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US oil inventories reportedly up by 4.05M barrels
Crude oil inventories in the United States increased by 4.05 million barrels in the week that ended May 31, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. During the reported week, gasoline stockpiles rose by 4.02 million barrels, while reserves in Cushing, Oklahoma, allegedly added 983,000 barrels. Meanwhile, distillate inventories are […]
Europe opens higher ahead of new data
Major stock market indexes in Europe opened higher on Wednesday as investors awaited the updates on manufacturing and services in Germany, the United Kingdom, and the Eurozone, and producer prices in the latter. The DAX advanced by 0.54% as Zalando SE expanded by 1.85%. The FTSE 100 rose by 0.41%, with Smith & Nephew PLC […]
Nasdaq 100 closes at all-time high
Major stock markets in the United States ended Friday’s session mostly higher with the Nasdaq 100 closing with a record value of 18,808.347. The Nasdaq 100 advanced by 0.99%, with Ross Stores Inc. skyrocketing 7.79%, Constellation Energy Corporation surging 4.28% and Qualcomm Inc. climbing 4.26%. Within the same index and after exceeding the $2.57 trillion […]
Asia-Pacific trades mostly higher with data in focus
Major stock market indexes in the Asia-Pacific region traded mostly higher on Monday ahead of economic reports scheduled for the rest of the week, including those on Japan’s inflation and employment, and China’s manufacturing sector. Japan’s Nikkei 225 advanced by 0.29% or 112 points at 4:35 am CET as the dollar lost 0.18% to the […]
Silver recovers some losses, rises by 1.5%
Precious metals traded mostly in the green on Friday, recovering somewhat from yesterday’s drop. The price increase was led by silver, which gained over 1.5% as the dollar weakened amid uncertainty about the Federal Reserve’s monetary policy direction. Silver added 1.56% to sell for $30.60 per ounce at 6:55 am ET. Gold increased by 0.54%, […]
Iranian media confirms Raisi’s death
Several Iranian media outlets, including the country’s state television, confirmed the death of 63-year-old President Ebrahim Raisi. The semi-official Mehr news agency, IRNA and the IRIB news agency confirmed the reports of his death. “The helicopter’s passengers, including Ebrahim Raisi, Hossein Amir-Abdollahian, Iran’s East Azerbaijan Province Governor Malek Rahmati, and Ayatollah Mohammad Ali Ale-Hashem, the representative of […]
Silver extends rally, surges 6%
Silver continued to extend gains on Friday, soaring 6% and trading at the highest levels since 2013. The precious metals rally was seemingly fueled by China’s announcement of measures to stabilize the property sector, as well as hopes of the United States Federal Reserve cutting rates soon following the lower-than-expected inflation reading. Silver surged 6% […]
Asia-Pacific trades higher after PBoC’s interest rate decision
Major markets in Asia-Pacific traded higher on Monday following the People’s Bank of China’s interest rate decision. Earlier, it was known that China held its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively. In other news from the region, Thailand’s economy grew by 3.5% in the first quarter of 2024. At […]
Asia trades mixed after Chinese data reports
Stock markets in the Asia-Pacific traded mixed on Friday following the release of major reports on the Chinese economy for April. Retail sales missed estimates, growing by 2.3% year-on-year, while industrial production exceeded expectations, adding 6.7%. The Nikkei 225 dropped 0.42% at 4:15 am CET, the Kospi Composite lost 0.80%, and the S&P/ASX 200 fell […]
Metals rise, silver jumps 3%, gold up 1%
The prices of precious metals continued to advance on Wednesday after the United States reported a weaker-than-expected increase in inflation in April, apparently raising optimism with investors that the Federal Reserve could consider cutting its interest rates in the near future. Silver soared by 3.11% at 1:17 pm ET to sell for $29.50 per ounce. […]
