The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets. While currency market focus will mostly center on global central bank decisions scheduled for the next two weeks, investors are also watching for any developments in U.S.-China trade negotiations. Markets generally expect central banks to either cut rates or keep policy accommodative, starting with...
Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10. Source: AFP
Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices. MSCI™s broadest index of Asia-Pacific shares outside Japan was down 0.1%. South Korea's shed 0.3%, Australian stocks lost 0.2% and Japan's Nikkei fell 0.5%. Global equity markets had risen briefly towards the end of last week after dovish comments by New York...
Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude futures were up 51 cents, or 0.8%, at$62.98 a barrel by 0042 GMT. The international benchmark rose to as high as $63.47 earlier. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.3%, at $55.78. WTI fell over 7% and Brent fell more than 6% last week. Iran™s Revolutionary Guards said they had captured a...
Hong Kong stocks opened lower Monday morning following a negative lead from Wall Street on fading hopes for a deep Federal Reserve interest rate cut. The Hang Seng Index eased 0.53 percent, or 153.12 points, to 28,612.28. But the benchmark Shanghai Composite Index edged up 0.05 percent, or 1.59 points, to 2,925.79 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.14 percent, or 2.26 points, to 1,562.53. Source : AFP
Gold slipped as equities rose and investors await the outcome of the U.S. Federal Reserve™s meeting later Wednesday, with the central bank widely expected to join its European counterpart in striking a dovish tone.
Bullion for immediate delivery fell 0.2% to $1,343.52 an ounce at 10:18 a.m. in Singapore as Asian stocks built on gains in global shares. The metal jumped as much as 1.1% on Tuesday to near the 14-month high reached last week after indications of more stimulus from the European Central Bank. Holdings in gold-backed exchange-traded funds expanded to the highest since February.
Gold has climbed since late May on bets the Fed may lower interest rates amid signs that the U.S. economy is being impacted by the fallout from escalating trade disputes. While investors are agitating for the central bank to shift, economists don™t see a move this week and are divided on whether officials will cut at all in 2019. Bullion™s rally also faces headwinds from thawing U.S.-China trade tensions after the countries said their presidents will meet in Japan next week to relaunch trade talks after a monthlong stalemate.
Source : Bloomberg
Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their first intraday climb above $1,450 an ounce in six y...
Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold...
Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish signals on monetary policy from the U.S. Federal Res...
Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals g...
Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals g...
The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets. While currency market focus will mostly center on global central bank decisions scheduled for the next two weeks, investors are also watching for any developments in U.S.-China trade negotiations. Markets generally expect central banks to either cut rates or keep policy accommodative, starting with...
Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10. Source: AFP
Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices. MSCI™s broadest index of Asia-Pacific shares outside Japan was down 0.1%. South Korea's shed 0.3%, Australian stocks lost 0.2% and Japan's Nikkei fell 0.5%. Global equity markets had risen briefly towards the end of last week after dovish comments by New York...
Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude futures were up 51 cents, or 0.8%, at$62.98 a barrel by 0042 GMT. The international benchmark rose to as high as $63.47 earlier. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.3%, at $55.78. WTI fell over 7% and Brent fell more than 6% last week. Iran™s Revolutionary Guards said they had captured a...
Hong Kong stocks opened lower Monday morning following a negative lead from Wall Street on fading hopes for a deep Federal Reserve interest rate cut. The Hang Seng Index eased 0.53 percent, or 153.12 points, to 28,612.28. But the benchmark Shanghai Composite Index edged up 0.05 percent, or 1.59 points, to 2,925.79 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.14 percent, or 2.26 points, to 1,562.53. Source : AFP