Japanese shares rose on Monday as signs of an economic rebound in China boosted shippers and steelmakers, while investor concerns about a spike in U.S. COVID-19 cases were offset by prospects of policy support to sustain the recovery. Japan™s Nikkei share average rose 1.52% to 22,640.46,...
Hong Kong shares started on the front foot Monday, building on last week's rally as investors eye the ongoing reopening of economies around the world. The Hang Seng Index added 0.68 percent, or 172.42 points, to 25,545.54. The benchmark Shanghai Composite Index jumped 1.11 percent, or 35.03...
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic. The euro moved in a narrow range before economic data from Germany and the...
Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high in global infections over the weekend.
U.S. virus...
Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections.
Libya™s oil...
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the...
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic. The euro moved in a narrow range before economic data from Germany and the eurozone that are also forecast to show a sharp rebound in corporate activity and retail sales, which would ease concerns about the economic outlook. A steady rise of new coronavirus infections in the United States has discouraged some investors from taking on excessive risk, but most market participants remain focused on the growing likelihood that major economies will continue to recover. The dollar...
Gold futures were edging lower on Tuesday with the U.S. dollar remaining firm and as the market awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin later in the session. The economic uncertainty created by the coronavirus pandemic has been one key factor underpinning bullion's rally in recent weeks. August gold fell $2.70, or 0.1%, at $1,778.70...
A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for. The common currency lost further ground against the dollar in morning trading after underlying price pressures dropped again in the euro zone,...
Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya's state oil company flagging progress on talks to resume exports. U.S. West Texas Intermediate (WTI) crude futures fell 51 cents, or 1.28%, to trade at $39.19 per barrel, having jumped 3% on Monday. Brent crude futures for September fell...
The dollar held on to modest gains on Tuesday as upbeat U.S. home sales and Chinese factory data left traders torn between optimism about global growth rebounding and fears a surge in new COVID-19 cases could jeopardise a swift V-shaped recovery. California and Texas saw record rises in new infections on Monday while in Britain, a reinforced lockdown was imposed in the city of Leicester. A...
Gold prices are largely unchanged for a second day as traders seem cautious. Concerns that stocks may drop sharply and drive profit-taking in gold, as they did on Friday, could be weighing on traders' minds, says Jeffrey Halley, market analyst at OANDA. New York futures are hovering around $1,780 a troy ounce and are last up 0.3% at $1,787.10 an ounce. "Gold traders appear to be content to...
Oil was down on Tuesday morning in Asia, giving up its gains from the previous session as demand worries dampened investor sentiment. Libya's state oil company National Oil Corporation said overnight that it was making progress on talks with neighboring countries to lift an export blockade, leading to fears of an oversupply in the midst of fragile demand. The country makes up around 1% of...
Gold was up on Tuesday morning in Asia and looked set to close the second quarter of the year with its biggest quarterly advance since 2016. Gold futures were up by 0.11% at $1,783.15 by 1:16 AM ET (6:16 AM GMT). Investors looked to the safe-haven asset amid the ongoing COVID-19 virus continuing to wreak havoc globally. There are over 10.2 million cases globally as of June 30, according to...
The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Managers Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins University...
Japanese shares rose on Monday as signs of an economic rebound in China boosted shippers and steelmakers, while investor concerns about a spike in U.S. COVID-19 cases were offset by prospects of policy support to sustain the recovery. Japan™s Nikkei share average rose 1.52% to 22,640.46,...
Hong Kong shares started on the front foot Monday, building on last week's rally as investors eye the ongoing reopening of economies around the world. The Hang Seng Index added 0.68 percent, or 172.42 points, to 25,545.54. The benchmark Shanghai Composite Index jumped 1.11 percent, or 35.03...
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic. The euro moved in a narrow range before economic data from Germany and the...
Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high in global infections over the weekend.
U.S. virus...
Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections.
Libya™s oil...
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the...