Oil pushed lower for a second session as the market weighed a looming glut and the possibility for an end to hostilities in Gaza, which could siphon some of the war premium out of prices. West Texas Intermediate slipped toward $63 a barrel after tumbling 3.5% on Monday, the biggest drop since late June. Brent closed…
Japanese stocks closed lower on Tuesday (September 30) after minutes of the Bank of Japan (BOJ) meeting indicated the possibility of a future interest rate hike. The Nikkei 225 index fell 0.25%, or 111.12 points, to 44,932.63. The minutes of the September 18-19 meeting showed differing views among board members, with some supporting a rate…
Crude oil prices weakened again on Tuesday, recording their fifth consecutive decline. Pressure stemmed from growing concerns about a global oversupply that is expected to create a surplus in the fourth quarter of this year and into 2026. Brent crude slumped toward $66 per barrel, while West Texas Intermediate (WTI) moved closer to $62 per…
Silver prices strengthened on Monday, hitting a high above $44 a troy ounce, supported by a weakening US dollar and growing expectations of further interest rate cuts by the Federal Reserve. Market sentiment was also influenced by global political uncertainty, which boosted demand for safe-haven assets such as precious metals. Silver, which often follows gold,…
Gold prices hit another record high in Asia on Tuesday, reaching $3,749.27 per ounce. This increase occurred despite several Fed officials making cautious statements regarding the direction of monetary policy. Investors remain focused on the interest rate cut cycle that began last week, after the US central bank cut rates by 25 basis points. Investor…
The Hang Seng Index fell for the second day, dropping 0.7%, or 185.02 to 26,159.12 in Hong Kong. The index dropped to the lowest closing level since Sept. 11. Meituan contributed the most to the index decline, decreasing 2.8%. Baidu Inc. had the largest drop, falling 5.4%. Today, 67 of 88 shares fell, while 18…
