Oil prices hit fresh five-month high
NEW YORK, United States — Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output.
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Asian stocks track Wall St record after Fed keeps rate projection
HONG KONG, China — Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
Asian markets join rally after Wall St, European records
HONG KONG, China — Asian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic about a series of US interest rate cuts this year, with attention now on crucial jobs data due later in the day.
Gold prices reach all-time highs: Which European-listed stocks may benefit?
Gold prices touched $2,150 per ounce (€1,971 per ounce) during the trading session on Wednesday, 6 March, surpassing the previous all-time high of $2,146/oz (€1,968/oz) reached in December 2023.
Asian markets drop as traders temper rate cut bets
HONG KONG, China — Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fueled by bets on interest rate cuts may have gone too far, forcing traders to take a step back.
Fed execs welcome progress on inflation
WASHINGTON: The US Federal Reserve is making good progress in its fight against inflation, senior bank officials said Tuesday while voicing differing opinions on the chances of another interest rate hike.
Markets mixed as traders await US data, Fed speakers
HONG KONG, China — Asian markets were mixed Tuesday following a tepid performance on Wall Street, with profit-taking tempering hopes for Federal Reserve interest rate cuts next year and traders awaiting key US inflation data due later this week.
Hong Kong stocks head into weekend with loss
HONG KONG, China — Hong Kong shares closed the week with another loss Friday as global markets took a hit from Federal Reserve chief Jerome Powell's warning that interest rates could be hiked again to fight inflation.