Oil prices dip as Iran-Israel fears cool, economic jitters persist
Oil prices fell in Asian trade on Monday, extending losses from the prior week amid growing hopes that the Iran-Israel conflict will not escalate further, while the prospect of steady U.S. interest rates and worsening global economic conditions also weighed. Crude prices were also nursing steep losses over the past week as fears…
US stock futures fall amid hawkish Fedspeak, Netflix sinks on weak outlook
U.S. stock index futures fell in evening deals on Thursday as hawkish comments from Federal Reserve officials furthered concerns over higher-for-longer interest rates, while tech major Netflix (NASDAQ:NFLX) fell sharply as weak guidance overshadowed a strong earnings report. Several Fed officials warned this week that sticky inflation will give the central bank little…
US stock futures muted as Wall St nurses dismal start to Q2
U.S. stock index futures moved little in evening deals on Tuesday, steadying after Wall Street logged a dismal start to the second quarter as uncertainty over the Federal Reserve’s plans to cut interest rates and anticipation of key payrolls data weighed on sentiment. Investors also locked-in profits in several high-flying sectors, particularly technology,…
Texas judge transfers lawsuit over card fees to Washington, D.C
A federal judge in a Texas court that has become a favorite for conservative challenges to Biden administration policies transferred a lawsuit challenging a rule curbing credit card late fees to a court in Washington, D.C. on Thursday. U.S. District Judge Mark Pittman said half of the business groups that sued are based…
US stock futures edge lower as hawkish Waller cools rate cut hopes
U.S. stock index futures fell slightly in evening deals on Wednesday after hawkish comments from Federal Reserve Governor Christopher Waller saw markets run out of steam, following a strong session on Wall Street. Anticipation of a final reading on U.S. fourth-quarter gross domestic product, due later on Thursday, also factored into market caution.…
US stock futures inch higher as AI rally continues; inflation cues awaited
U.S. stock index futures rose slightly in evening deals on Monday, recovering some ground after a negative session on Wall Street as markets remained largely on edge ahead of more cues on inflation and the Federal Reserve. Gains in major artificial intelligence stocks spilled over into aftermarket trade, as investors remained optimistic over…
Oil prices tread water after strong week as Fed, c.bank meetings loom
Oil prices moved little in Asian trade on Monday after a strong run-up over the past week, with traders now hunkering down before a string of key central bank meetings this week helmed by the Federal Reserve. The prospect of tighter global supplies pushed oil prices to four-month highs last week, following signs…
Tech pulls down Asia stocks, dollar gains on inflation data
Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates. U.S. benchmark bond yields held near the 4.3% level they reached on Thursday for the first time this month, following their biggest…
Oil prices rise on signs of big US inventory draw, OPEC demand outlook
Oil prices rose in Asian trade on Wednesday, buoyed by industry data showing an unexpected draw in U.S. inventories, while the OPEC also stuck to its forecast of strong demand growth in the coming years. Brent oil futures expiring in May rose 0.5% to $82.28 a barrel, while West Texas Intermediate crude futures…
Japan’s economy recovering but showing signs of weakness, says BOJ chief Ueda
Bank of Japan Governor Kazuo Ueda said on Tuesday the economy is recovering moderately, but said there were some weakness seen in recent data. “We are focusing on whether a positive wage-inflation cycle is kicking off, in judging whether sustainable, stable achievement of our price target is coming into sight,” Ueda told parliament.…
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