Commodities

Dollar Strengthens Amid Rising Yields, Renewed “Trump Trade”The US Dollar Index (DXY) continued its upward trajectory on Tuesday, October 22, approaching three-month highs as investors responded to higher interest rates and a resurgence of the “Trump trade.” Key economic events and speeches from Federal Reserve officials will shape the market’s …

China’s central bank, the People’s Bank of China (PBOC), initiated its first swap operations on Monday under a newly established facility aimed at stabilizing the stock market. The PBOC exchanged assets worth 50 billion yuan ($7 billion) with brokerages, fund companies, and insurers as part of the move. In the …

Oil prices rose on Monday, recovering some of last week’s steep losses driven by concerns over China’s economic slowdown and easing tensions in the Middle East. Brent crude futures increased by $1.16, or 1.6%, to $74.22 per barrel at 1036 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.32, …

Oil prices rose slightly in Asian trading on Monday, following a sharp decline last week driven by worries over slowing demand in China, the world’s largest oil importer, and easing concerns about supply disruptions in the Middle East. Brent crude futures gained 0.37%, or 27 cents, to trade at $73.33 …

Gold prices soared to a new record in Asian trading on Monday, driven by increased safe-haven demand as geopolitical tensions in the Middle East intensified and uncertainty loomed over the upcoming U.S. presidential election. Spot gold climbed 0.4% to $2,732.86 per ounce, while December gold futures rose 0.6%, reaching $2,747.70 …

This week, global stock markets continued their upward trajectory, driven primarily by robust performance in tech stocks as well as positive sentiment surrounding China’s economic stimulus measures. Major US indices, including the S&P 500 and the Dow Jones Industrial Average, reached fresh all-time highs, extending their winning streaks to six …

The global oil market is facing a significant oversupply next year, according to recent forecasts from both OPEC and the International Energy Agency (IEA). Both organizations have revised their oil demand projections downwards, indicating a potential surplus in the market.Commerzbank commodity analyst Carsten Fritsch noted that OPEC now expects global …

Volvo has reported a significant decline in earnings for the third quarter of 2024, primarily driven by a slowdown in the demand for trucks and construction equipment. Reduced economic activity in the construction sector and a model changeover in Europe have contributed to this decline.While Volvo’s bus operations have shown …

Gold prices soared to a new record in Asian trading on Friday, driven by strong safe haven demand as the U.S. presidential election looms and geopolitical tensions escalate. Spot gold rose 0.4% to a record high of $2,705.26 an ounce, while December futures climbed 0.5% to $2,720.15 an ounce. Safe …

Crude oil futures steadied on Friday after an uptick in U.S. retail sales, but concerns about global demand weighed on the market as mixed economic indicators from China persisted. Prices remained on course for their largest weekly loss in over a month. As of 0338 GMT, Brent crude futures edged …