The dollar headed for a third daily drop and the yen rose to its highest in a month ahead of the US August payrolls report. Jobs data and a speech later Friday by Governor Christopher Waller on the economic outlook could help determine the magnitude of the Federal Reserve’s anticipated interest-rate cut later this month;…
Jan 13 2025, 08:46 Oil prices jumped on Friday as the U.S. Treasury Department announced sweeping sanctions against Russia’s oil industry. Brent gained $2.84, or 3.69%, to close at $79.76 per barrel, while U.S. crude oil advanced $2.65, or 3.58%, to settle at $76.57 per barrel. The benchmarks closed at their highest levels since October….
Oct 18 2024, 12:22 Gold price gains positive traction for the fourth successive day and jumps to a fresh all-time peak. Major central banks remain in rate-cut mode and continue to benefit the non-yielding XAU/USD. Middle East tensions and the US political uncertainty provide an additional boost to the commodity. Gold price (XAU/USD) prolongs its…
Nov 6 2024, 10:29 Oil slumped as traders monitored the US presidential election, and an industry report signaled a gain in stockpiles. Brent crude fell below $75 a barrel, with West Texas Intermediate near $71. With polls closed in more than two-thirds of states, Donald Trump had taken an early electoral lead over Kamala Harris, although the contest…
Sep 20 2024, 07:35 Japanese stocks rose as optimism the US economy will achieve a soft landing spurred appetite for riskier assets. Investors are awaiting the Bank of Japan’s policy decision Friday. The Topix gained 1.4% to 2,654.45 as of 9:09 a.m. Tokyo time, while the Nikkei 225 Stock Average advanced 1.9% to 37,861.76. Toyota Motor Corp. contributed the…
Oil was little changed after advancing last week, as traders weighed moves to crack down on Russian flows against forecasts for a surplus later in the year. Brent traded near $67 a barrel, after adding 2.3% last week, while West Texas Intermediate was below $63. US President Donald Trump reiterated calls that Europe must stop buying oil from…
