Nikkei 225, Dow Jones and Nasdaq 100 Lose Upside Momentum
Nikkei 225, Dow Jones and Nasdaq 100 lose upside momentum ahead of Jackson Hole symposium and Fed Chair Jerome Powell speech
Oil Prices Slip for Fifth Session on Demand Worries
Aug 22 Reuters Oil prices fell for a fifth session on Thursday as investors worried about the global demand outlook, despite a decline in U.S. fuel inventories. Brent crude futures slipped 10 cents to 75.95 a barrel, while U.S. West Texas Intermediate crude futures fell 23 cents to trade at 71.70 at 0639 GMT. The […]
INR Ends Lower, Logs Worst SingleDay Fall in nearly 2 mths
MUMBAI, Aug 21 Reuters The Indian rupee dropped on Wednesday to log its worst singleday performance in nearly two months as dollar demand from importers and foreign banks wiped off nearly all of the currency39;s gains from earlier in the week. The rupee closed at 83.9225 against the U.S. dollar, down 0.16 from its close […]
Pound Hovers near OneYear High as Dollar Sags
LONDON, Aug 21 Reuters The pound steadied on Wednesday near the oneyear high it touched against the dollar the previous day, with the U.S. currency under pressure from rising expectations of Federal Reserve interest rate cuts. Sterling was little changed on Wednesday at 1.3025, having touched its highest versus the dollar since July 2023 on […]
Gold Pauses after Record Rally as Market Consolidates ahead of Fed
Gold hit a record high of 2,531.60 on Tuesday FOMC will issue minutes of July meeting at 1800 GMT Aug 21 Reuters Gold prices eased on Wednesday, a day after hitting record highs, as investors awaited U.S. Federal Reserve meeting minutes and Chair Jerome Powell39;s speech for clues to the central bank39;s potential ratecutting path. […]
Londons FTSE 100 Inches Higher as Investors await US Data, Fed Minutes
FTSE 100 up 0.1, FTSE 250 adds 0.2 Mining shares lead broader gains, energy shares top losers Mobico posts jump in firsthalf profit, shares gain U.S. Fed Chair Powell39;s speech on tap Aug 21 Reuters London39;s FTSE 100 inched higher on Wednesday, supported by miners, while traders sensed caution among global markets ahead of U.S. […]
Most Gulf Markets Gain ahead of US Job Data, Fed
Aug 21 Reuters Most major stock markets in the Gulf rose in early trade on Wednesday as investors awaited U.S. economic data and speeches from policymakers that are expected to make the case for rate cuts. Preliminary revisions to U.S. labour data are due later on Wednesday and a large downward revision is expected, which […]
European Shares Rise as Miners Shine; Fed Minutes in Focus
Demant up after MS upgrades to overweight Alcon down after Q2 results STOXX 600 up 0.2 Aug 21 Reuters European shares edged up on Wednesday buoyed by gains in miners, while investors awaited the minutes of the U.S. Federal Reserve39;s July meeting to gauge the direction of global monetary policy. The panEuropean STOXX 600 index ticked […]
E-commerce spending jumps at Target, Walmart, others around Amazon’s Prime Day
Spending around and on Prime Day increased year-over-year for many brands and the online market as a whole with industry-wide discounts becoming the standard for this second digital peak season.
Xiaomi Q2 Revenue Beats Estimate, Reveals Auto Unit Sales
BEIJING, Aug 21 Reuters China39;s Xiaomi Corp on Wednesday reported higherthanexpected revenue for the second quarter, revealing for the first time its auto business unit39;s contribution of 6.2 billion yuan 869.2 million. For the three months ending in June, Xiaomi39;s revenue rose 32 to 88.9 billion yuan, beating the 85.8 billion yuan estimated by analysts, according […]