Oil held near a 10-month high as OPEC+ supply cuts tightened the global market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address an industry conference on the kingdom’s crude policy and outlook. Global benchmark Brent traded near $94 a barrel following a three-week run of gains that boosted...
Asia-Pacific markets slipped Monday as investors look ahead to a week of central bank decisions. The U.S. Federal Reserve’s decision is expected early Thursday in Asia, while Australia’s central bank will release its minutes for its Sept. 5 policy meeting on Tuesday. On Friday, the Bank of...
Gold was steady in Asia after rising 0.7% on Friday as US inflation expectations fell to the lowest in more than two years. The reading is likely to encourage Federal Reserve policymakers to reinforce expectations they will hold rates at this week’s meeting. However, the outlook for borrowing costs...
The U.S. dollar and most major currencies were flatlining in early trades on Monday, barring a blip in sterling, as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets. The Bank of Japan's policy meeting on Friday is...
Dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency's strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S....
Oil headed for a third weekly gain as the market continued to tighten on the back of supply curbs from Saudi Arabia and Russia. West Texas Intermediate edged higher on Friday after crossing the $90 a barrel mark on Thursday for the first time since November. The International Energy...
Stocks in Asia followed US benchmarks higher ahead of a slew of Chinese data, after strong US economic reports revived speculation the Federal Reserve will be able to engineer a soft landing. Equities in Australia rallied the most in two weeks while Japanese and Korean shares also climbed. Futures...
Gold headed for a second straight weekly decline as persistent inflationary pressures in the US increased the likelihood that the Federal Reserve will keep tightening monetary policy. On Thursday, data showed both the producer price index for final demand and retail sales grew more than expected. That followed the...
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,...