday as forthcoming U.S. and U.K. inflation data dominated investor attention….
Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key U.S. inflation data that could provide further insight into the Federal Reserve’s next policy decision. Spot gold fell 0.4% to $2,462.19 per ounce by 0259 GMT, after hitting its highest level since Aug….
The dollar index held steady around 103.1 on Tuesday as traders refrained from making big bets ahead of key US inflation figures this week that could confirm whether price growth has continued to stabilize. US producer inflation data will be released later on Tuesday and consumer inflation figures will follow on Wednesday. US retail sales…
Oil steadied after its first weekly gain since early July, with the market still waiting for Iran’s response to last month’s assassination of a Hamas leader in Tehran. Brent traded below $80 a barrel after rising almost 4% last week, while West Texas Intermediate was near $77. Tehran reiterated over the weekend its determination to punish Israel for…
The Hang Seng Index opened 0.4% lower at 17,019.84 in Hong Kong. Meituan contributed the most to the index decline, decreasing 2.4%. Galaxy Entertainment Group Ltd. had the largest drop, falling 4.2%. In early trading, 53 of 82 shares fell, while 27 rose; 3 of 4 sectors were lower, led by commerce and industry stocks….
