U.S. stock futures climbed Thursday morning as traders prepared for the August producer price index, a measure of wholesale inflation. Futures tied to the Dow Jones Industrial Average added 47 points or 0.15%. S&P 500 futures ticked up 0.23%, while Nasdaq 100 futures inched 0.38% higher. During...
Australian jobs rebounded in August following a surprise drop while the unemployment rate held steady, suggesting the labor market is managing to cope with the Reserve Bank’s 12 interest-rate increases. The economy added 64,900 roles from the prior month, compared with estimates for a 25,000 gain,...
The dollar fell against most G-10 peers in view of Treasury yields, which extended declines as Fed bets remain unmoved by a beat in core US inflation for August. The Bloomberg Dollar Spot Index fell as much as 0.2% after ending lower on Wednesday. The yen led gains...
Gold steadied after falling for a second day, as fresh US inflation data indicated the Federal Reserve may implement further monetary tightening this year. The core consumer price index, which excludes food and energy costs, rose 0.3% in August from a month before, above the median economist forecast. Swaps traders now...
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...