Based on the provided information, here's a summary of the current situation in the oil market: 1. Oil Price Decline: Oil prices, particularly West Texas Intermediate (WTI) and Brent crude, have been falling for the fourth consecutive day due to concerns in the macroeconomic landscape. These...
Gold steadied after falling 4% last week as a drop below $1,900 an ounce triggered outflows from exchange-traded funds. Hedge funds cut their bullish gold bets to a five-week low on Friday as bullion capped its worst week since June 2021. A surge in bond yields from the US to Germany...
The provided summary offers a concise overview of recent currency market developments, particularly highlighting the strength of the U.S. dollar and its influence on other major currencies. Here are the key takeaways from the summary: 1. **U.S. Dollar Strength and Yen Decline:** The U.S. dollar started...
The dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns. The euro largely held its ground after rebounding overnight, but was still...
Nikkei Japanese stocks dropped as shares went ex-dividend and investors continued to monitor the risk of higher interest rates. Topix fell 1.4% to 2,345.51 as of market close in Tokyo. Nikkei 225 declined 1.5% to 31,872.52. Out of 2,156 stocks in the Topix, 593 rose and 1,499 fell, while...
Inflation in Tokyo slowed for a third straight month in September, supporting the Bank of Japan’s view that prices are set to cool further. Consumer prices excluding fresh food rose 2.5% in the capital, decelerating from 2.8% in August, according to the ministry of internal affairs Friday. Economists...
Japanese equities were mixed as investors await the Friday release of the Fed’s preferred measure of inflation — the personal consumption expenditures price index. Topix Index fell 0.2% to 2,340.90 as of 9:06 a.m. Tokyo time Nikkei advanced 0.1% to 31,920.22 Mitsubishi UFJ Financial Group contributed the most to the...
Gold headed for its biggest weekly decline in eight months, with the higher-for-longer interest rate environment taking its toll on the precious metal. Bullion was steady on Friday after declining for the previous four sessions to below the $1,870-an-ounce mark that analysts had flagged as an important...
Oil was steady near $92 a barrel after dropping the most in eight weeks in the previous session on technical resistance and speculation the Saudis will start restoring output if prices get too high. West Texas Intermediate was subdued after a rollercoaster session on Thursday in which it...
Oil edged higher as a rapidly tightening market outweighed strength in the dollar and a risk-off tone in broader financial markets driven by the likelihood interest rates will stay higher for longer. West Texas Intermediate rose toward $91 a barrel after closing up 0.8% on Tuesday. The premium for near-term...