Oil prices fell on Thursday, following three sessions of gains, after Federal Reserve Chairman Jerome Powell renewed his commitment to curbing inflation, including possibly raising interest rates again. And by 0009 GMT, Brent crude futures fell 80 cents, or 1 percent, to $ 75.89 a barrel, and West Texas Intermediate …
Read More »Forex: Dollar eases as investors weigh up outlook for Fed
Prior to the completion of the Federal Reserve’s policy meeting, when investors will be seeking for any indication of what could happen with interest rates given the upheaval in the banking sector, the dollar lingered at five-week lows on Wednesday. The most likely conclusion, according to the markets, is a …
Read More »Asian stocks surge as bank fears ease before Fed meeting
Asian stock markets rose on Wednesday as investors flocked to bargain financial companies amid lessening banking crisis worries. Attention is now fully on a Federal Reserve interest rate decision later in the day. One of the top performers for the day was Japan’s Nikkei 225, which increased by more than …
Read More »Oil falls after an unexpected increase in US crude inventories
Oil fell in early Asian trading on Wednesday, trimming its gains for two consecutive days after a report showed US crude inventories rose unexpectedly last week in a sign of possible weak demand for fuel. Brent crude futures fell 48 cents, or 0.6 percent, to $74.84 a barrel at 0203 …
Read More »US bank stocks surge after Yellen’s support
Regional lenders bounced back Tuesday following the remarks by Treasury Secretary, ‘it’s our intention to remain vigilant in the days and weeks to come’ Yellen said.Regional bank stocks rebounded Tuesday as Treasury Secretary Janet Yellen pledged further assistance to depositors if needed and a second attempted rescue of troubled San …
Read More »BoE Interest Rate Decision Preview
In March, the Bank of England (BoE) is expected to continue raising interest rates, albeit more slowly as the globe fights off threats to the financial system. On Thursday at 12:00 GMT, the BoE will make its interest rate decision public. It’s not a “Super Thursday” because neither the governor’s …
Read More »Wall St set to open higher as bank fears ease, focus on Fed
Wall Street’s main indexes were set to open higher on Tuesday as the rescue of Credit Suisse calmed nerves about a bigger banking crisis, while investors awaited the outcome of the Federal Reserve’s monetary policy meet. Traders now largely expect a 25-basis-point rate hike after the Fed’s two-day meeting concludes …
Read More »Oil increases as short-term banking jitters subside
While the rescue of Credit Suisse allayed concerns about threats to the global banking sector that may hinder economic development and fuel demand, oil prices increased on Tuesday, continuing their rebound from a 15-month low recorded the previous day. In the aftermath of UBS’ acquisition of Credit Suisse and after …
Read More »Dollar is taking a breather as all eyes turn to Fed meeting
The dollar stabilized in Asian markets on Tuesday, but struggled to move away from its lowest levels in five weeks, as dealers believed that banking pressures would prevent the Federal Reserve from raising interest rates by a large amount, or perhaps not at all, at its meeting this week. The …
Read More »US Stocks on hopes for banking crisis to ease
US stocks rose Monday, as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS engineered by the Swiss government.The Dow Jones Industrial Average gained 330 points, or `%. Meanwhile, the S&P 500 rose 0.7%, while …
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