Key points: Shanghai copper contracts drop 0.7% to 81,180 yuan per metric ton. Firmer dollar makes greenback-priced metals more expensive for holders of other currencies. Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and …
6th May 2024 Key points: Euro zone government bond yields fell, prompted by U.S. economic data suggesting possible Federal Reserve rate cuts in 2024. The spread between Italian and German bond yields reached a 1-1/2-month low, influenced by Fitch’s confirmation …
Key points: Saudi Arabia hikes June crude oil prices for most regions US oil rig count falls by 7 to 499, Baker Hughes reports Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while …
Key Points: Asian stocks reach new heights with investors expecting U.S. Federal Reserve rate reductions. The yen declines after Tokyo’s apparent efforts to strengthen it last week. Asian stocks reached their highest levels in more than a year this Monday, …
6th May 2024 – In the early trading hours on Monday in Asia, gold prices saw a decrease of 0.3%, with spot gold dropping to $2,294.97 per ounce as of 0040 GMT. Similarly, U.S. gold futures also experienced a dip …
3rd May 2024 — Australian shares exhibited an observable increase, with the S&P/ASX 200 Index climbing by 42.00 points or 0.6%, to settle at 7,629.00. This rise came as investors positioned themselves ahead of the release of the US jobs …
Key points Asian equity markets saw an uplift, driven by Apple’s announcement of a $110 billion share buyback plan that bolstered the technology sector. Japanese yen experienced a recovery, distancing itself from recent 34-year lows. Asia-Pacific stock indices surge despite …
Gold prices are on track for a second consecutive weekly decline but remained stable on Friday morning at $2,301.49 per ounce as of 0215 GMT. The modest weekly loss of over 1% reflects a broader pullback from the record high …
Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal …
ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving …
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