Jul 8 2025, 11:18 The US Dollar Index (DXY) weakened and moved below the 97.50 level in Asian trading on Tuesday (9/7), after recording a surge of more than 1% in the previous session. The DXY had strengthened due to a surge in risk aversion following the announcement of new tariffs from the White House,…
World oil prices weakened again as the market began to worry about a global oversupply. Recent data showed that the volume of crude oil shipped by sea reached a record high, indicating that producers continue to increase volumes even as demand begins to slow. This has fueled concerns that the market will be flooded with…
Oil prices held weak after a sharp decline, amid cautious optimism that Middle East tensions are easing and global supply is likely to loosen. Brent traded near $65/barrel after falling 1.6% on Thursday, while WTI hovered below $62. Israel agreed to a framework deal that includes the release of hostages by Hamas in exchange for…
Hong Kong stocks opened higher on Tuesday, following Wall Street’s rally, amid hopes of fresh stimulus after a report showed China’s manufacturing activity remained weak. The Hang Seng Index rose 0.4% to 26,736.44, while Hang Seng Tech added 1%. Technology and e-commerce stocks led the gains, with Alibaba surging nearly 2%, JD.com rising 0.8%, and…
Oct 10 2024, 10:14 Gold rose above $2,610 per ounce on Thursday after falling for six consecutive sessions, ahead of the key US CPI data later today to seek further cues on the Fed’s interest rate outlook. Recently, gold prices had eased to its lowest level in nearly three weeks, weighed down by diminishing expectations…
China industrial production beat expectations last month, though its boost from favorable comparisons to a Covid-hit period in 2022 means that result is unlikely to quell concerns about growth next year. Industrial output rose 6.6% last month from a year earlier, the National Bureau of Statistics said Friday, versus a median estimate for a 5.7% increase. Retail…
