Investing.com– Gold prices firmed in Asian trade on Thursday, with futures testing key levels as demand for traditional safe havens helped the yellow metal largely disregard a resurgence in the dollar and yields. Fears of a potential escalation in the Israel-Hamas war remained in play as missile strikes on Gaza continued, while Israel reiterated its […]
HONG KONG (Reuters) – Asian stocks slid to 11-month lows on Wednesday, U.S. futures dropped and the dollar surged as Treasury yields spiked back toward peaks on fears that U.S. interest rates will stay high. A rebound in U.S. home sales was the latest trigger for concern in the bond market. Corporate earnings have also […]
The crypto space is keeping such a close watch on spot Bitcoin ETFs that the Depository Trust and Clearing Corporation’s (DTCC) website crashed. Meanwhile, Binance and its CEO want the U.S. commodity regulator’s suit dismissed and Bitcoin briefly touched the $35,000 mark for the first time in over a year. All eyes on DTCC’s site for spot […]
SINGAPORE/LONDON (Reuters) -The U.S. dollar steadied on Wednesday, back near last week’s close after a day of losses and then of gains, while the Australian dollar rose on the chance of interest rate hikes after surprisingly strong inflation data. The dollar index, which measures the U.S. currency against a basket of six peers, was steady at […]
John Bilton from J.P. Morgan Asset Management has forecasted that European stocks are poised to outperform their U.S. counterparts over the next 10-15 years. The prediction is based on factors such as an overvalued dollar, more attractive starting valuations, and higher overseas dividends. Last year, the U.S market despite having its largest period of outperformance […]
LONDON (Reuters) – Oil prices dipped on Tuesday following the previous session’s slump, while a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture that could weigh on oil demand. Moving between positive and negative territory in the session, Brent crude futures were down 47 cents, or 0.5%, at $89.38 […]
EUR/USD rose 0.2% to 1.0745, continuing its climb from last week’s three-month low of 1.0686 as traders positioned for the ECB’s latest interest rate decision, due later in the session. The central bank was widely expected to pause its rate-hiking cycle after President Christine Lagarde hinted at such a move in late July. However, expectations have since moved more towards […]
SYDNEY (Reuters) – Asian shares fell after Wall Street wobbled overnight with markets bracing for key U.S. inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro was supported by a hawkish shift in expectations for the European Central Bank on Thursday, with […]
CUPERTINO, California (Reuters) -Apple launched a new series of iPhones that included a new titanium shell, a faster chip and improved video game playing abilities. The biggest surprise with the iPhone 15 that will come out Sept. 22: It did not raise prices, reflecting the global smartphone slump. The event at Apple (NASDAQ:AAPL)’s Cupertino, California, […]
Investing.com – U.S. stock futures were trading higher during Sunday’s evening trade, following a mixed week among major benchmark averages amid rising bond yields as comments from the Federal Reserve’s Jerome Powell indicated that policymakers are prepared to raise rates further to combat inflation pressures. By 7:55pm ET (11:55pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 […]