It has largely shrugged off Tuesday’s hotter-than-expected U.S. consumer inflation data and is roughly unchanged since the figures. The index is up around 1.5% this year as U.S. data has shown that the economy remains strong, causing investors to rein in their bets on rapid and deep interest rate cuts.
The U.S. dollar edged higher in European trade Thursday, retaining recent strength ahead the release of more cues on U.S. interest rates in the form of producer inflation and retail sales data.
Oil prices rose Thursday, boosted by the International Energy Agency lifting its annual crude demand growth forecast, while a substantial draw in U.S. gasoline inventories pointed to tighter fuel supplies.
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today unveiled its Rollup-as-a-Service (RaaS) solution for building Layer 2 blockchains (L2s) on BNB Chain. RaaS provides large-scale Dapps, enterprise and BNB Chain itself with the technological infrastructure needed to deploy dedicated L2s on BNB Smart Chain (BSC), further expanding the…
On Thursday, Piper Sandler adjusted its outlook on BP (NYSE:NYSE:BP), increasing the price target to $40 from $38 while maintaining a Neutral rating on the stock. The firm highlighted the oil sector’s unusual position of experiencing both volume and cash flow growth, noting significant developments in the fourth quarter of 2023.
