Jan 7 2025, 09:02 Oil prices edged lower in Asian trade on Tuesday, extending losses from the previous session as weak U.S. and European economic data raised some questions about the demand outlook. But prices remained near three-month highs, boosted by bets that cold weather in the U.S. and Europe will help boost near-term demand….
Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and…
The Hang Seng jumped 496 points, or almost 2%, to end at 25,716 on Monday, halting a six-session slide as U.S. futures rose on growing expectations of a December Fed rate cut after dovish remarks from a senior Fed official. Markets rebounded from a five-week low, boosted by solid gains across sectors. The tech index…
Feb 19 2025, 04:00 Stocks fell slightly on Tuesday, with the S&P 500 struggling to reach an all-time high set a month ago, as traders weighed headwinds on global trade and inflation. The broad-market index fell 0.01%, while the Nasdaq Composite fell 0.5%. The Dow Jones Industrial Average fell 206 points, or 0.4%. Earlier on…
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…
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…
