Feb 21 2025, 03:57 Oil prices closed higher on Thursday, marking a third straight day of gains, after data showed a decline in U.S. gasoline and distillate draws, while concerns about supply disruptions in Russia also supported prices. Brent crude futures settled up 44 cents, or 0.58%, at $76.48 a barrel. U.S. West Texas Intermediate…
Feb 21 2025, 04:04 Gold prices pared some gains on Thursday after hitting another record high, but remained supported by a weaker dollar on concerns about the economy and U.S. tariffs. Spot gold rose 0.1% to $2,937.13 an ounce, but had hit a record high of $2,954.89 an ounce earlier in the session. Gold futures…
Feb 21 2025, 04:32 The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, extended its decline on Thursday, sliding near 106.30. The decline followed US President Donald Trump’s announcement of potential progress on a trade deal with China, which offered markets a temporary reprieve from tariff…
Feb 20 2025, 14:25 (Hong Kong) Morgan Stanley strategists have shifted their stance on Chinese equities, moving from long-standing scepticism to cautious optimism. This notable pivot aligns with Wall Street peers, as expectations grow for a sustainable rally driven by advancements in artificial intelligence and regulatory reforms. The firm’s strategists, led by Laura Wang, now…
Feb 20 2025, 13:57 Oil prices edged lower on Thursday after an industry report showing a build in U.S. crude stockpiles weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia. Brent futures were down 17 cents at $75.87 a barrel by 0600 GMT. U.S. West…
Feb 20 2025, 14:03 European markets are expected to open higher Thursday as investors monitor earnings reports from a raft of major European companies. The U.K.’s FTSE 100 index is expected to open 10 points higher at 8,696, Germany’s DAX up 49 points at 22,475, France’s CAC up 16 points at 8,118 and Italy’s FTSE…
