Oil Nudges Higher on Hopes of Summer Fuel Demand

SINGAPORE, June 10 Reuters Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer, although a firmer dollar boosted by lower chances of imminent interest rate cuts capped gains. Brent crude futures gained 15 cents, or 0.2, to 79.77 a barrel by 0644 GMT and U.S. West Texas Intermediate crude […]
Read More

Chinas Home deStocking Push to Bring Developers Little Cheer

HONG KONGBEIJING, June 10 Reuters China39;s efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cashstrapped developers due to the programme39;s limited size and potentially low prices, analysts and developers say. As part of a support package for the crisishit property sector, Beijing announced last month a plan for a […]
Read More

Saudi Aramco Shares Trade Higher after Share Offering

DUBAI, Reuters Saudi Aramco39;s shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least 11.2 billion. The shares opened at 27.95 riyals a share, after closing the previous session on Thursday at 28.3 riyals, but climbed to 28.35 riyals by 0730 GMT. The secondary share sale39;s final price […]
Read More

Euro Slides to 1mth Low, Macron Calls Snap French Election

SINGAPORE, June 10 Reuters The euro fell sharply on Monday, hit by political uncertainty after French President Emmanuel Macron called a snap legislative election, while the dollar was firm ahead of the Federal Reserve39;s meeting later in the week. The dollar was supported by a strongerthanexpected jobs report on Friday that cooled rate cut expectations and so suggested the U.S. […]
Read More

Gold Holds Steady after Biggest SellOff in 312 Years

Gold shed 3.5 on Friday, the most since November 2020 Mediumterm bullish trend in gold seems to be damaged analyst US CPI data due out on Wednesday US Federal Open Market Committee meeting starts on Tuesday June 10 Reuters Gold prices held steady on Monday, after plunging in the previous session on China39;s central bank […]
Read More