Oil prices rise on Middle East conflict fears as Israel steps up attacks Oil prices extended gains on Monday, buoyed by escalating concerns over potential supply pressures from Middle East producers following Israel’s increased attacks on Iranian-backed forces in the region. Brent crude futures for November delivery increased 51 cents, or 0.71%, to $72.49 a […]

Gold Set for Strongest Quarterly Performance Since 2016, Silver Hits Highest Price Since 2012 Gold paused its record-breaking rally on Friday but remained on track for its strongest quarterly performance since 2016, driven by the U.S. Federal Reserve’s recent interest rate cut. Spot gold was slightly down at $2,666.50 per ounce, just below the previous […]

Asian Markets Surge as China’s Stimulus and US Economic Strength Boost Risk Appetite Asian stocks extended gains, driven by strong momentum from China’s stimulus measures and positive US economic data. China’s CSI 300 Index is set for its largest weekly rise since 2008, as officials introduced fiscal support and property sector stabilization efforts to boost […]

Global Stocks Surge on China’s Stimulus Pledge and Rate Cut Bets; Focus Shifts to US Jobs Data and Powell’s Speech Global stocks rallied as China pledged fiscal stimulus and traders increased bets on interest-rate cuts by major central banks. The S&P 500 futures rose 0.8%, while Nasdaq 100 contracts jumped 1.5%. European stocks also surged, […]

Asian Markets Rally as China Stimulus Hopes and Bank Infusion Talks Lift Investor Sentiment Asian markets surged on Thursday, overcoming Wall Street’s overnight slump, buoyed by optimism over China’s fresh stimulus efforts. A potential $142 billion capital infusion into major Chinese banks, as reported by Bloomberg, fueled the rally, following recent measures aimed at countering […]

US Dollar at Risk of Losing 2023 Gains as Fed Rate Cut Expectations Grow The US dollar is teetering on the edge of erasing its 2023 gains as expectations grow that the Federal Reserve will slash interest rates more aggressively to support the economy. Traders are increasingly betting on further rate cuts, with the likelihood […]

Central Banks in Focus: Rate Cuts and Key Speeches Shape Market Sentiment The People’s Bank of China followed up Tuesday’s rate cuts with another reduction on Wednesday, as traders increasingly bet on another major rate cut from the U.S. Federal Reserve in November. Fed Governor Adriana Kugler is set to speak on the economic outlook […]

Rising Confidence in ECB Rate Cuts Amid Economic Weakness Traders are increasingly confident the European Central Bank (ECB) will cut interest rates next month due to signs of a weakening economy. Market expectations for a quarter-point rate reduction in October have risen to 55%, driven by declining euro-area private-sector output and German business confidence. While […]

Global Stocks Rally as Fed Defends Rate Cut; Euro Slides on Weak Eurozone Data Global stock indexes rose on Monday as Federal Reserve policymakers defended last week’s large interest rate cut, while the euro fell against the dollar due to disappointing business activity data from the eurozone. U.S. Treasury yields climbed as bond investors priced […]

Euro Weakens Amid Slowing Euro Zone Activity, While Dollar Strengthens; Yen Dips on BOJ Policy Uncertainty The euro declined against the dollar on Monday after disappointing euro zone business activity data, fueling expectations of further interest rate cuts by the European Central Bank (ECB) this year. A survey revealed that business activity in the euro […]