Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday, which drove a...
Gold steadied after dropping the most in more than a month on Tuesday as the dollar and Treasury yields jumped on bets US interest rates will stay higher for longer. Borrowing costs look set to remain elevated through the first quarter of next year whether or not the Federal...
Australia’s economy maintained momentum in the three months through June driven by strong export demand for goods and services, suggesting a still-solid impulse in the face of 12 interest-rate increases. Gross domestic product advanced 0.4% from the prior quarter, in line with economists’ estimates, Australian Bureau...
Hong Kong shares opened lower Wednesday, extending the previous day's losses following a sell-off on Wall Street fuelled by a surge in oil prices that revived inflation worries. The Hang Seng Index dipped 0.28 percent, or 51.82 points, to 18,405.09. The Shanghai Composite Index shed 0.23 percent,...
The yen erased an initial gain made against the dollar after Japan’s currency chief Masato Kanda stepped up verbal rhetoric to support the currency, though was still higher against other Group-of-10 peers. USD/JPY little changed at 147.75; it fell as much as 0.2% to 147.37 after...
Gold prices edged lower on Tuesday as the dollar stood firm near recent highs, although trading was fairly muted with markets looking for more cues on the U.S. Federal Reserve’s policy path after a widely expected interest rate pause this month. Spot gold was down 0.1%...
Oil steadied after hitting the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate was little changed above $85 a barrel after an initial surge as the week’s trading kicked off. Underlying metrics, including WTI’s prompt spread, have...
The dollar started Monday on a steady footing as investors assessed U.S. jobs data that showed some signs of cooling and bolstered expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Data on Friday showed U.S. job growth picked up...
Oil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate climbed for an eighth straight session, an advance that includes last week’s gain of more than 7%. Underlying metrics, including the US...
Gold held a weekly gain, after a US jobs report on Friday supported optimism the Federal Reserve is nearing the end of its tightening cycle. The data suggested the US labor market is undergoing a controlled cooling, illustrated by solid hiring, slower earnings growth and more people returning to...