Dollar steady ahead of inflation data; sterling slips after job numbers
The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates.
2024
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Oil prices edge lower ahead of US inflation data; OPEC maintains forecasts
Oil prices edged slightly lower Tuesday, handing back some of the previous session’s gains in cautious trade ahead of key U.S. inflation data, while OPEC+ kept its demand and supply forecasts unchanged.
Bitcoin (BTC) Could Be on Verge of Surprising Comeback
Bitcoin is showing the potential for a significant recovery, driven by recent ETF activities and price stabilization. According to SoSoValue, the Hong Kong Bitcoin Spot ETF saw a net redemption of 519.5 Bitcoins on May 13, bringing the total number of Bitcoins held to 3,560. This ETF has experienced net redemptions for three consecutive days, with…
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.13%
The best performers of the session on the Tadawul All Share were Al-Jouf Agriculture Development Co (TADAWUL:6070), which rose 7.58% or 4.70 points to trade at 66.70 at the close. Meanwhile, Basic Chemical Industries Co (TADAWUL:1210) added 5.36% or 1.85 points to end at 36.35 and AL-BABTAIN POWER &TELECOM CO (TADAWUL:2320) was up 3.91% or 1.75 points…
US futures, Chinese inflation, Arm’s AI division – what’s moving markets
U.S. stock futures edged higher Monday, continuing the recent positive tone ahead of the release of key inflation data, which could be the deciding factor in the near-term direction for markets.
Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE
The U.S. dollar edged higher Thursday, trading in a tight range ahead of next week’s all-important U.S. inflation data, while the pound slipped ahead of the Bank of England’s policy-setting meeting.
Oil slips on signs of weak fuel demand, strong dollar
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy.
Do Traditional Investors See Bitcoin as Risk Asset?
The surge in demand for Bitcoin has coincided with significant selling of gold ETFs, which experienced outflows of $7.7 billion over the same period, even as the price of gold reached an all-time high of $2,200 per troy ounce.
Maersk stock surges as shipping rates from Asia to Europe soar
The surge comes amid a sharp increase in the future prices for transporting a container from China to Europe in June 2024. Since October, these prices have skyrocketed by nearly 400%.
China’s central bank pledges to support economic recovery
China’s central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country’s economic recovery, which still faces many challenges.