Oil prices up over 1% on US hurricane impact concerns By Reuters – Investing.com
Arunima Kumar (Reuters) – Oil prices rose about 2 percent on Thursday as they continued to rebound on concerns over the impact of Hurricane Francine on U.S. production, but a gloomy demand outlook capped gains. November futures were up $1.24, or 1.8 percent, at $71.85 a barrel as of 1008 GMT, while October futures were […]
Gold prices rise, keep record highs in sight amid bets on smaller rate cut – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, remaining near record highs as traders bet the metal will still benefit from a low interest rate environment. But expectations of a big rate cut from the Federal Reserve have plummeted after August core CPI inflation data came in better than expected. Traders were likely […]
Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut – Investing.com
Investing.com — Most Asian currencies were in a flat to lower range on Thursday, while the dollar strengthened, after a strong U.S. consumer price index dashed hopes that the Federal Reserve would make a bigger interest rate cut. Weak Japanese inflation data weighed on the yen, sending it further down from an eight-month high, but […]
Futures lower, Trump-Harris debate, CPI ahead – what's moving markets – Investing.com
Investing.com — Wall Street stock futures are trending lower as traders focus on upcoming U.S. inflation data and the debate between U.S. presidential candidates Donald Trump and Kamala Harris. The two candidates traded sharp punches, but investors got few details on either candidate's economic policies. Meanwhile, shares of U.S. video game retailer GameStop (NYSE:) fell […]
US stocks fall as energy, financials take hit – Investing.com
Investing.com — U.S. stocks fell on Tuesday, weighed down by declines in energy and financial stocks ahead of a key inflation report. As of 1:56 pm ET (16:46 pm GMT), the benchmark was down 0.2%, while the tech-heavy stocks were up 0.03% and the 30-stock index was down 270 points, or 0.7%. Stock markets were […]
Currencies tread with caution ahead of US inflation test By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady in early trade on Tuesday but the yen edged down from a one-month high as investors braced for U.S. inflation data and reassessed expectations of bigger interest rate cuts by the Federal Reserve starting next week. Friday's labor report did not provide any clear justification for […]
Westpac appoints Anthony Miller as new chief executive officer By Reuters – Investing.com
(Reuters) – Australia's third-largest bank Westpac Banking Corp on Monday appointed Anthony Miller as its new chief executive officer and managing director, effective Dec. 16, 2024. Miller, who joined the company in 2020, was previously chief executive officer of Westpac's business and wealth division. He replaces Peter King, who is retiring after 30 years at […]
Midday movers: Broadcom, Mobileye shares fall; Samsara rises – Investing.com
(Updated – September 6, 2024 12:06 PM EDT) Investing.com — U.S. stock futures fell on Friday as mixed reports on the labor market muddied expectations for the size of the Federal Reserve's next monetary policy decision and sparked sharp disagreement over whether to cut interest rates by 50 basis points or 25 basis points later […]
US futures point lower ahead of crucial August jobs report – Investing.com
Investing.com — U.S. stock futures were trading below flat on Friday as investors awaited a long-awaited labor market report that could influence the Federal Reserve's next monetary policy decision. By 6:21 a.m. ET (10:21 a.m. GMT), the contract was down 130 points, or 0.3 percent, down 34 points, or 0.6 percent, and down 207 points, […]
Futures inch lower, NFPs ahead, Broadcom's outlook – what's moving markets – Investing.com
Investing.com — Wall Street stock futures edged lower ahead of a pivotal labor market report due this week that could influence the size of an interest rate cut by the Federal Reserve scheduled for later this month. Broadcom (NASDAQ:) posted a revenue outlook that fell short of analysts' expectations, sending the artificial intelligence chipmaker's shares […]