Tag Archives: China

Wall Street’s main indexes were flat to lower in choppy trading on Monday as investors paused after the previous week’s rally and exercised caution ahead of numerous job reports and comments through the week from Federal Reserve policymakers, including Chair Jerome Powell. Monday’s US market indices were neutral as traders …

The latest decisions taken by Beijing to revitalize the Chinese economy are having a noteworthy impact on the international market. China’s economy, the second largest worldwide, has a lot of ramifications, particularly for Western businesses who have a lot of exposure to the area. Let’s examine how this stimulus can …

Oil prices surged on Tuesday, buoyed by news of significant monetary stimulus from China, the world’s largest oil importer, alongside escalating tensions in the Middle East and concerns over potential supply disruptions in the United States due to another looming hurricane. Brent crude futures climbed by 1.8%, reaching $75.24 per …

German automaker Mercedes-Benz has issued a profit warning, attributing the decline to a significant weakening of demand in the Chinese market. This announcement has caused a sharp drop in the company’s share price.The company has revised its full-year profit outlook downward, citing a “further deterioration” of Chinese consumer demand. The …

Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

Gold prices experienced a surge on Tuesday as investors eagerly awaited the release of crucial US economic data and the first presidential debate in the course of the 2024’s US elections. The precious metal gained momentum as the US dollar weakened and Treasury yields declined, reflecting market expectations for a …

On Friday, Brent finished at its lowest level since December 2021, down to $70.6 per barrel—its lowest level since March 2023. WTI dropped to $67.2, a 14-month low. Brent saw a weekly loss of about 10%, which was made worse by the contract rollover at the beginning of the month. …

The main cause of the current pessimistic assessment is growing demand fears following disappointing economic statistics from the three major oil demand regions: the US, China, and Europe. This has resulted in a rise in risk aversion.It appears that there has been an overstatement of the price reduction. Consequently, pressure …

Oil prices remained largely unchanged on Wednesday, following a significant drop in the previous session that ended a three-day streak of gains. This stability comes amid ongoing concerns about potential supply disruptions from the Middle East and North Africa, as well as lingering worries about global fuel demand. Brent and …

Oil prices took a step back on Tuesday, following a sharp rally that saw them rise by more than 7% over the previous three sessions. The recent surge was driven by heightened concerns over potential supply disruptions in the Middle East and Libya, prompting traders to reassess the situation. Market …