Gold prices retreat from peak levels, with risk aversion providing some support
Gold prices retreat from peak levels, with risk aversion providing some support H.G Markets: Gold prices retreated towards $2,120 per ounce on Wednesday, as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s testimony before the US Congress on Wednesday and Thursday. Powell’s statements are eagerly awaited for insights into the timing […]
Biden’s Downsized Power Rule Raises Questions Over Us Environment Target
Biden’s Downsized Power Rule Raises Questions Over Us Environment Target H.G Markets: The Biden organization’s choice to prohibit the current U.S. armada of gaseous petrol power plants from forthcoming fossil fuel byproducts guidelines brings up issues over the country’s capacity to meet its environment objectives, as per scientists. Tidying up the U.S. power industry, wellspring […]
US Stocks Reach Record Highs on Inflation Data
US Stocks Reach Record Highs on Inflation Data H.G Markets: Asian equities advanced on Friday, led by Japan, following record highs in US stocks driven by in-line inflation data. Japan’s Nikkei benchmark surged up to 2.1% to reach an all-time high, approaching the 40,000 mark, after a two-day decline. This positive momentum was spurred by […]
Oil prices decline due to Fed caution and stock build, outweighing OPEC+ news
Oil prices decline due to Fed caution and stock build, outweighing OPEC+ news H.G Markets: Oil prices in Asia retreated on Wednesday, influenced by the potential delay in the U.S. rate-cutting cycle and an uptick in U.S. crude stocks. Brent crude futures declined by 0.36%, or 30 cents, to reach $83.35 per barrel, while U.S. […]
Japan CPI Eases Somewhat But Not Exactly Expected In Jan, Core Inflation At 2%
Japan CPI Eases Somewhat But Not Exactly Expected In Jan, Core Inflation At 2% H.G Markets: Japanese consumer inflation fell somewhat not exactly anticipated in January, despite the fact that core inflation stayed close to a two-year low as consumer spending eased back in the midst of tension from weakening economic conditions. Core consumer price […]
Gold Holds above $2,020 Amid Fed’s Caution on Early Rate Cuts, Geopolitical Tensions
Gold Holds above $2,020 Amid Fed’s Caution on Early Rate Cuts, Geopolitical Tensions H.G Markets: Gold maintained its position above $2,020 an ounce on Friday, poised to close the week with gains, supported by a weaker dollar and increased demand for safe-haven assets. Gold prices showed minimal movement in Asian trade, remaining within a recently-established […]
Oil prices increase amid considerations of Red Sea attacks and expectations of U.S. rate cuts
Oil prices increase amid considerations of Red Sea attacks and expectations of U.S. rate cuts H.G Markets: Oil prices rebounded in Asian trading on Wednesday, driven by concerns over attacks on shipping in the Red Sea and growing expectations that U.S. interest rate cuts will be delayed. Brent crude futures rose by 30 cents, […]
Dollar Consistent As Higher Inflation Fades Rate Cut Assumptions
Dollar Consistent As Higher Inflation Fades Rate Cut Assumptions H.G Markets : The dollar was consistent on Monday after information last week showing U.S. inflation stayed sticky casting questions on when the Central bank would begin its rate cut cycle, while the yen remained established close the mentally key 150 for every dollar level. The yen […]
Wall Street Moves Beyond Inflation Worries Before PPI Release
Wall Street Moves Beyond Inflation Worries Before PPI Release H.G Markets : Wall Street investors brushed off mixed economic data, driving up stocks and bonds ahead of a pivotal inflation report shaping the Federal Reserve’s next moves. Despite technology losses, the S&P 500 hit a new high, and a drop in retail sales eased worries about […]
CPI Shockwaves Hit Asian Stocks, Nikkei Retreats From 34-Year Peak
CPI Shockwaves Hit Asian Stocks, Nikkei Retreats from 34-Year Peak H.G Markets : Asian shares experienced significant declines on Wednesday, following a similar trend seen on Wall Street due to concerns sparked by higher-than-expected U.S. inflation data. The Japanese Nikkei 225 dropped by 0.8% as investors decided to take profits after reaching 34-year highs, especially in […]