Oil prices continued their downward trend on Monday, driven by expectations of increased OPEC+ production starting in October and concerns over sluggish demand in the world’s two largest oil consumers, China and the United States. Market Movements: Brent Crude: Fell by 61 cents, or 0.8%, to $76.32 per barrel.West Texas …
Read More »Eurozone Inflation Hits Three-Year Low, Fuelling ECB Rate Cut Expectations
Eurozone inflation fell to its lowest level in three years in August, according to data released on Friday, raising expectations of another interest rate cut by the European Central Bank (ECB) next month. Headline Inflation: Consumer price growth slowed to 2.2% year-on-year in August, down from 2.6% in July, moving …
Read More »Oil Prices Edge Up Amid Supply Concerns; Demand Weakness Limits Gains
Oil prices rose slightly on Friday as investors weighed concerns over supply disruptions in Libya and Iraq, though signs of weakened demand, particularly from China, capped the gains. Price Movements Brent Crude: October futures increased by 39 cents, or 0.5%, to $80.33 a barrel. The November contract, more actively traded, …
Read More »European Shares Hit Record High Amid Optimism, Caution Ahead of Eurozone Inflation Data
European shares reached an all-time high on Friday, with the pan-European STOXX 600 index climbing 0.2% to 525.65 points by 0713 GMT. This gain surpassed the previous record of 525.59 points set in June, and the index is on track for a fourth consecutive week of gains. The benchmark is …
Read More »Bitcoin Slides Amid Caution Over U.S. Inflation Data, Nursing August Losses
Bitcoin prices fell slightly on Thursday as markets remained cautious ahead of a key U.S. inflation reading that could influence the outlook for interest rate cuts. The cryptocurrency is set to end August with significant losses, driven by a broader risk-off sentiment that has affected financial markets. Bitcoin Struggles in …
Read More »Asian Stocks Recover as Tech Rebounds; Chinese Shares Bounce Back from Six-Month Lows
Asian stocks rose on Friday, driven by a recovery in technology shares and month-end bargain buying, particularly in China, which helped to reverse some of the heavy losses seen earlier in August. Tech Recovery and Positive Wall Street Cues Boost Asian Markets The recovery in Asian markets followed a positive …
Read More »Gold Prices Dip Slightly, Remain Near Record Highs as Markets Await U.S. Inflation Data
Gold prices saw a slight decline in Asian trade on Friday, though they remained close to record highs as investors awaited crucial U.S. inflation data that could provide further insight into the Federal Reserve’s interest rate outlook. Gold Prices Hold Strong Despite Slight Dip Spot gold edged down by 0.3% …
Read More »U.S. Dollar Edges Higher Ahead of Key Economic Data; Euro Retreats on Cooling German Inflation
The U.S. dollar gained ground on Thursday, recovering from recent lows as investors awaited key economic data releases that could provide insights into the Federal Reserve’s next moves. Meanwhile, the euro weakened due to signs of cooling inflation in Germany. Dollar Recovers from Recent Lows At 04:10 ET (09:10 GMT), …
Read More »European Shares Edge Higher as Media and Tech Stocks Offset Global Dip
European shares edged up slightly on Thursday, driven by gains in media and technology stocks, which helped the market buck a global downtrend following underwhelming results from Nvidia. STOXX 600 Index Rises Amid Mixed Sector Performance The pan-European STOXX 600 index gained 0.2% by 0712 GMT, buoyed by a 0.5% …
Read More »Bitcoin Steadies Amid Market Jitters as Traders Eye Key Economic Data
Bitcoin’s price stabilized on Thursday after experiencing sharp declines earlier in the week. The world’s largest cryptocurrency remained in a narrow trading range as investors awaited critical economic data that could influence the Federal Reserve’s next interest rate decision. Bitcoin Holds Steady After Recent Declines After falling sharply on Tuesday …
Read More »