Sep 27 2024, 11:42 Shares in Hong Kong jumped 541 points or 2.7% to 20,476 in early trade on Friday, extending a rally from the prior session and notching their highest level in 19 months after China, as flagged by PBoC Governor Pan Gongsheng earlier this week, cut RRR by 50bps, the second reduction this…
Sep 25 2024, 07:44 Japanese stocks fluctuated as tech shares followed their US peers higher on a report Nvidia’s chief executive officer was done selling shares. Banks declined after long-term Treasury yields dropped overnight. Topix fell 0.1% to 2,653.09 as of 9:16 a.m. Tokyo time. Nikkei 225 advanced 0.1% to 37,990.03. Mitsubishi UFJ Financial Group contributed the…
Sep 19 2024, 07:02 Oil slipped for a second session as signs of weak US demand offset a steep interest rate cut from the Federal Reserve and escalating tensions in the Middle East. West Texas Intermediate declined toward $70 a barrel after losing 0.4% on Wednesday, while Brent closed below $74. US gasoline demand dropped further below 9…
Sep 17 2024, 09:03 The dollar index held its recent decline to around 100.7 on Tuesday, hovering near its lowest levels in 14 months ahead of the Federal Reserve’s two-day policy meeting, where it is expected to deliver an outsized rate cut. Markets are currently pricing in a 67% chance that the Fed will lower…
Sep 17 2024, 06:53 Oil climbed for a second session as an increase in bets the Federal Reserve will opt for a lager interest-rate cut this week aided wider market sentiment and offset signs of flagging demand. West Texas Intermediate traded above $70 a barrel after rising 2.1% on Monday, with Brent closing near $73. Opinion remains divided…
Sep 16 2024, 07:13 Oil was steady as traders weighed slumping Libyan crude exports against a deepening slowdown in top importer China. Brent traded near $72 a barrel after a modest gain last week, while West Texas Intermediate climbed toward $69. Libya’s exports have declined as talks led by the United Nations failed to break an impasse over…
