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Gold extends losses on strong dollar, higher bond yields
Spot gold was 0.7% lower at $2,580.39 per ounce after reaching a near two-month low earlier in the session Gold prices extended losses for the fourth consecutive session on Wednesday, weighed down by a stronger U.S. dollar and higher bond yields on news that October consumer prices rose as expected. The U.S. Labor Department also
Asia stocks higher after US shares drop as Trump rally cools
The Nikkei 225 index was 0.8% higher at 38,842.13, the Hang Seng gained 0.3% to 19,486.97, the Shanghai Composite index declined 0.4% to 3,367.94, S&P/ASX 200 added 0.7% to 8,279.20, while Kospi was 0.2% higher, to 2,407.27 Asian stocks were mostly higher on Friday after US stocks slid as the market’s big rally following Trump's
Dollar hovers near one-year high
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2% but was still 4.3% lower for the week, the biggest weekly loss in over two years The U.S. dollar was poised for big weekly gains on Friday, hovering near one-year highs as a hawkish turn from the Fed chief sent short-term Treasury yields higher, leaving
STOXX 600 gains on energy, technology stocks
The pan-European STOXX 600 index was up 0.3%, although it was pinned near a three-month low, after declining in the previous two sessions Europe's STOXX 600 gained on Thursday, led by energy and technology stocks, buoyed by broadly upbeat earnings across sectors. The pan-European STOXX 600 index was up 0.3%, although it was pinned near
US stocks drop after Powell’s comments
Wall Street's main indices opened with modest gains, but then dipped lower US stocks slid Thursday as investors digested comments from Fed Chair Jerome Powell, while concerns over Donald Trump's presidency clouded optimism. Bitcoin dropped below the $90,000 level after hitting a record of $93,462 on Wednesday. Observers are expecting it to soon top $100,000
Dollar at one-year high on higher yields
The U.S. dollar index gained 0.2% to 106.69, its highest since early November 2023 The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth consecutive daily gain fuelled by higher yields and Donald Trump's election victory. The dollar jumped above 156 yen for the first time since
Gold near one-month low as investors await U.S. data
Spot gold slid 0.1% to $2,617.15 per ounce after touching its lowest since October 10 on Monday Gold hovered near a one-month low on Tuesday, as investors awaited a set of key U.S. economic data and comments from Fed officials for further clarity on the interest rate trajectory. Spot gold slid 0.1% to $2,617.15 per
Dollar set for a four-month high, yuan drops
The U.S. dollar index gained 0.16% to 105.59, edging back towards Monday's high of 105.70, its highest since July 3 The U.S. dollar rose toward a four-month high versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration.
Dollar near 6-1/2-month high, euro close to one-year low
The U.S. dollar index tacked on 0.02% to 106.01, not far from Tuesday's high of 106.17, its strongest since May 1 The U.S. dollar held near a 6-1/2-month high against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation
Stocks and dollar jump, bitcoin hits all-time high
The mood was less upbeat in Asia after China said Friday it would ramp up a local debt ceiling, but fell short of announcing any new growth-boosting measures European and US stocks mostly jumped, while the dollar gained and bitcoin extended a record run on Monday, as traders took their lead from events in China
Most Asian stocks track losses in Wall Street
Hong Kong’s Hang Seng index tumbled 0.6%, Nikkei 225 index dropped 1%, while the TOPIX declined 1.1% Most Asian stocks dropped on Wednesday, tracking losses in Wall Street as a post-election rally now seemed to be cooling, while anticipation of key U.S. inflation data also spurred risk aversion. Regional markets remained under pressure after fresh
Oil edges up on signs of near-term supply tightness
Brent futures gained 17 cents, or 0.24%, to $72.06 a barrel, while U.S. West Texas Intermediate crude futures added 14 cents, or 0.21%, at $68.26 Oil prices edged up on Wednesday on signs of near-term supply tightness but stayed near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil
Asian stocks drop as fresh China stimulus disappoints
Shanghai Shenzhen CSI 300 and Shanghai Composite indexes dropped 0.6% and 0.2%, respectively, while Hang Seng index slipped 2.4%, and Nikkei 225 and TOPIX indexes declined nearly 0.3% each Most Asian stocks dropped on Monday as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend showed deflation in the country remained in
Dollar firm ahead of U.S. inflation data, Fed speakers
The dollar regained 0.5% on the yen to 153.43, having been dragged off last week's top of 154.70 by the risk of Japanese intervention The dollar rose on Monday as markets braced for U.S. inflation data and several Fed speakers this week, while the yuan was affected by Beijing's latest underwhelming stimulus package. Highlighting the
Gold drops as investors await U.S. economic data
Spot gold declined 0.5 per cent to $2,671.49 per ounce and U.S. gold futures dropped 0.6 per cent to $2,678.50 Gold prices dropped on Monday for a second straight session as investors awaited U.S. economic data and comments from Fed officials this week for more clarity on the future direction of U.S. interest rates. Spot
Asian stocks higher after Wall Street rises
Mainland Chinese blue chips were 0.5% higher, Hang Seng added 1%, Nikkei rose 0.25%, Australia's stock benchmark jumped 1%, and Taiwan's benchmark added 0.7% Asian stocks rose broadly on Friday, tracking Wall Street's overnight rise to record highs, as investors digested the U.S. Fed's message for careful interest rate cuts even with expectations for big
Dollar set to close volatile week with gain, NPC in focus
The dollar rose 0.03% to 104.44, on track to gain just above 0.1% for the week The dollar took a breather on Friday, on track to close a volatile week with a slight gain as markets weighed the impact of Donald Trump's return to the White House and what that would mean for the U.S.
