May 23 2025, 11:24 Oil prices extended declines in Asian trading on Friday and were on track for weekly losses, as renewed oversupply concerns emerged following a report that OPEC+ may be considering another increase in production levels. As of 21:36 ET (01:36 GMT), Brent Oil Futures expiring in July fell 0.5% to $64.11 per…
Silver (XAG/USD) edges higher on Tuesday, trading around $50.70 at the time of writing, up 1.00% on the day. The precious metal is supported by a broad risk-off tone across markets, with investors favoring safe-haven exposure as risk assets come under pressure. This cautious mood comes ahead of long-delayed US economic releases, most notably the…
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…
Japanese stocks advance as expectations of US rate cuts supported shares ranging from technology companies to trading firms. Topix Index rose 0.2% to 2,671.40 as of market close Tokyo time. Nikkei 225 advanced 0.7% to 38,211.01. Shin-Etsu Chemical contributed the most to the Topix’s gain, increasing 2.8%. Out of 2,132 stocks in the benchmark index, 1,295…
Dec 9 2024, 13:10 China’s consumer inflation shrank more than expected in November as recent stimulus measures did little to offset a stubborn deflationary trend, while producer inflation also contracted. Consumer price index inflation fell 0.6% month-on-month in November, government data showed on Monday. That was lower than expectations for a 0.4% decline and worse…
Oil prices rose in early trade on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. Brent crude futures were up 23 cents, or 0.3%, to $79.62 a barrel by 0121 GMT,…
