Asia Stocks Fall, Aussie Remains Down
Asia Stocks Fall, Aussie Remains Down Hong Kong’s stock market faced a significant setback, plunging by as much as 3.4% upon reopening after a holiday, making it an underperformer compared to other regional indices. This decline contributed to the broader MSCI Asia Pacific Index hitting its lowest point since December of the previous year. Simultaneously, […]
WTI Hits Three-Week Low at $86.95 Amid Stronger USD
WTI Hits Three-Week Low at $86.95 Amid Stronger USD As of October 3, 2023, West Texas Intermediate (WTI) crude oil, the United States’ benchmark for oil prices, is trading at approximately $86.95 per barrel, marking a significant three-week low. This decline represents the fifth consecutive day of negative movement in WTI prices, with the primary […]
Gold Price Plunges to March Low on Elevated Fed Rate Expectations
Gold Price Plunges to March Low on Elevated Fed Rate Expectations The price of gold has sharply declined, hitting its lowest level since March due to expectations of a Federal Reserve interest rate increase. The Fed’s concerns about persistent inflation and the possibility of another rate hike in 2023, combined with strong US macroeconomic data, […]