Oil prices showed little change on Tuesday following a rise in the previous session, as investors weighed mixed expectations amidst Russia’s supply cuts in response to recent Ukrainian attacks on Russian refineries. However, a slight decline in the dollar provided some support to the market. In Monday’s session, Brent crude …
Read More »Gold Prices Steady Amid Focus on US Inflation Data
Gold prices remained steady on Tuesday as investors shifted their attention to upcoming US inflation data, which could offer insights into the timing of potential interest rate cuts by the US central bank. Spot gold settled at $2,170.59 per ounce by 0310 GMT, while US gold futures dipped 0.2 percent …
Read More »Forex Overview: USD Retreats as Focus Shifts to Inflation Data and Fed Speeches
The U.S. dollar kicked off the new week on a subdued note, relinquishing some of its gains from the previous week, as traders awaited the release of pivotal inflation figures alongside further insights from Federal Reserve policymakers. At 05:20 ET (09:20 GMT), the Dollar Index, measuring the greenback against a …
Read More »European Stocks Steady Amidst Holiday Atmosphere, Central Bank Sentiments
European equities opened the holiday-shortened week with marginal changes as investors assessed recent robust gains fueled by accommodative stances from major central banks. The STOXX 600 index edged down by a mere 0.02% on Monday, lingering just below the record highs reached last week. While travel and leisure sectors showed …
Read More »Bitcoin Price Surges Beyond $67k Amid Focus on ETF Inflows and Upcoming Halving
Bitcoin Rises, Fueled by ETF Flows and Halving Anticipation Bitcoin experienced a notable recovery on Monday, regaining some of the losses incurred last week, as steady capital inflows into exchange-traded funds (ETFs) and anticipation of the upcoming “halving” event boosted the sentiment surrounding the world’s largest cryptocurrency. Bitcoin surged by …
Read More »Asian Stocks Waver as Investors Brace for Key Economic Data
Asian stocks showed mixed performance on Monday, with most markets trading in a flat-to-low range as investors awaited crucial economic indicators scheduled for later this week. Japan’s Nikkei 225 index retreated from record highs, while Chinese stocks remained largely flat amid concerns over potential US export restrictions and positive signals …
Read More »Oil prices rise amid growing concerns about supplies
Oil Prices Inch Up Amid Global Supply Concerns Early Asian trading on Monday saw a modest rise in oil prices, driven by mounting worries over global supply shortages amidst escalating conflicts in the Middle East and the ongoing Russia-Ukraine war. Additionally, a decline in the number of American oil exploration …
Read More »Oil Prices Stabilize Above $85 Amid Gaza Truce Prospects
Oil prices found stability on Friday, with Brent crude hovering above the $85 per barrel mark, buoyed by growing optimism about a potential ceasefire in Gaza. Brent crude futures remained virtually unchanged at $85.76 per barrel, while US West Texas Intermediate crude futures edged up slightly to $81.08 per barrel …
Read More »German Business Morale Improves in March
In a surprising turn, German business morale saw improvement in March, surpassing analyst expectations, according to a survey released on Friday by the Ifo institute. Despite this positive development, concerns persist about the possibility of Europe’s largest economy slipping into another recession. The Ifo business climate index rose to 87.8, …
Read More »Nikkei Hits Record High as Automaker Rally Boosts Market
Japan’s Nikkei index reached an all-time high on Friday, propelled by record gains on Wall Street and a surge in automaker stocks driven by a weakening yen. The Nikkei climbed 0.18 percent to close at 40,888.43, briefly touching 41,087.75 during the session, surpassing its previous peak. This milestone comes as …
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