WTI price attracts some sellers to near $68.55 in Tuesday’s Asian session. The possible Middle East peace deal caps the WTI’s upside. Expectations for a revival of China’s imports could boost the black gold. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.55 on Tuesday. The WTI price edges lower after the reports that
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Gold prices plunged about 3% on Monday, breaking a five-session rally to its highest in nearly three weeks, as reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump’s nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal’s safe-haven appeal. Spot gold fell nearly 3% to $2,634.78 per ounce by
Dollar remains under pressure as the market heads into the US session, with selling momentum picks up slightly alongside a continued decline in Treasury yields. US stock futures are staging a robust rally, reflecting optimism over President-elect Donald Trump’s selection of Scott Bessent as Treasury Secretary. Bessent is viewed as a safe choice for implementing
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, D.C., June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images The U.S. stock market appeared to cheer President-elect Donald Trump’s presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of
In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images Zoom shares were down 4% in extended trading on Monday after the video calling software maker
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Gold (XAU/USD) daily chart The supposed correction/pullback in gold sure didn’t last long. Dip buyers look to have managed to pass their first test with flying colours. Last week, gold was still in danger as it ran down to test its 100-day moving average (red line). But that proved to be where buyers draw the
NZD/USD weakens to around 0.5855 in Friday’s early Asian session, down 0.18% on the day. The US weekly jobless claims declined to a seven-month low. The RBNZ is expected to cut its interest rates by 50 bps next week. The NZD/USD pair trades in negative territory for the third consecutive day near 0.5855 during the
Written by , ETMarkets.com| Nov 21, 2024, 05:06:51 PM IST 1/7 Market Summary Indian market closed lower on Thursday tracking weak global cues. The S&P BSE Sensex fell more than 400 points while the Nifty50 closed below 23,400 levels. ET Spotlight Special 2/7 Sectoral Summary Sectorally, buying was seen in healthcare, IT and realty stocks while
Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next policy meeting and that the central bank will have a substantial amount of data to consider by then. While he
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer | Bloomberg | Getty Images President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how
In this article INTU Follow your favorite stocksCREATE FREE ACCOUNT Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast
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It is a Buy BUT not yet. Let me explain. Meta Platforms, Inc. (META) remains one of the most popular and closely watched stocks on the market, known for its innovation and dominance in the tech space. But with META trading near its all-time highs earlier this year, many investors are asking: Is it time
It’s a quiet one to start the week and also in terms of market moves so far. The dollar is keeping steady but failed to advance gains at the end of last week, and is seen little changed now. EUR/USD is still holding above 1.0500 while USD/JPY saw a tumble back under 155.00 but is
European Central Bank (ECB) board member Piero Cipollone said on Friday that central bank should cut interest rates further to support the recovery in the Eurozone and also in the face of potential new trade tariffs in the US, per Reuters. Key quotes The pace and extent of reduction will depend on data. Developments remain
Gold prices have experienced a significant decline of around 6% since Diwali, driven by a stronger dollar and concerns over US inflation data. The price of 24-carat gold per 10 grams, which was Rs 80,710 on November 1, fell to Rs 74,031 at the last closing. This sharp correction reflects the ongoing global economic pressures
Dollar regained its dominance in the currency markets last week, surging ahead despite US Treasury yields struggling to break through resistance levels. Investors continued to adjust their expectations for Fed’s monetary policy, increasingly anticipating a slower pace of interest rate cuts with fewer adjustments in the coming year. This shift in sentiment was also reflected
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