Oil rises 1% as markets await OPEC+ decision
Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data.
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AGM Group Holdings Announces Strategic Upgrade
AGM Group Holdings Inc. (“AGMH” or the “Company”) (AGMH) today unveiled its strategic upgrade aimed at accelerating its global expansion. Focused on advancing its Bitcoin mining and data center operations, AGM Group is diversifying its portfolio to include digital technology, cryptocurrency mining, and technology hardware research and development, manufacture, and sales.
Telsey raises Bath & Body Works shares target to $53 on strong Q4
The company’s fourth-quarter results were highlighted as a testament to the brand’s health and customer appeal. Telsey noted that the year-end earnings reflect a well-received product lineup and brand loyalty, despite the conservative fiscal year 2024 guidance provided by Bath & Body Works.
ECB to cut rates in June, but economists split on risk around timing: Reuters poll
The European Central Bank will first cut interest rates in June, according to a near two-thirds majority of economists in a Reuters poll, though they were split on the chances of the cut coming earlier or later than they expected.
Markets brace for US inflation reading, yen strengthens on BOJ comments
-The dollar tracked toward monthly gains on Thursday as European inflation data trickled in and ahead of highly-anticipated U.S. data, while the sliding yen made back some ground after a policymaker hinted at the need to exit ultra-easy policies.
Gold prices move little as pre-inflation jitters, Fed comments weigh
Gold prices kept to a tight range in Asian trade on Thursday, with traders remaining on the sidelines in anticipation of key U.S. inflation data that is expected to factor into the path of interest rates. The yellow metal was also pressured by overnight comments from Federal Reserve officials that the bank needed to do…
Bitcoin set for biggest monthly jump since 2020 amid ETF boost
SINGAPORE/LONDON (Reuters) – Bitcoin was on track for its biggest monthly gain in more than three years on Thursday and within sight of a record high, propelled by cash rushing into exchange-traded funds.
Turkey receives U.S. draft letters approving F-16 jets deal -official
The United States has sent Turkey draft letters of offer and acceptance regarding its request to buy Block-70 F-16 fighter jets and modernisation kits, Turkey’s defence ministry spokesperson said on Thursday.
Asian shares lose ground as US inflation data awaits; kiwi slides
Asian stocks eased on Wednesday in cautious trading ahead of a U.S. inflation reading this week that could influence the timing of the Federal Reserve’s easing cycle, while the New Zealand dollar fell after the central bank softened its hawkish stance.
Asia FX dips before more inflation cues; Kiwi slides on less hawkish RBNZ
Most Asian currencies moved in a flat-to-low range on Wednesday, while the dollar strengthened as markets positioned for more cues on the U.S. economy and interest rates due later in the week.