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...
Hong Kong opened with big losses Monday morning as investors returned from an extended weekend to play catch-up with a sell off last week fuelled by US interest rate worries. The Hang Seng Index sank 1.43 percent, or 260.42 points, to 17,941.65. The Shanghai Composite Index edged...
The yen advanced against all Group-of-10 currencies and government bonds slumped as traders reacted to potentially hawkish comments from Bank of Japan Governor Kazuo Ueda on the negative interest rate policy. Japanese bank shares also jumped after Ueda told the Yomiuri newspaper it’s possible the BOJ will have enough information...
Gold was steady ahead of a key US consumer-price index report due midweek, which will help inform the outlook for the Federal Reserve’s interest rate path. The figures are expected to show the biggest monthly jump in 14 months, as the US economy appears to be holding up against...
Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate traded near $87 a barrel after a 2.3% advance last week. The 9-day relative strength index for WTI has been above a level signaling...
Most Asia-Pacific markets were mostly lower at the start of a week where key economic data from major economies will take center stage. On Tuesday, India will release its inflation and industrial output figures for August, while China will announce its industrial output, retail sales, and...
The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a...
A gauge of the dollar dipped for the first time in four days with Federal Reserve officials set to enter a blackout period ahead of this month’s policy meeting. The Bloomberg Dollar Spot Index declined 0.1% after rising 1% in the last three days. The blackout...
Gold headed for a weekly loss, after solid US data in recent days reinforced the case for the Federal Reserve to keep rates elevated, denting the precious metal’s allure. A higher-for-longer rate environment is now looking increasingly likely after applications for US unemployment benefits fell to the lowest level...
U.S. stocks finished mostly lower on Thursday with the Nasdaq Composite leading the way down as investor sentiment cratered in the face of concerns that the Federal Reserve may keep interest rates higher for longer. The technology-heavy Nasdaq fell 123 points, or 0.9%, to end at...