Japanese equities are extending their rally after the Nikkei 225 reached a record high last week. Monday’s advance was led by gains in the wholesale trading sector after Berkshire Hathaway reported an unrealized gain in Japan’s five largest trading houses of $8 billion. Topix Index rose 0.4% to 2,671.78 as of 9:09 a.m. Tokyo time. Nikkei advanced 0.5% to…
Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to prevent escalation in the Israel-Gaza conflict. Brent crude futures were up 37 cents, or 0.5%, to $77.96 a barrel, while U.S. West…
Oil prices stabilised in early Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy and potential supply disruptions from ongoing tensions in the Red Sea. Brent crude slipped 1 cent, or 0.01%, to $75.88 a barrel by 0300 GMT, while U.S. West Texas Intermediate crude…
Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 48 cents, or 0.6%, at $77.63 a barrel at 0523 GMT on Friday, the last trading…
Oil steadied after posting the largest weekly advance in more than two months, with shipping disruptions in the Red Sea in focus after a spate of Houthi attacks against vessels in the vital waterway. West Texas Intermediate traded near $74 a barrel, after rallying by 3% in the prior week, the biggest advance since October. Ships…
Nikkei Japanese stocks rounded out a weekly gain after data showing cooling inflation added to the supportive environment for equities. Topix Index rose 0.4% to 2,336.43 as of market close Tokyo time. Nikkei advanced 0.1% to 33,169.05. Mitsubishi UFJ Financial Group Inc. contributed the most to the Topix Index gain, increasing 2.9%. Out of 2,154…
