Sep 18 2024, 07:02 Gold edged higher after slipping from a record high on Monday ahead of the Federal Reserve’s long-awaited pivot to lower borrowing costs. Bullion traded near $2,570 an ounce, after falling 0.5% in the previous session following a report that showed and increase in US retail sales. The data did little to resolve the…
Jan 2 2025, 13:14 Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China’s economy and fuel demand following a pledge by President Xi Jinping to promote growth. Brent crude futures rose 17 cents, or 0.06%, to $74.82 a barrel by…
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…
The Nikkei index opened up around 0.2% to 50,707.54, following positive sentiment on Wall Street after the Fed cut interest rates. Today’s gains were led by financial and trading house stocks; Dai-ichi Life Holdings rose around 2.4%, while Sumitomo Corp. gained around 2.5%, reflecting a return to risk appetite in the Japanese stock market. On…
Jan 16 2025, 08:45 Producer prices in Japan increased by 3.8% yoy in December 2024, keeping the same pace as in the previous month and aligning with market consensus. It was the 46th straight month of producer inflation, remaining at its highest level since June 2023, as cost continued to grow for transport equipment (1.7%…
Penurunan ekspor Tiongkok yang secara tak terduga semakin parah pada bulan Oktober, menggarisbawahi rapuhnya pemulihan ekonomi yang selama ini berusaha distabilkan. Pengiriman ke luar negeri turun 6,4% dari tahun lalu, lebih buruk dari perkiraan penurunan 3,5% oleh para ekonom dalam survei Bloomberg. Impor secara mengejutkan meningkat sebesar 3%, berbeda dengan ekspektasi penurunan sebesar 5%. Surplus…
