US natural gas futures rose, recording their largest one-day gain in nearly two weeks, with expectations of hotter weather conditions continuing over the coming weeks, which tends to increase demand for air cooling. Gas contracts rose to the nearest maturity by 2.3% to settle at $ 4.027 per million British …
Read More »The US Yields Near Six-Month Lows
The yield on the benchmark 10-year Treasuries traded near 1.18% after dropping to 1.15%, the lowest in nearly 6 months amid weak data and as investors remain concerned about a spike in COVID-19 cases.
Read More »Survey Shows US Employment Slowed in July
UKG said employee growth within the US, across a wide range of industries, grew by 1.1% from mid-June to mid-July, coinciding with the period in which the Federal Government Employment Survey was conducted. That was about half of the 2% growth rate seen between May and June before the massive …
Read More »Currencies Overview: New Zealand And Australian Dollars Jump on Central Banks
New Zealand and Australian dollars made the biggest gains among the major currencies on Tuesday, supported by comments from the two countries’ central banks, while the US dollar fell against the Japanese yen and the Swiss franc amid some risk aversion in the markets. The Australian dollar rose strongly after …
Read More »Tech Put Pressure on European Shares And BP Jumps
Technology shares and concerns about the spread of a global delta dynasty continued to pressure European shares on Tuesday, despite encouraging results updates from companies including BP and automaker Stellantis. The pan-European Stoxx 600 index fell 0.1%, after hitting a record high in the previous session. Most Asian stocks also …
Read More »Oil Prices Fall as Recovery Momentum Runs out on Demand Fears
Crude oil prices reversed course after an early recovery, as concerns about coronavirus restrictions combined with slowing factory activities in key markets weighed on sentiment. Brent crude futures were down 26 cents, or 0.4%, at $72.63 a barrel by 0645 GMT. US West Texas Intermediate crude fell 16 cents, or …
Read More »Nikkei Closes Lower as Coronavirus Cases Rise
Japan’s Nikkei index closed lower on Tuesday, as rising COVID-19 cases pressured sentiment, while video-game companies slashed after Chinese media described online games as “spiritual opium”. The Nikkei fell 0.5%, while video-game production company Nixon plunged 6.51%. The rest of the game makers’ shares also pushed the index lower. DNA …
Read More »Societe Generale’s Quarterly Profit Beats Expectations
France’s Societe Generale reported a net income of 1.44 billion euros (about $1.71 billion) for the second quarter of the year, buoyed by a recovery in retail banking in France. Analysts had expected a net profit of 704 million euros for the three-month period, according to Refinitiv data. The latest …
Read More »Italy Records a Surplus of 5.7 Billion Euros in July
Italy posted a public budget surplus of 5.7 billion euros ($6.77 billion) in July, compared to a deficit of 7.2 billion euros in the same month last year, the Treasury said in a statement on Monday. This difference is mainly due to an increase in tax revenue. The Treasury said …
Read More »Gold Falls in Limited Range Trading Ahead of US Jobs Data
Gold prices fell, moving in a narrow range, as investors held off making big bets focusing on important US jobs data due later in the week, a key indicator of the US Federal Reserve’s stance on policies ahead. And gold fell in spot transactions 0.1 percent to $ 1810.92 an …
Read More »