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Gold Hovers Near Seven-week High As Fed Hike Bets Ease
Gold prices held steady on Monday after U.S. employers unexpectedly cut jobs in July and hiring figures for the prior two months were also revised downward, helping ease the risk of an immediate U.S. interest-rate hike.
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30 days ago
Oil Prices Climb On Hormuz Reopening Uncertainty
Oil prices traded higher on Monday amid growing doubts that the U.S. and Iran will soon strike a deal to allow vessels to freely transit the critical Hormuz strait.
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30 days ago
European Shares Mixed Amid Hormuz Reopening Uncertainty
European stocks were mixed on Monday as uncertainty over the reopening of the Strait of Hormuz lingered and investors looked forward to the release of U.S. inflation readings later in the week for additional clues on the Fed's rate trajectory.
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30 days ago
Asian Shares Rise On Easing Fed Rate Hike Bets
Asian stocks rose broadly on Monday after U.S. employers unexpectedly cut jobs in July and hiring figures for the prior two months were also revised downward, helping ease the risk of an immediate U.S. interest-rate hike.
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30 days ago
European Shares Seen Tad Lower At Open As Hormuz Risks Mount
European stocks are seen opening a tad lower on Monday as investors weigh ongoing uncertainty surrounding the Strait of Hormuz and look forward to the release of key U.S. data this week, including the consumer and producer price index readings for additional clues on the Federal Reserve's rate trajectory.
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31 days ago
Indian Shares Marginally Lower In Lackluster Trade
Indian shares were subdued in early trade on Monday as uncertainty over the reopening of the Strait of Hormuz overshadowed growing expectations that the U.S. Federal Reserve will not raise interest rates next month.
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31 days ago
Australian Market Expands Early Losses In Mid-market
The Australian stock market is expanding its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 9,250.00 level, with weakness in energy and financial partially offset by gains in mining stocks.
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31 days ago
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid easing concerns about an imminent interest-rate hike by the US Fed after reported showed an unexpectedly modest decrease in U.S. employment in the month of July. Meanwhile, uncertainty continues over the timing of the opening of the Strait of Hormuz.
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31 days ago
Indian Shares Seen Modestly Higher At Open
Indian shares look set to open on a positive note on Monday, tracking firm cues from global markets as fears of an imminent Federal Reserve rate hike eased.
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31 days ago
Rebound Expected For Thai Stock Market
The Thai stock market headed south again on Friday, one day after ending the three-day slide in which it had fallen more than a dozen points or 0.7 percent. The Stock Exchange of Thailand now sits just above the 1,610-point plateau although it's expected to move higher again on Monday.
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31 days ago
Higher Open Called For Indonesia Stock Market
The Indonesia stock market bounced higher again on Friday, one day after snapping the modest two-day winning streak in which it had collected more than 80 points or 1.3 percent. The Jakarta Composite Index now rests just above the 6,400-point plateau and it's expected to open to the upside again on Monday.
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31 days ago
Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The Nikkei 225 is moving above the 66,500 level, with gains in exporters and technology stocks partially offset by weakness in index heavyweights, automakers and financial stocks.
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31 days ago
Hong Kong Shares May See Additional Support On Monday
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had advanced almost 1,050 points or 4.2 percent. The Hang Seng Index now sits just beneath the 25,670-point plateau and it's expected to extend its gains on Monday.
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31 days ago
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