Gold prices rose slightly on Tuesday, steadying after a sharp drop in the prior session as anticipation of a Federal Reserve meeting and more cues on interest rates kept traders biased towards the dollar. Among industrial metals, copper prices sank further amid persistent concerns over slowing Chinese demand. The prospect of increased production from a…
Japanese stocks jumped on Tuesday as traders ramped up their bets ahead of crucial upcoming events, including Japan’s central bank meeting. The Nikkei 225 gained 0.15%, or 57.32 points, to close at 38,525.95. On Wednesday, the BOJ will outline plans to taper bond purchases and consider the timing of its next interest rate hike, marking…
European markets opened higher Tuesday, as earnings continue to dominate stock action and investors brace for U.K. and U.S. central bank decisions. The pan-European Stoxx 600 index was 0.24% higher at 8:05 a.m. in London, with most sectors in the green. Shares of Standard Chartered jumped 5.5% after the U.K. bank announced its biggest-ever share…
Japanese shares rise, with the Nikkei 225 Stock Average set for its first gain in two weeks, after a rally on Wall Street boosted demand for riskier assets, lifting exporters such as Tokyo Electron and Toyota Motor. Topix Index rose 1.9% to 2,749.59 as of 9:26 a.m. Tokyo time Nikkei 225 advanced 2.2% to 38,490.74 Tech firms…
Oil steadied near a six-week low as positive Chinese economic data helped ease concern over demand in the world’s biggest importer, before an OPEC+ meeting this week. Brent crude traded above $81 a barrel after falling 1.5% on Friday to notch a third weekly drop, with West Texas Intermediate near $77. Industrial profits in Asia’s largest…
Gold gained for a second day as markets digested the latest US inflation data ahead of a Federal Reserve meeting later this week, where policymakers are expected to set the stage for a September rate cut. Bullion rose as much as 0.7% in early Asian trading after closing 1% higher on Friday following a report that…
