Gold and copper were steady ahead of a Federal Reserve policy decision amid expectations that US interest rates will stay higher for longer. While Chair Jerome Powell and his colleagues are expected to hold borrowing costs steady later Wednesday in a bid to curb inflation, traders are focusing on...
Oil prices rose in early trade on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. U.S. West Texas Intermediate crude futures rose 90 cents,...
Gold was steady after three days of gains as investors wait for interest rate decisions by major central banks. Monetary policy will be determined at key meetings across half of the Group of 20, with the US Federal Reserve paving the way from Wednesday. Rates across developed economies are...
Australia’s central bank considered the case for raising interest rates this month, but decided to leave them unchanged for a third straight meeting, underscoring a higher hurdle to further policy tightening. The Reserve Bank opted to stand pat amid concerns its rapid-fire hikes since May 2022...
Hong Kong stocks edged up in the opening minutes of Tuesday's trade, with investors biding their time ahead of the Federal Reserve's highly anticipated policy meeting later in the week. The Hang Seng Index gained 0.06 percent, or 11.52 points, to 17,942.07. The Shanghai Composite Index dipped...
The euro clung to gains on Tuesday following hawkish comments from European Central Bank (ECB) policymakers, while the yen languished near a 10-month low ahead of a key rate decision from the Bank of Japan (BOJ) later in the week. Currency moves were subdued in early...
Asia-Pacific markets are mixed as traders look to minutes from the Reserve Bank of Australia for its policy meeting on Sept. 5. The minutes will detail how the RBA came to hold its benchmark policy rate at 4.1%, the third straight month that it has done...
U.S. stock futures were a tad firmer on Monday, but caution prevailed as bond yields rose and traders looked ahead to Wednesday’s Fed comments. S&P 500 futures rose 6 points, or 0.1% to 4504 Dow Jones Industrial Average futures added 41 points, or 0.1% to 34968 Nasdaq 100...
A gauge of the dollar edged lower after capping its first weekly loss since July as traders took to the sidelines ahead of a slew of policy rate decisions due this week. The Federal Reserve is set to announce its rate decision on Wednesday, followed by...
Gold extended gains after rising by the most in three weeks on Friday as US inflation expectations fell to the lowest in more than two years. The reading is likely to encourage Federal Reserve policymakers to reinforce expectations they will hold rates at this week’s meeting. However, the outlook...