Oil held its largest gain in more than a week on rising tensions in the Middle East, with a fresh attack on shipping in the Red Sea prompting vessels to avoid the key shipping route. West Texas Intermediate traded above $75 a barrel after rising by 2.7% on Tuesday, with global benchmark Brent near $81. The…
Hong Kong shares edged up 51 points, or 0.2%, to 25,824 in Wednesday morning trade, reversing mild losses from the previous session after Wall Street’s S&P 500 closed at a fresh high overnight as data showed the U.S. economy grew at its fastest pace in two years. Investors weighed reports that China plans to step…
Gold held a decline, after markets pared wagers on steep US interest-rate cuts ahead of a speech by Federal Reserve Chair Jerome Powell that may provide fresh clues on the central bank’s monetary-policy path. Focus is now on Powell’s address later Friday at the annual Jackson Hole symposium in Wyoming. Lower rates are generally positive for non-interest bearing…
Harga emas turun di bawah level-level kunci pada hari Selasa (31/10) karena meredanya kekhawatiran atas perang Israel-Hamas melemahkan permintaan safe-haven, sementara antisipasi pertemuan Federal Reserve membuat para pedagang tetap bias terhadap dolar. Meskipun perang Israel-Hamas masih belum menunjukkan tanda-tanda deeskalasi, para pedagang mulai memperhitungkan premi risiko yang lebih rendah dari konflik tersebut, mengingat sejauh ini…
Oil pushed lower for a second session as the market weighed a looming glut and the possibility for an end to hostilities in Gaza, which could siphon some of the war premium out of prices. West Texas Intermediate slipped toward $63 a barrel after tumbling 3.5% on Monday, the biggest drop since late June. Brent closed…
Oct 11 2024, 13:30 Japanese shares gained on Friday after Deputy Governor Ryozo Himino reaffirmed the Bank of Japan’s readiness to raise rates if economic projections hold, despite the formation of a new government. The Nikkei 225 closed up 0.57%, adding 224.9 points to hit 39,605.80. Himino’s comments, echoing the central bank’s July stance, came…
