Oil Prices Higher on Fed Comments, Middle East Tensions

SINGAPORE, Jan 5 Reuters Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the IsraelGaza conflict from widening. Brent crude futures were up 32 cents, or 0.4, to […]
Read More

Mobileyes Supply Glut Warning Rattles Auto Chip Stocks

Jan 4 Reuters Selfdriving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will batter its results this year, sparking a selloff in the shares of auto chip suppliers. Shares of the Israelbased company, whose customers include Volkswagen and Porsche, tumbled 28.2 to more than a oneyear low of […]
Read More

Ford Posts Highest US Auto Sales since 2020

Jan 4 Reuters Ford Motor on Thursday posted its best annual auto sales in the United States since 2020, helped by sustained demand for cars and pickup trucks, a day after many of its peers reported doubledigit gains in new vehicle sales. The Detroit automaker said vehicle sales rose 7.1 to 1.99 million units in 2023. […]
Read More

Sterling Surges on BetterthanExpected PMI, Consumer Credit

LONDON, Jan 4 Reuters Sterling surged on Thursday after data showed British borrowers increased demand for loans, while a separate business survey showed a more resilient than feared economic picture. Bank of England BoE data showed on Thursday net borrowing by British consumers was the highest in nearly seven years in November and lenders approved the most […]
Read More

Contraction for U.S. Manufacturing, Lower JOLTS Job Openings

Previous Trading Days Events 03 Jan 2024 Bitcoin fell rapidly around 1300 yesterday, a total of nearly 4800 USD, before eventually retracing. Markus Thielen, Matrixport analyst said that the Securities and Exchange Commission will likely reject all bitcoin spot ETF proposals this month. Source httpswww.theblock.copost270125secwillrejectallbitcoinspotetfsinjanuarysaysmatrixportanalyst According to the JOLTS report, U.S. job openings fell to […]
Read More

Most Gulf Markets Gain on Rising Oil Prices

Jan 4 Reuters Most stock markets in the Gulf ended higher on Thursday on the back of rising oil prices, with the Saudi index leading the gains. Oil a catalyst for the Gulf39;s financial markets  rose by about 1, extending gains amid concerns over Middle Eastern supply after disruptions at an oilfield in Libya and heightened […]
Read More