Asia-Pacific equity markets mixed, dollar firm
Nikkei 225 reversed initial gains to be down 0.44% at 39,308.55, the broader Topix remained up 0.88%, Kospi declined 0.14%, Australia's equity benchmark slid 0.24%, Hang Seng gained 0.49% and mainland blue chips rose 0.14% Asia-Pacific equity markets were mixed on Thursday as investors weighed the implications of a Donald Trump presidency, while also eyeing
U.S. stock futures surge amid presidential election
Yields on 10-year Treasury notes climbed to a four-month peak of 4.471%, from 4.279%, breaking last week's top of 4.388% U.S. stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the U.S. presidential election, though officially the race remained too close to call. Trump took the
European shares close lower following a broad rally
The pan-European STOXX 600 was down 0.5%, with all regional equity markets closing in the red and Spain's IBEX logging most losses, down 2.9% European shares closed lower on Wednesday, following a broad rally earlier in the session, hurt by a drop in utilities shares on concerns that U.S. President-elect Donald Trump could halt fresh
Dollar near four-month high, central banks in focus
The dollar index edged down 0.05% to 105.06 after surging to its highest since July 3 at 105.44 in the earlier session The dollar was just below a four-month high on Thursday, while investors eyed monetary policy decisions from several central banks. The U.S. Fed is expected to cut interest rates by 25 bps later
Oil drops more than 1% as dollar firms
Brent crude oil futures was down 90 cents, or 1.2%, to $74.63 per barrel, while U.S. WTI crude tumbled 82 cents, or 1.1%, to $71.17 per barrel Oil prices dropped more than 1% on Wednesday as the dollar firmed on market bets the U.S. presidential election could swing in Republican Donald Trump's favour though the
U.S. stocks drop ahead of Election Day
The S&P 500 slid 0.3%, the Dow Jones Industrial Average declined 0.6%, while the Nasdaq composite slid 0.3% U.S. stocks dropped Monday ahead of a week full of potential flashpoints around the world. The S&P 500 slid 0.3%, though it remains near its record set last month. The Dow Jones Industrial Average declined 257 points,
Asian markets waver ahead of US presidential election
Eyes will also be on the Fed's policy decision on Thursday, with expectations for another cut Asian markets wavered Tuesday as traders scrambled for position a day before results from the US presidential election rolled in, with opinion polls showing the vote on an edge as the two candidates wrapped up their campaigns. Uncertainty about
Dollar on the defensive on U.S. Election Day
The dollar index was flat at 103.91, after plummeting as low as 103.67 on Monday for the first time since October 21 The dollar started Tuesday on the defensive as traders squared positions on the day of the U.S. presidential election, after recent polls dented some market bets on a victory for Republican Donald Trump.
