Oil declines 2% as fuel supplies and output rise in U.S.A
Oil declines 2% as fuel supplies and output rise in U.S.A On Wednesday, oil prices fell by around 2% as concerns about a shortage of crude oil were somewhat offset by an increase in gasoline and distillate stocks in the United States and concerns about weaker global economic growth. Brent futures for August delivery decreased […]
U.S. stocks fail to change much as the quarter end approaches
U.S. stocks failed to change much as the quarter end approaches As investors analyzed remarks made by central bankers at a panel in Europe and anticipated more quarterly profit reports, U.S. stocks ended the day with no movement. On Wednesday, the Dow Jones Industrial Average rose 82.32 points, or 0.3%, to 31029.31. The NASDAQ Composite […]
Over the past 24 hours, crude oil prices increased while gold prices decreased
Over the past 24 hours, crude oil prices increased while gold prices decreased Over the past 24 hours, gold prices have been trending marginally lower as crude oil prices managed to end the day positively. An increase in the US dollar, which resulted from risk aversion as the tech-heavy Nasdaq 100 fell more than 3 […]
Stocks drop following poor consumer confidence reading
Stocks drop following poor consumer confidence reading As investors analyzed new economic data in search of hints regarding the rate of monetary policy tightening, U.S. stocks declined on Tuesday, giving up early gains and sliding for a second straight day. To reach 30946.99, the Dow Jones Industrial Average fell 491.27 points, or 1.6 percent. Earlier […]
UAE claims it has no spare capacity, oil prices jump by 1%
UAE claims it has no spare capacity, oil prices jump by 1% The energy minister of the United Arab Emirates stated that the country is producing near capacity, defying expectations that this could assist boost supply in a tight market. As a result, oil prices increased by nearly 1% in early Asian trade on Tuesday. […]
Stock Market declines following massive rally last week
Stock Market declines following massive rally last week U.S. stocks declined on Monday, erasing some of the gains made during a surge last week as expectations for the direction of interest-rate rises by the Federal Reserve softened. Early gains were erased by the S&P 500, which dropped 11.63 points, or 0.3 percent, to close at […]
After stock rebound week, stock futures are marginally higher
After stock rebound week, stock futures are marginally higher Following a significant recovery last week from this year’s sharp declines, U.S. stock futures increased marginally on Monday morning. Wall Street is getting ready to close out the worst first half for equities in decades despite the rebound. Futures for the Dow Jones Industrial Average increased […]
As the commodity markets drop, gold and silver decline
As the commodity markets drop, gold and silver decline As the metals markets are participants in a general erosion of the commodity markets driven by crude oil, gold and silver prices are slightly lower in lunchtime U.S. trade on Thursday. Fears of a U.S. and worldwide economic crisis as well as predictions of decreased demand […]
As US administration strives for lower gasoline cost, oil prices are falling
As US administration strives for lower gasoline cost, oil prices are falling Oil prices fell sharply in early trade on Wednesday, despite US President Joe Biden’s efforts to lower increasing fuel costs, which included pressure on large US corporations to help drivers during the country’s peak summer demand. At 00:31 GMT, US West Texas Intermediate […]
After a recent pullback, US stocks are up 2%
After a recent pullback, US stocks are up 2% Following a recent selloff, global market indices rose dramatically on Tuesday, with major U.S. stock indexes each closing the day up more than 2%, while the Japanese yen sank to its lowest level since October 1998 against the US dollar. As investors returned from a long […]
Prior to the European open, gold and silver are trading lower
Prior to the European open, gold and silver are trading lower Gold prices have retraced ahead of the European open after a strong day on Thursday (-0.62%). It has a similar effect as silver (-0.28%), albeit to a smaller amount. Copper is trading flat in the rest of the commodities complex, but spot WTI is […]
Fears about economy are causing stock global markets to collapse
Fears about economy are causing stock global markets to collapse The United Kingdom and Switzerland boosted interest rates on Thursday, a day after the Federal Reserve of the United States announced the highest rate hike since 1994 affected the global stock market. Policymakers are hiking interest rates in order to decrease demand and alleviate some […]
Gold rises as the dollar falls in anticipation of the Fed’s decision
Gold rises as the dollar falls in anticipation of the Fed’s decision The dollar index fell 0.2 percent on the day after hitting a near two-decade high the day before, while benchmark US 10-year Treasury yields also fell from multi-year highs. According to Saxo Bank analyst Ole Hansen, gold is trapped between “those focusing on […]
Fed’s rate hike, the stock market in the United States rallied
Fed’s rate hike, the stock market in the United States rallied Stocks in the United States jumped on Wednesday after the Federal Reserve approved its largest interest-rate hike since 1994, although the central bank hinted that such moves would be rare. The S&P 500 index increased 54.51 points, or 1.5 percent, to 3789.99, ending a […]
Investors expect a major Fed rate hike; gold is higher on lower yields
Investors expect a major Fed rate hike; gold is higher on lower yields Weaker Treasury yields raised gold prices from near one-month lows on Wednesday, ahead of a possible aggressive interest rate hike by the US Federal Reserve to combat inflation amid rising fears of an oncoming recession. As of 0229 GMT, spot gold was […]
Stocks fall further into a bear market ahead of major Fed comments
Stocks fall further into a bear market ahead of major Fed comments Most stocks on Wall Street fell in their first trading day Tuesday after plunging into a bear market on fears that soaring inflation may force central banks to slam the brakes on the economy too forcefully. The S&P 500 index slid 14.15 points, […]
S&P 500 entered a bear market, global stocks dropped
S&P 500 entered a bear market, global stocks dropped Stock futures increased, indicating that U.S. markets were on the verge of recovering from a meltdown that pushed the S&P 500 into a bear market on Monday, but Asian stocks remained under pressure. In Asia on Tuesday morning, S&P 500 futures were up 0.6 percent. The […]
Beijing’s COVID warning and inflation fears resulted fallen in prices of Oil
Beijing’s COVID warning and inflation fears resulted fallen in prices of Oil On Monday, oil prices fell more than $2 as a flare-up in COVID-19 cases in Beijing dampened prospects for a quick increase in China’s fuel demand, while concerns about global inflation and economic development weighed on the market. By 0033 GMT, Brent crude […]