Australia’s central bank is “vigilant” over upside risks to inflation and won’t hesitate to raise interest rates further if needed, Governor Michele Bullock said, reinforcing her hawkish rhetoric from earlier this week. “I know this is not what people want to hear,” Bullock said Thursday in a speech in her hometown of Armidale in northern New South Wales. “But…
Oil rose, after falling more than 2% on Tuesday, as an industry report pointed to a sizable drop in US crude stockpiles and tensions simmered in the Middle East. Brent crude climbed to around $81 a barrel, while West Texas Intermediate was below $79. The American Petroleum Institute reported inventories shrank by 5.2 million barrels last week, according…
Feb 20 2025, 13:57 Oil prices edged lower on Thursday after an industry report showing a build in U.S. crude stockpiles weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia. Brent futures were down 17 cents at $75.87 a barrel by 0600 GMT. U.S. West…
S&P 500 futures were marginally lower Tuesday night as investors waited in anticipation for chipmaker Nvidia’s quarterly earnings announcement Wednesday after the bell. Futures tied to the broad market index slipped 0.02%, while Nasdaq 100 futures dropped 0.14%. Dow Jones Industrial Average futures was trading close to the flatline In after-hours action, Nordstrom advanced 7%…
Japanese stocks capped off the week with gains on Friday, even as Bank of Japan (BOJ) Governor Kazuo Ueda reiterated his intent to raise interest rates if inflation hits the 2% target. The Nikkei 225 rose 0.4%, or 153.26 points, closing at 38,364.27. The cautious stance comes amid ongoing concerns over a possible recession in…
Silver traded above $40 an ounce for the first time since 2011 as expectations grew for an interest-rate cut by the Federal Reserve this month, boosting investor appetite for precious metals. Spot silver rose as much as 1.4% to $40.2920 an ounce on Monday, taking gains for this year to more than 40% in a rally…
