Oil steadied after hitting the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate was little changed above $85 a barrel after an initial surge as the week’s trading kicked off. Underlying metrics, including WTI’s prompt spread, have...
The dollar started Monday on a steady footing as investors assessed U.S. jobs data that showed some signs of cooling and bolstered expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Data on Friday showed U.S. job growth picked up...
Oil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market. West Texas Intermediate climbed for an eighth straight session, an advance that includes last week’s gain of more than 7%. Underlying metrics, including the US...
Gold held a weekly gain, after a US jobs report on Friday supported optimism the Federal Reserve is nearing the end of its tightening cycle. The data suggested the US labor market is undergoing a controlled cooling, illustrated by solid hiring, slower earnings growth and more people returning to...
Asia-Pacific markets were mixed to start the week as investors look to key data from Australia and China later in the week. The Reserve Bank of Australia will release its rate decision on Tuesday, while China is expected to release its trade balance for August on...
The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six...
European stocks were little changed as investors await readings of a key US jobs data to get clues on the Federal Reserve’s policy outlook. The Stoxx Europe 600 Index was steady as of 8:05 a.m. in London, and on track for its best weekly gain since mid-July. Energy...
Oil headed for a weekly gain after Russia signaled that it would extend export curbs and US inventories dropped further. West Texas Intermediate was steady above $83 a barrel, almost 5% higher this week. Moscow has agreed with OPEC+ partners on further cuts to exports, with details to be...
Hong Kong shares shot higher at the start of trade Wednesday following another strong day on Wall Street fuelled by data that eased concerns about another Federal Reserve interest rate hike. The Hang Seng Index jumped 0.95 percent, or 175.93 points, to 18,659.96. The Shanghai Composite Index...
According to the latest data published by the Australian Bureau of Statistics (ABS) on Wednesday, Australia’s monthly Consumer Price Index (CPI) rose 4.9% in the year to July 2023, as against the annual increase of 5.4% seen in June. The market had expected an increase of...