Global

Oct 24 2024, 03:12 Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident about strong rate cuts from the Federal Reserve, while corporate news pressured McDonald’s and Coca-Cola. Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the…

Oct 22 2024, 08:03 Oil steadied after surging almost 2% on Monday as traders tracked tensions in the Middle East, and broader markets carried a risk-off tone. US benchmark West Texas Intermediate was little changed just above $70 a barrel, while Brent closed near $74 in the week’s opening session. Traders are waiting to see…

Oct 22 2024, 10:32 Asian markets open lower after major US indexes decline; India braces for Hyundai debut, Asia-Pacific markets fell on Tuesday, following a mixed session on Wall Street. Australia’s S&P/ASX 200 started the day down 1.2%, while South Korea’s Kospi fell 0.82% and the small-cap Kosdaq dropped 1.40%. In contrast, Japan’s benchmark Nikkei…

Oct 21 2024, 14:11 Oil gained – after losing almost 8% last week – as traders tracked tensions in the Middle East that pose a potential threat to supplies, and China moved to beef up aid for the economy in the largest importer. Global benchmark Brent rose above $73 a barrel, while West Texas Intermediate was near $70. On Saturday,…

Oct 18 2024, 15:21 The STOXX 50 rose 0.1% and the STOXX 600 was little changed on Friday, as traders digested lackluster economic data from China, the prospect that the ECB will continue to cut interest rates at its upcoming meeting and fresh corporate results. EssilorLuxottica was among the worst performers, down 1.8% after its…