Commodities

Global markets faced an unexpected jolt after a major outage at the Chicago Mercantile Exchange (CME) halted trading across large segments of the world’s futures and options markets for several hours. The disruption, caused by a cooling-system failure at a key data centre, temporarily froze activity in equity, bond, currency, …

Euro zone consumers nudged their short-term inflation expectations higher in October but kept medium- and long-term views broadly unchanged, according to a European Central Bank (ECB) survey released Friday. The results support market bets that inflation is stabilizing near target and that the ECB likely has no need to deliver …

Gold prices rose in Asian trade on Friday and were on track for a fourth consecutive month of gains in November, supported by growing confidence that the U.S. Federal Reserve will cut interest rates next month. Bullion briefly slipped in the previous session but quickly resumed its upward move as …

Gold prices held firm in muted trading on Thursday, stabilizing near $4,158 as global markets leaned further toward the view that the US Federal Reserve will deliver a 25-basis-point rate cut in December. With US markets closed for the Thanksgiving holiday, overall liquidity remained thin, yet conviction surrounding imminent monetary …

The U.S. dollar strengthened slightly on Thursday in subdued trading due to the Thanksgiving holiday, though the currency remained on track for its steepest weekly decline in four months. By 04:49 ET (09:49 GMT), the U.S. Dollar Index rose 0.1% to 99.69, with volumes muted as U.S. markets stayed closed …

European shares were largely unchanged on Thursday, with investors taking a breather after three straight sessions of gains driven by growing expectations of a U.S. Federal Reserve rate cut next month. The pan-European STOXX 600 traded flat at 574.01 points by 09:26 GMT, holding near one-week highs. Mixed Performances Across …

Oil prices advanced as fresh US stockpile data signaled tighter supply conditions, giving energy markets a decisive boost after a period of volatility. Investors interpreted the decline in inventories as evidence of steady demand across the American economy, strengthening expectations that consumption will remain resilient through the end of the …

The U.S. dollar inched higher on Wednesday, stabilizing after its steepest daily decline in nearly three weeks, as traders continued to position for a potential interest rate cut by the Federal Reserve in December, while sterling held firm ahead of the U.K. Autumn Budget. By 03:50 ET (08:50 GMT), the …

Oil prices rose modestly on Wednesday after sliding to a one-month low in the previous session, though expectations of a growing supply glut and progress toward a Russia-Ukraine peace deal kept gains limited. Brent crude futures gained 28 cents (0.45%) to $62.76 a barrel by 07:08 GMT, while U.S. West …

The U.S. Dollar continued its sharp retreat on Tuesday, pressured by a series of softer economic readings and growing expectations that the Federal Reserve may deliver additional interest-rate cuts in the coming months. Investors are increasingly positioning for more clarity on the health of the world’s largest economy as a …