Oil prices continued to rise on Tuesday after OPEC+ increased November production by only 137,000 bpd, less than expected. Concerns about oversupply have eased. Brent rose $0.23 (0.35%) to $65.70/barrel at 03:56 GMT, while WTI rose $0.21 (0.34%) to $61.90. The day before, both contracts had closed up more than 1% following the OPEC+ decision,…
Gold hit a new record on Tuesday as the US Congressional deadlock showed no signs of ending and the market was almost certain to price in an interest rate cut this month. Spot gold rose 0.4% to $3,974.09/oz at 04:46 GMT—near the intraday record of $3,977.19—while December futures rose 0.5% to $3,996.40. According to Kelvin…
Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty & Development is 4.6% higher. USD/JPY is at 150.43, compared with 150.13 as of Monday’s Tokyo stock market close….
Budget discussions in the United States Congress have reached another deadlock after overnight meetings failed to produce an agreement between Republicans and Democrats. This situation has pushed the partial federal government shutdown into its second week, raising concerns about domestic and global economic stability. The failure to reach an agreement occurred after the Senate rejected…
Japanese stocks are expected to move higher on Friday, following Wall Street’s record-breaking rally, fueled by OpenAI’s latest funding and eye-catching valuations. Nikkei futures on SGX rose 35 points to 45,050, signaling a positive opening. In the currency market, USD/JPY was at 147.14 (vs. 147.26 late Thursday in New York), indicating a relatively stable yen….
Oil prices are on track for their biggest weekly decline since late June ahead of the weekend OPEC+ meeting, which is expected to restore more idled supply, heightening concerns about oversupply. Brent is hovering around $64/barrel (down 8% on the week), while WTI is below $61. The producer alliance will meet online on Sunday to…
