Japanese stocks plummeted on Wednesday, tracking US market declines, as disappointing technology earnings overshadowed a yen rally to a six-week high ahead of a potential rate hike at next week’s central bank meeting. The Nikkei 225 dropped 1.11%, or 439.54 points, to 39,154.85. Traders had hoped tech earnings would extend the global stock rally, but…
Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 57 cents, or 0.67%, to $84.28 a barrel by 0630 GMT, while U.S. West Texas Intermediate…
Gold edged lower, as the dollar strengthened, following an attempted assassination attempt on Donald Trump over the weekend.The former president and Republican contender said he was shot in the right ear after gunfire erupted at a rally in Pennsylvania on Saturday, injecting more uncertainty into an already volatile campaign. Movements so far in wider financial markets suggest it may have…
Gold edges higher in the early Asian session on signs of demand from bullion ETFs. Inflows from these ETFs have started to emerge, and buying interest from them could become more pronounced into the quarter-end and year-end, Citi Research analysts say in a research report. Citi stays ‘constructive’ on physical uptake of gold over the…
Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street that saw the S&P 500 and the Nasdaq Composite closing at record highs overnight. Japan’s Nikkei 225 rose 1%, while the Topix inched up 0.27%. South Korea’s Kospi climbed 0.3% as shares of heavyweight Samsung Electronics gained 0.57%, even as the company’s largest union…
Oil steadied after the biggest gain in a week, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia. Global benchmark Brent traded below $87 a barrel after rising 1.6% on Monday, while West Texas Intermediate was near $82. OPEC+ delegates aren’t seeing a need to change supply policy at…