Oil extends gains as OPEC+ delays output hike
Brent futures gained $1.18 per barrel, or 1.61%, to sit at $74.28 a barrel and U.S. West Texas Intermediate (WTI) crude added $1.21 a barrel, or 1.74%, to sit at $70.70 Oil prices extended gains on Monday, rising more than $1 on a decision by OPEC+ to delay by a month plans to raise output,
Dollar slips on US election, Fed rate cut prospects
The euro extended an early jump to be up 0.6% at $1.0901, while the dollar declined 0.9% on the yen to 151.60 The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the economy as the US chooses a new leader, and as it likely cuts interest rates
Asian markets rise ahead of Chinese stimulus meeting
Markets rose across Asia, with Hong Kong and Shanghai among the best performers, while Sydney, Seoul, Singapore, Taipei, Wellington and Jakarta were also well up Asian markets rose Monday as investors braced for a too-close-to-call US presidential election, while Chinese leaders meet to decide on a stimulus package. The advanced came after a positive lead
STOXX 600 drops on bleak earnings from industry majors
The pan-European STOXX 600 ended 0.6% lower, after hitting a more than one-week high intraday Europe's main stock index dropped on Tuesday, amid bleak quarterly results from industry majors such as energy giant BP, drugmaker Novartis and lender Santander, while caution also prevailed ahead of key economic data. The pan-European STOXX 600 ended 0.6% lower,
Nasdaq hits record high as most of Wall Street drops
Gains for influential Big Tech stocks helped mask weakness elsewhere, and they pushed the Nasdaq composite 0.8% higher to top its last all-time high set in July Rallying technology stocks sent the Nasdaq composite to a record on Tuesday, but trading was mixed along the rest of Wall Street as homebuilders and Ford Motor dipped
Dollar hovers near a three-month high
The U.S. dollar index was little changed at 104.28, after hitting the highest since July 30 at 104.63 on Tuesday before closing the day almost flat The dollar hovered close to a three-month high on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar
Oil drops as Middle East tensions ease
Both Brent and U.S. WTI crude futures reached their lowest levels since October 1 at the open Oil prices dropped more than $3 a barrel on Monday after Israel's strike on Iran over the weekend were not as strong as anticipated, easing geopolitical tensions in the Middle East. Both Brent and U.S. WTI crude futures
Travel and leisure shares lead FTSE 100 rally
The blue-chip FTSE 100 added 0.43%, while the midcap FTSE 250 was 0.14% higher The UK's benchmark FTSE 100 gained on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies capped overall gains. The blue-chip FTSE 100 added 0.43% by 1601
Yen dips to a three-month low on Japan rate outlook
The yen declined 1% to 153.84 per dollar and by a similar margin against the euro to 165.87, on both counts its lowest since late July The yen dipped to a three-month low on Monday as investors figured the loss of a parliamentary majority for Japan's ruling coalition in weekend elections would slow future rate
STOXX 600 higher as gains outweigh drop in energy stocks
The pan-European STOXX 600 closed 0.4% higher after logging its first weekly decline in three Europe's main stock index closed higher on Monday as gains across most sectors outweighed the weakness in energy stocks on a decline in oil prices, with investors looking for key economic data and U.S. tech earnings scheduled for later in
Japanese stocks gain as yen hits a three-month low
The Nikkei share average gained 1.45% to 38,463.50 by midday, and was earlier up almost 2% Japanese stocks gained strongly on Monday as the yen dipped to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority in Sunday's election, raising uncertainty over the path for policy and the economy. Ishiba's Liberal
Global shares rise, US yields drop
MSCI's gauge of stocks across the globe added 0.2% to 846.07 Global shares edged higher in choppy trading on Thursday, snapping three consecutive sessions of losses, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and interest rate cuts. The US benchmarks S&P 500 and the Nasdaq closed higher, with
Oil jumps more than 1% amid Middle East tensions
Brent crude futures gained 95 cents, or 1.27% to $75.91, while U.S. WTI crude futures jumped $1, or 1.41%, to $71.77 as escalating Middle East tensions continued to worry markets about supply Oil prices jumped by more than 1% on Thursday, almost reversing previous session's losses, as Middle East tensions came back into focus ahead
Stock markets mixed on rate cut expectations
All three main indexes on Wall Street closed well down, with the Nasdaq losing more than 1%, Hong Kong led the decline in Asia by similarly dropping more than 1%, while Tokyo, Sydney, Seoul and Wellington gained Stock markets were mixed Thursday following steep losses on Wall Street as a rise in US Treasury yields
Dollar hits 3-month high vs. yen
The dollar index gained 0.32% to 104.43, after jumping to 104.57, its highest since July 30 The dollar jumped above 153 against the yen for the first time in almost three months on Wednesday on U.S. economic strength and an expected divergence among major global central banks' pace of interest rate cuts. The dollar is