The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war. The dollar index stood almost flat at 97.704 in early Asian trade on Monday, after rising 0.3% on Friday. The euro traded at $1.10575 , after hitting a one-week low of $1.10395 on Friday. The dollar changed hands at 108.57 yen . It had lifted to 108.92 yen on the U.S. jobs data before losing...
Tokyo stocks opened higher on Monday extending rallies on Wall Street after strong jobs data, as investors closely watched key events this week including central bank meetings and the UK elections. The benchmark Nikkei 225 index climbed 0.34 per cent or 79.11 points to 23,433.51 in early trade, while the broader Topix index was up 0.36 per cent or 6.11 points at 1,719.47. Source : AFP
Oil retreated from a 12-week high as optimism spurred by Saudi Arabia's surprise output cut was overshadowed by demand concerns. West Texas Intermediate for January delivery fell 28 cents, or 0.5%, to $58.92 a barrel on the New York Mercantile Exchange as of 9:47 a.m. in Singapore. The contract closed at $59.20 on Friday, the highest since Sept. 17. It climbed 7.3% last week, the most since mid-June. Brent for February settlement dropped 23 cents, or 0.4%, to $64.16 a barrel on the...
Hong Kong stocks edged up at the start of business on Monday following a blockbuster US jobs report and on lingering hopes for the China-US trade talks. The Hang Seng index added 0.06 per cent, or 15.60 points, to 26,513.97. The benchmark Shanghai Composite Index added 0.08 per cent, or 2.45 points, to 2,914.46 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.23 per cent, or 3.83 points, to 1,644.16. Source : AFP
Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets. Job gains roared back in November and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Payrolls jumped 266,000 last month, the most since January, according to a government report that topped all forecasts in a Bloomberg survey. In focus this week are the Fed™s and...
Crude oil prices rose on Wednesday, even as a lower-than-expected draw in U.S. oil inventories added to fears of a looming glut in global supplies.
On the New York Mercantile Exchange crude futures rose $1.09, or 1.94% to settle at $57.34 a barrel, while on London's Intercontinental Exchange, Brent settled up $1.42, or 2.3%, to $63.82 a barrel.
A report from the Energy Information Administration (EIA) showed crude stockpiles fell 1.1. million barrels in the week ended June 28, below expectations of a draw of about 2.96 million barrels.
Gasoline inventories fell by roughly 1.58 million barrels against expectations of a draw of 2.17 million barrels, while distillate stockpiles unexpectedly rose by 1.58 million barrels, compared to expectations of a decline of 2.16 million barrels.
The less-than-expected draw in crude stockpiles was blamed on a rebound in crude imports, stoking concerns that supplies could enter a surplus amid fears of slowing oil-demand growth.
Source : Investing.com
Oil retreated from a 12-week high as optimism spurred by Saudi Arabia's surprise output cut was overshadowed by demand concerns. West Texas Intermediate for January delivery fell 28 cents, or 0....
Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum...
Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna. The Organization of the Petroleum Exporting Countries (OPEC) and allies includin...
Oil futures ended on a mixed note Thursday, with U.S. prices settling unchanged for the session and global prices higher, as traders awaited a decision on output from major oil producers, following re...
Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that O...
The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war. The dollar index stood almost flat at 97.704 in early Asian trade on Monday, after rising 0.3% on Friday. The euro traded at $1.10575 , after hitting a one-week low of $1.10395 on Friday. The dollar changed hands at 108.57 yen . It had lifted to 108.92 yen on the U.S. jobs data before losing...
Tokyo stocks opened higher on Monday extending rallies on Wall Street after strong jobs data, as investors closely watched key events this week including central bank meetings and the UK elections. The benchmark Nikkei 225 index climbed 0.34 per cent or 79.11 points to 23,433.51 in early trade, while the broader Topix index was up 0.36 per cent or 6.11 points at 1,719.47. Source : AFP
Oil retreated from a 12-week high as optimism spurred by Saudi Arabia's surprise output cut was overshadowed by demand concerns. West Texas Intermediate for January delivery fell 28 cents, or 0.5%, to $58.92 a barrel on the New York Mercantile Exchange as of 9:47 a.m. in Singapore. The contract closed at $59.20 on Friday, the highest since Sept. 17. It climbed 7.3% last week, the most since mid-June. Brent for February settlement dropped 23 cents, or 0.4%, to $64.16 a barrel on the...
Hong Kong stocks edged up at the start of business on Monday following a blockbuster US jobs report and on lingering hopes for the China-US trade talks. The Hang Seng index added 0.06 per cent, or 15.60 points, to 26,513.97. The benchmark Shanghai Composite Index added 0.08 per cent, or 2.45 points, to 2,914.46 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.23 per cent, or 3.83 points, to 1,644.16. Source : AFP
Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets. Job gains roared back in November and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Payrolls jumped 266,000 last month, the most since January, according to a government report that topped all forecasts in a Bloomberg survey. In focus this week are the Fed™s and...