Financial news

28.07.2021 12:00:17

Gold rises, hovers near $1,800 mark as Fed decision looms

Gold rose in Asia on Wednesday, staying near the key $1,800 mark as investors await the US Federal Reserve’s latest policy decision. Gold futures climbed up 0.36% to $1,806.35 by 12:01 AM ET (4:01 AM GMT). The dollar, which typically ...
28.07.2021 12:00:17

Oil rises, still kept in check by virus threat

Oil rose in Asia on Wednesday as a draw in US crude supplies boosted expectations that demand will overcome supply growth. However, rising numbers of coronavirus cases worldwide have dampened oil’s gains. Brent oil futures climbed up ...
28.07.2021 12:00:17

Dollar rises ahead of Fed’s new policy

The dollar rose in Asian trade on Wednesday driven by a tech crackdown in China and caution before the Federal Reserve's latest policy decision. However, the greenback remained below recent peaks. The U.S. Dollar Index that measures ...
28.07.2021 12:00:17

European stocks up as earnings boost investors mood

European stocks went up on Wednesday, boosted by positive earnings report from the British bank Barclays and luxury group Kering that prompted investors to overlook concerns about China’s regulatory crackdown that has kept markets on ...
28.07.2021 11:00:11

Oil climbs up amid Delta spread

Oil continued its gains as investors wager that the global demand recovery will remain unaffected in spite of the spike in COVID-19 cases that led to more restrictions on mobility in several regions. Futures in New York went up 0.3% to trade ...
28.07.2021 11:00:11

Asian equities up as investors anticipate Fed meeting, US company earnings

Asian equities went up on Tuesday following the previous day’s year to date low, with traders keeping watch on the US where key companies would be reporting earnings and the Federal Reserve would meet to discuss policy within the week. MSCI’s ...
28.07.2021 11:00:10

Gold down ahead of Fed policy decision

Gold dropped on Tuesday morning in Asia as investors become wary ahead of US Federal Reserve policy decision. The Fed’s decision, to be announced later in the week, could provide clues on when the central bank will adopt a more hawkish ...
28.07.2021 11:00:10

Australia’s CPI rises in Q2

Australia’s consumer prices grew at the fastest annual pace in almost 13 years in the second quarter. This was attributed to higher gasoline prices and the unwinding of government subsidies. However, a far lower figure for core inflation ...
28.07.2021 11:00:10

UK June home prices decline on tax cut

British home prices dropped in July following a trim down of a coronavirus emergency tax break for buyers at the end of June. However, mortgage lender Nationwide said pandemic-driven demand for bigger homes will support the market. House prices ...
27.07.2021 13:00:09

U.S. new home sales hit 14-month low in June

The United States saw its sales in single-family homes decline in June, touching a 14-month low. Meanwhile the preceding month’s sale was also lower than expected. This was owed mainly to a surge in property prices caused by expensive ...
27.07.2021 12:00:16

Dollar steadies as investors anticipate new Fed policy outlook

The dollar slightly edged up on Tuesday and lingered below recent peaks as investors await this week’s Federal Reserve meeting for hints on the new policy outlook. The Dollar Index that measures the greenback against other major currencies ...
27.07.2021 12:00:15

China sees slow growth in June industrial profit

China’s economic recovery faces a new bump in the road as profit from its industrial firm  slowed for the fourth straight month in June due to high raw material prices. Tuesday’s data from the National Bureau of Statistics ...
26.07.2021 12:00:21

Japan posts slowest factory activity expansion in five months

A private sector survey on Monday showed Japan’s factory activity expanded at the slowest pace in five months in July, a development that threatens to stall the country’s economic recovery from the coronavirus pandemic.  The ...
26.07.2021 11:00:10

Dollar falls but places near multi-month highs

The dollar fell in Asian trade on Monday but lingered near its strongest level since early April 2021 versus the euro. Investors are now anticipating the U.S. Federal Reserve’s new policy decision set to be released on Wednesday. The ...
26.07.2021 11:00:09

Heathrow urges Britain to open up travel after sluggish recovery

London's Heathrow Airport called for Britain to allow vaccinated passengers to travel after trailing behind Europe in recovering from the coronavirus pandemic with losses amounting to $4 billion. The airport that used to be Europe’s ...
23.07.2021 14:00:11

Oil steady, above $71 amid tighter market outlook

Oil remained steady and held the bulk of a three-day advance, trading above $71 as confidence that the increasing demand will tighten the global market takes hold. West Texas Intermediate dropped 0.3% in early Asian trading, putting a stop ...
23.07.2021 14:00:11

Gold down as dollar continues dampened recovery

Gold dropped on Friday in Asia but still recovering from the over one-week low hit in the last session. Retreating US bond yields and weaker-than-expected US economic data have also contributed to dampening the effect of the dollar’s ...
23.07.2021 14:00:11

Asian stocks up but investors cautious, digest US data

Asia Pacific stocks went up on Friday morning but concluded the week with a watchful eye as investors continue to mull over the latest US economic data and earnings. South Korea’s KOSPI went up 0.22% by 9:56 PM ET (1:56 AM GMT) while ...
23.07.2021 14:00:11

Dollar rises, ends trading week without much changes

The dollar rose on Friday morning in Asia but was expected to end the trading week close to where it started. Investors took stock following a volatile week in which currencies moved due to fluctuating risk appetite levels. The U.S. Dollar ...
23.07.2021 14:00:11

South Korea shows biggest economic growth in ten years

South Korea’s economy grew faster on an annual basis in the second quarter, achieving its fastest year-on-year growth in a decade driven by strong export demand and investment. The country’s economy is projected to have grown at ...
23.07.2021 14:00:10

Car chip shortage to end in 2022, smartphones seen to be hit next

Automotive industry executives said the global semiconductor shortage could last until the second quarter of 2022. However, smartphone production is seen to be hit next, indicative of a possible shortage in supply of appliances and industrial ...
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