Gold prices muted as payrolls data fuels rate jitters
Investing.com– Gold prices fell in Asian trade on Monday as traders braced for a slower pace of U.S. interest rate cuts following stronger-than-expected nonfarm payrolls data, which supported the dollar. …
Column-Structural shifts or price moves? China’s bifurcated commodity imports: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) – China’s imports of major commodities in 2024 presented a mixed bag, with record volumes of iron ore, coal and natural gas, but weakness…
Hong Kong to expand yuan trade finance, Bond Connect schemes, HKMA says
HONG KONG (Reuters) – Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors, Eddie…
US oil sanctions give Trump administration more leverage over Russia, JPM says
Investing.com– The Biden administration last week announced its most targeted sanctions yet against the Russian oil industry, pushing oil prices to a three-month high as traders positioned for tighter markets. …
Asia FX weakens as dollar surges to 26-mth peak on rising rate jitters
Investing.com– Most Asian currencies weakened on Monday, seeing sustained pressure from strength in the dollar as stronger-than-expected U.S. payrolls data fueled increased expectations that interest rates will fall at a…
China steps up policy measures to defend fragile yuan
SHANGHAI (Reuters) – China stepped up its policy measures on Monday to defend a weakening yuan by relaxing rules to allow more offshore borrowing and sending verbal warnings as the…
Oil jumps on expectations new US sanctions to cut Russian supply
By Florence Tan SINGAPORE (Reuters) – Oil prices hit their highest level in more than three months on Monday’s open, extending their rally on expectations that wider U.S. sanctions will…
Oil prices extend rally over fresh US sanctions on Russian exports
Investing.com– Oil prices jumped in Asian trade on Monday, building on last week’s rally as markets reacted to the potential for significant supply disruptions following the United States’ imposition of…
Oil hits more than 3-month high as US sanctions hit Russia exports
By Florence Tan SINGAPORE (Reuters) – Oil prices hit their highest level in more than three months on Monday’s open, extending their rally on expectations that wider U.S. sanctions will…
Tougher U.S. sanctions to curb Russian oil supply to China and India
By Nidhi Verma, Chen Aizhu, Siyi Liu and Florence Tan NEW DELHI/SINGAPORE (Reuters) – Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas,…
