The number of Americans filing for first-time unemployment benefits fell sharply last week, hitting the lowest level in more than three years and signaling continued resilience in the labor market despite broader signs of cooling. Seasonally adjusted initial jobless claims dropped to 191,000 in the week ending November 29, according …
Read More »U.S. Futures Edge Higher as Labor Data and Fed Meeting Loom Large
U.S. stock futures nudged higher on Thursday, as investors looked ahead to fresh labor market data and next week’s closely watched Federal Reserve policy meeting. By 05:35 ET (10:35 GMT): Dow Jones futures were up 50 points (+0.1%) S&P 500 futures gained 5 points (+0.1%) Nasdaq 100 futures climbed 18 …
Read More »Bitcoin steadies after sharp rebound as Fed cut hopes and regulatory shifts support sentiment
Bitcoin held mostly steady on Thursday, consolidating after a powerful rebound that lifted the cryptocurrency back above the $93,000 mark on Wednesday, supported by improving regulatory sentiment in the U.S. and rising expectations of a Federal Reserve rate cut next week. The world’s largest digital asset inched 0.3% lower to …
Read More »European stocks advance as Fed cut bets firm and eurozone data eyed
European stocks rose on Thursday, extending recent gains as investors positioned for a widely expected interest rate cut by the U.S. Federal Reserve next week and awaited fresh eurozone data. By 03:05 ET (08:05 GMT), Germany’s DAX index was up 0.8%, France’s CAC 40 gained 0.5%, and the U.K.’s FTSE …
Read More »Gold Slips as Traders Take Profits Ahead of Key Fed Decision
Gold prices edged lower in Asian trading on Thursday, as profit-taking outweighed rising confidence that the Federal Reserve will cut interest rates next week. By 02:28 ET (07:28 GMT), spot gold slipped 0.3% to $4,191.55 an ounce, while February U.S. gold futures fell 0.3% to $4,219.46. US data reinforce expectations …
Read More »Oil Edges Higher as Strikes on Russian Infrastructure Offset Weak U.S. Demand Signals
Oil prices rose modestly in Asian trading on Thursday, supported by renewed attacks on Russian energy assets and stalled diplomatic efforts to end the war in Ukraine, even as weak U.S. demand data capped gains. By 22:53 ET (03:53 GMT), February Brent futures were up 0.4% at $62.89 a barrel, …
Read More »U.S. Futures Rise as Fed Cut Bets Firm and Bitcoin Rebounds
U.S. stock futures rose on Wednesday, with growing confidence in a Federal Reserve rate cut and a sharp rebound in Bitcoin helping to steady risk sentiment. By 05:30 ET (10:30 GMT), Dow Jones futures were up 115 points, or 0.2% S&P 500 futures gained 13 points, or 0.2% Nasdaq 100 …
Read More »Bitcoin Rebounds Above $93,000 on Regulatory Tailwinds and Fed Cut Hopes
Bitcoin surged back above the $93,000 mark on Wednesday, recovering sharply from Monday’s steep drop toward $84,000 as sentiment improved on positive U.S. regulatory signals and growing expectations of a near-term Federal Reserve rate cut. The world’s largest cryptocurrency was last up 7.2% at $93,101.6 by 02:19 ET (07:19 GMT). …
Read More »Gold Holds Steady Ahead of Key U.S. Data and Fed Meeting as Rate-Cut Bets Strengthen
Gold prices were little changed in Asian trade on Wednesday as investors remained cautious ahead of a wave of key U.S. economic releases and next week’s Federal Reserve meeting, where markets broadly expect an interest rate cut. By 02:45 ET (07:45 GMT): Spot gold traded flat at $4,204.55 an ounce …
Read More »Oil Slips as Markets Weigh U.S.–Russia Peace Talks and Ongoing Supply Risks
Oil prices edged lower in Asian trading on Wednesday, extending losses from the previous session as traders assessed the mixed implications of high-level talks between the U.S. and Russia over ending the war in Ukraine. By 22:05 ET (03:05 GMT): Brent February futures slipped 0.3% to $62.24 per barrel WTI …
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