Economy

Oct 8 2024, 09:28 Oil declined following a five-day rally as traders monitored hostilities in the Middle East, and the prospect for further stimulus from China after the nation returned from a week-long holiday. Brent slid toward $80 a barrel after advancing almost 13% over the past five sessions, while West Texas Intermediate traded near $77….

Oct 7 2024, 09:13 The Hang Seng Index is higher on Monday with recent trading volumes posting exceptional numbers, even during China’s public holidays. This is a tailwind that investors can’t ignore. Moreover, China National Development and Reform Commission will be holding a press conference on Tuesday to discuss a package of incremental economic policies which is expected…

Oct 3 2024, 06:22 Oil rose for a third day as traders assessed supply risks in the Middle East, with Israel expected to make a retaliatory strike against Iran following Tehran’s missile barrage earlier this week. West Texas Intermediate climbed toward $71 a barrel after advancing almost 3% over the prior two sessions, while Brent closed…

Oct 2 2024, 02:36 Oil prices climbed about 3% on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel’s campaign against Tehran’s Hezbollah allies in Lebanon. Brent futures gained $1.86, or 2.6%, to settle at $73.56 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.66, or 2.4%,…

Oct 1 2024, 11:18 The Japanese Yen (JPY) continued to weaken for the second straight day after the release of the Bank of Japan (BOJ) Summary of Opinions from its September Monetary Policy Meeting, along with mixed economic data on Tuesday. The content of the summary indicated no immediate plans for additional interest rate hikes,…