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...
Oil advanced for a fifth day on signs of another substantial draw in US inventories and a buoyant mood across wider markets. West Texas Intermediate rose above $81 a barrel, on course for the longest winning streak since March. US stockpiles tumbled by 11.5 million barrels, according to...
Gold was steady after jumping to the highest in three weeks on speculation that the Federal Reserve is nearing the end of its tightening campaign. Treasury yields slumped to the lowest levels in more than a week after data on Tuesday showed US job openings fell by more than...
The dollar was tentative on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen struggled near levels that triggered intervention last year. The dollar index, which measures U.S. currency against six key rivals, eased 0.077% at...
The GBP/USD pair gains some positive traction for the second successive day on Tuesday and recovers further from its lowest level since June 13, around the 1.2550-1.2545 area touched last week. Spot prices trade around the 1.2620-1.2625 zone during the Asian session, up over 0.15%...
Hong Kong shares opened with fresh gains Tuesday, extending a global rally as investors await the release of key US inflation and jobs data later in the week. The Hang Seng Index rose 0.72 percent, or 130.95 points, to 18,261.69. The Shanghai Composite Index shed 0.22 percent,...