Oil prices dip as prospect of additional supply offsets Mideast fears
By Arunima Kumar (Reuters) -Oil prices edged lower on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and…
Stimulus impact on Chinese steel demand likely to be modest: UBS
Investing/com — As per analysts at UBS analysts, the impact of China’s recent stimulus measures on steel demand is expected to be modest, despite the potential for initial market excitement. …
Exclusive-Brent oil traders use little known rule to reroute US cargoes
By Florence Tan, Alex Lawler and Robert Harvey LONDON (Reuters) – Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause…
Dollar gains as Powell pushes back on jumbo rate-cut bets
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -The dollar rose broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts.…
Morning Bid: Stocks kick off Q4 at record, euro inflation undershoots
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s S&P500 kicks off the final quarter of a stellar 2024 from yet another record…
Oil prices drop as prospect of additional supply offset Mideast fears
By Arunima Kumar (Reuters) -Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the…
USD/JPY gains, but Ishiba tones down hawkish bias
Investing.com – The recent nomination of incoming Japan Prime Minister Shigeru Ishib has prompted gains in the yen, but UBS doubts his appointment will substantially alter the speed of yen…
Goldman Sachs raises its gold price forecast for early 2025
Investing.com — Goldman Sachs on Monday raised its gold price forecast for early 2025 to $2,900 per troy ounce (toz) from the previous $2,700/toz, citing two primary reasons. Firstly, they…
Dollar gains after Powell’s speech; euro slips ahead of CPI release
Investing.com – The U.S. dollar rose Tuesday as Federal Reserve Chair Jerome Powell played down the likelihood of another outsized interest rate cut, while the euro slipped lower ahead of…
Dollar firm after Powell pushes back on aggressive easing bets
By Kevin Buckland and Brigid Riley TOKYO (Reuters) – The U.S. dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on…
