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European shares flat ahead of data-packed week European shares began the week on a cautious note as investors awaited key economic data. The STOXX 600 index remained steady. Notable stock movements included TotalEnergies rising after a new deal with Air France-KLM, while Commerzbank fell due to ...
23 Sep, 2024, 12.59 PM ISTGold breaks $2,600 barrier as Fed cut bets prolong historic run Gold prices surged past $2,600 for the first time, driven by expectations of further U.S. interest rate cuts and rising Middle East tensions. Spot gold rose 1.3% to $2,620.63 per ounce, while U.S. gold futures increased by 1.2%. Analysts predict pot...
21 Sep, 2024, 09.31 AM ISTGold skyrockets as stars align for Fed rate cuts Gold prices surged to record highs, driven by expectations of interest rate cuts by the U.S. Federal Reserve and other central banks. Spot gold reached $2,582.04 per ounce, while U.S. gold futures settled at $2,610.70. The dollar's decline and fund ...
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Oil falls 2% to end volatile week, focus on China demand concerns Oil prices fell nearly 2%, with Brent crude below $80 a barrel, as investors adjusted expectations of demand growth from China. China's economic slowdown and reduced refinery crude processing contributed to lower demand forecasts. Market movements w...
17 Aug, 2024, 10.16 AM ISTGold hits record high as global markets rise Gold hit a record high on Friday as global stock markets gained on reassuring data about the health of the world's biggest economy and likely US interest rate cuts. The gold spot price rose to a record high of $2,509.41 an ounce as investors snapped...
17 Aug, 2024, 10.09 AM ISTOil dips as demand concerns outweigh Middle East supply fears Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production.
06 Aug, 2024, 07.31 PM ISTOil set for weekly loss as markets worry about demand Oil prices rose on concerns of high interest rates impacting fuel demand. Federal Reserve's interest rate policy, US crude oil inventories, and statements from Fed Chair Jerome Powell influenced market sentiment. Analysts anticipate market shifts as...
25 May, 2024, 10.00 AM ISTOil edges higher after inflation gloom hit prices Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation could prolong higher interest rates and curb fuel demand.
24 May, 2024, 07.38 PM ISTUS overtakes China as Germany's top trading partner The United States surpassed China as Germany's top trading partner in Q1, with trade totaling 63 billion euros, compared to China's just under 60 billion euros. This shift is attributed to the robust U.S. economy, declining trade with China, and str...
09 May, 2024, 12.44 PM ISTOil down on Middle East talks while investors await Fed meeting Oil edged lower on Tuesday after U.S. data showed healthy crude output and exports, extending losses prompted on Monday by hopes of an Israel-Hamas ceasefire, while investors await signals on U.S. interest rates from the Federal Reserve meeting this...
30 Apr, 2024, 07.12 PM ISTOil heads for weekly gain as Middle East conflict rages unabated Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas.
10 Feb, 2024, 09.46 AM ISTOil gains with Gaza ceasefire talks in focus Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinken's efforts in the Middle East to halt the Gaza war and quell tensions in a major oil-producing region.
06 Feb, 2024, 08.19 PM ISTOil prices firm on Middle East crisis and Libya outage ?Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day's heavy losses.
09 Jan, 2024, 09.35 PM ISTCommerzbank wins crypto custody licence in digital assets push The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German full-service bank” to get the license...
15 Nov, 2023, 08.37 PM ISTOil climbs, fuelled by tighter supplies, China stimulus Oil prices rose on Friday as evidence of tightening supplies and economic stimulus in slow-recovering China buoyed the market. Brent futures were up $1.02 at $80.66 a barrel, while US West Texas Intermediate crude climbed $1 to $76.65 a barrel. Comm...
21 Jul, 2023, 05.39 PM ISTSurprise fall in factory orders adds to German woes On the other hand, thee motor vehicle and electrical equipment sectors saw an increase in new orders in April.
07 Jun, 2023, 10.24 AM ISTOil rises but set for weekly loss as economic uncertainty weighs Oilfield services giant SLB beat Wall Street estimates for first-quarter profit, as elevated crude prices and tight supplies increased demand for its services.
22 Apr, 2023, 10.48 AM ISTGold rally cools as focus turns to Fed move Bullion has gained over $100 after the collapse of U.S.-based Silicon Valley Bank earlier this month, as investors scrambled for the safe haven.
21 Mar, 2023, 09.57 PM ISTOil prices dip on recession worries, but supply cuts support Brent crude futures were down 76 cents, or 0.8%, at $93.81 a barrel at 1044 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 85 cents, or 1%, to $88.26.The Brent and WTI contracts both oscillated between positive and negative territor...
14 Oct, 2022, 05.20 PM ISTOPEC+ oil boost likely not much help to high gasoline prices OPEC+, which includes Russia, confirmed the decision from its last meeting. Before that, it had been adding about 432,000 barrels per day monthly to put oil back on the market after cutting production dramatically during the height of the pandemic.
30 Jun, 2022, 07.03 PM IST