Morning Bid: Powell stirs rate hopes, Trump trade cools
A look at the day ahead in U.S. and global markets from Mike Dolan After a jarring Monday that spurred a wave of U.S. election trades, world markets zeroed in…
Roth MKM cuts its oil prices forecast for 2024
Roth MKM trimmed its oil prices forecast for 2024 amid heightened geopolitical risks and declining global oil inventories this summer. The investment bank’s 2024 Crude Oil WTI Futures oil price…
Dollar edges higher on Trump ascendancy; ECB meeting looms
Investing.com – The U.S. dollar edged higher in early European trade Tuesday, climbing away from one-month lows as traders digested the increased chance of former President Donald Trump returning to…
Oil falls on lingering demand concerns in China
By Arathy Somasekhar and Trixie Yap (Reuters) -Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve…
Gold prices rise, close to record highs as rate cut bets mount
Investing.com– Gold prices rose in Asian trade on Tuesday, coming within sight of new highs amid increased bets that the Federal Reserve will begin cutting rates from September. But gains…
Asia FX muted as dollar perseveres; yen on intervention watch
Investing.com– Most Asian currencies moved in a flat-to-low range on Tuesday as speculation over a Donald Trump presidency helped the dollar rise past increased bets on interest rate cuts. The…
Oil prices fall on lingering Chinese demand concerns
By Arathy Somasekhar and Trixie Yap (Reuters) -Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve…
Oil prices fall amid China demand woes, rate cut hopes
Investing.com– Oil prices fell in Asian trade on Tuesday, weighed chiefly by signs of increasing economic weakness in top importer China, which could limit demand in the coming months. But…
Oil prices tick down on worries about Chinese demand
By Arathy Somasekhar (Reuters) – Oil prices edged lower on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will…
UK building firms face worst recruitment problems, survey shows
LONDON (Reuters) – Construction and engineering firms are bearing the brunt of Britain’s shortage of workers, according to a survey that underscores the challenge for Prime Minister Keir Starmer to…
