Oil climbed toward a 10-month high after the International Energy Agency added to warnings of a supply shortfall. West Texas Intermediate traded near $89 a barrel, after dipping 0.4% on Wednesday. Demand will eclipse supply by 1.2 million barrels a day on average during the second half, the IEA projected...
Asia-Pacific markets rose across the board even as inflation in the U.S. inflation rate in August came in hotter than expected, at 3.7% compared to economists’ expectations of 3.6% in a Dow Jones survey. Month-on-month, the consumer price index rose 0.6% in August, in line with...
Gold is higher in early Asian trade after retreating overnight. In focus is the latest U.S. inflation data, which showed that consumer prices in August rose at the quickest pace in over a year. The figures suggest the Fed could stay on course to hold...
The dollar outperformed its Group-of-10 peers amid speculation the US inflation data for August will print stronger than expected and boost Treasury yields higher. The yen weakened. USD/JPY advanced 0.2% to 147.39, adding to Tuesday’s 0.3% rally. US August inflation data due later Wednesday; CPI is expected to...
Gold held near a two-week low before inflation data that’s expected to give a clearer picture of the US interest-rate path. The US CPI for August, to be released Wednesday, will provide evidence on the effectiveness of the Federal Reserve’s inflation-busting tightening campaign and whether further hikes are...
Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose...
Asian equities were mixed before US inflation data for August that may give a better guide on the future path for Federal Reserve interest rates. Oil traded near a 10-month high amid strains in global supplies. Stocks climbed in South Korea and Japan, but fell in Australia. Japanese equities were boosted...
Gold futures settled higher Monday for a second straight session, supported by a pullback in the U.S. dollar. Investors await Wednesday’s U.S. CPI data, which can provide clues on the Federal Reserve’s interest-rate decision later this month. “Gold could have a make-or-break moment this week, which...
The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week. Tesla (TSLA.O) rallied after Morgan Stanley upgraded the electric car maker to "overweight" from "equal-weight," saying its Dojo supercomputer could boost the...
Oil prices ended a bit lower on Monday, easing back after logging a more than 2% gain last week. While demand concerns continue to “headline downside risk” for oil, fundamental conditions remain undersupplied for now, as has been clear from strong draws to commercial U.S. crude...