Oil up 2% but set to end the week lower on demand concerns
By Ahmad Ghaddar LONDON (Reuters) – Oil prices rose 2% on Friday on a softer dollar but were still set to end the week lower as weaker U.S. employment data…
Morning Bid: Dollar stuck in a Hole as Powell speaks
A look at the day ahead in U.S. and global markets from Mike Dolan Jerome Powell takes centre stage at the Federal Reserve’s Jackson Hole jamboree on Friday but the…
Oil set to end week lower on demand concerns, easing supply view
By Ahmad Ghaddar LONDON (Reuters) -Oil prices firmed on Friday but were on track to end the week lower, as weaker U.S. employment data raised concerns over the health of…
Morgan Stanley lowers its global demand growth forecast for oil
Invessting.com — Morgan Stanley has lowered its forecast for global oil demand growth in 2024 to 1.1 million barrels per day from 1.2 million barrels per day. This revision is…
Dollar edges lower ahead of Jackson Hole; euro, sterling higher
Investing.com – The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson…
Russia suspends ferry service to Crimea after Ukrainian port attack
MOSCOW (Reuters) – Russia has suspended a ferry service between southern Russia and Crimea after a Ukrainian attack the previous day hit a vessel loaded with rail cars carrying fuel,…
Russia accuses Ukraine of trying to attack Kursk nuclear power plant with drone
MOSCOW (Reuters) -Russia accused Ukraine on Friday of trying to attack the Kursk nuclear power station overnight in what it called an act of “nuclear terrorism”, days before the head…
Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains
SHANGHAI (Reuters) – Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to…
Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes
Investing.com– Most Asian currencies firmed on Friday as a rebound in the dollar cooled before an upcoming address by Federal Reserve Chair Jerome Powell, where he is expected to provide…
Dollar rebounds against euro before Powell speech
By Karen Brettell NEW YORK (Reuters) -The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday…
