Oil prices steady after weak Chinese data, US inventories draw
Investing.com– Oil prices edged higher in Asian trade on Wednesday as industry data showed a bigger-than-expected draw in U.S. inventories, although a build in distillate stockpiles somewhat offset optimism over…
Interactive Brokers and HSBC Launch Global Trading Platform
Global electronic brokerage firm Interactive Brokers has collaborated with HSBC to enable HSBC’s clients to access the global trading markets through a unified platform. Dedicated Forex cloud solutions with stable…
Oil steadies as OPEC keeps demand forecasts unchanged
By Ahmad Ghaddar LONDON (Reuters) -Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) kept its growth forecast for oil demand unchanged for this year…
XAU/USD: Citi expects physical gold demand to rebound, maintains $3,000 target
Physical gold demand likely softened in the second quarter compared to the first, although “off a very strong base,” Citi analysts said in a Tuesday note. The Wall Street behemoth…
China and Brazil to try out beef traceability plan
BEIJING (Reuters) – China, the world’s largest beef importer and Brazil, the biggest supplier, will set up a pilot scheme as part of efforts to make beef production more sustainable,…
Exclusive-Bank of Israel waiting for digital euro ahead of digital shekel launch
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is…
Oil edges higher on likely US inventory drawdown
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Wednesday on expectations that U.S. crude and gasoline inventories fell last week, but further gains were limited by the restart of…
BofA sees EUR/USD parity as a rare event, ‘unlikely’ to happen
Bank of America analysts noted that while some market observers continue to speculate about the possibility of the EUR/USD exchange rate reaching parity, such an event is considered rare and…
Factbox-How US states are testing cattle and humans for bird flu
By Leah Douglas and P.J. Huffstutter (Reuters) – States in the U.S. are playing a key role in the nation’s response to a growing outbreak of avian flu among dairy…
Morning Bid: Calm markets as China skirts deflation, NZ doves coo
A look at the day ahead in U.S. and global markets from Mike Dolan Even if U.S. inflation remains too irksome for the Federal Reserve to sound the all clear,…
