Oil held gains after capping the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023 and industry estimates pointed to another draw in US crude inventories. West Texas Intermediate edged higher toward $88 a barrel after posting nine...
Gold steadied after dropping Wednesday as stronger-than-expected US economic data triggered bets that the Federal Reserve could hike interest rates again this year. The market-implied odds of a quarter-point Fed rate increase in November climbed to more than 50% after US service-sector activity rose sharply. At the start of...
Japanese stocks drop, as the Topix snapped an eight-day winning streak, after US peers fell on stronger-than-expected economic data that might suggest a further US interest rate hike by the Federal Reserve. Topix fell 0.2% to 2,387.38 as of 9:02 a.m. Tokyo time Nikkei declined 0.2% to...
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 prices extended losses to hit their lowest level in a week on Wednesday as U.S. Treasury yields and the dollar strengthened on expectations that interest rates are likely to remain high. Spot gold was subdued at $1,925.70 per ounce by 0313 GMT, after posting its...
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%...