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Lacklustre safe-haven demand tips gold towards first fall in three years

KEY POINTS Gold faces biggest annual drop since 2015 . Gold has held up reasonably well in growth environment – analyst . Silver poised for worst year since 2014 . For the year, platinum down about 11% so far, palladium 23% . . Gold was heading for its first drop in three years on Friday, …

Lacklustre safe-haven demand tips gold towards first fall in three years قراءة المزيد »

Asia-Pacific stocks mixed; SenseTime jumps in Hong Kong debut

KEY POINTS . Shares in Asia-Pacific were mixed in Thursday trade . Shares of Chinese artificial intelligence firm SenseTime Group rose more than 4% from their issue price in early trading following their Thursday debut in Hong Kong. The stock later extended those gains and finished its first trading day in Hong Kong 7.27% above …

Asia-Pacific stocks mixed; SenseTime jumps in Hong Kong debut قراءة المزيد »

Dollar ticks up against rivals in thin holiday trading

    The dollar ticked up against major rival currencies in holiday-thinned trading on Thursday, as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant Reuters data shows global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the …

Dollar ticks up against rivals in thin holiday trading قراءة المزيد »

Oil rises as fuel demand holds up despite surge in omicron cases

    Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring omicron coronavirus infections Brent crude futures rose 7 cents to $79.30 per barrel, climbing for a fourth day in a row U.S. West Texas Intermediate (WTI) crude futures rose 47 …

Oil rises as fuel demand holds up despite surge in omicron cases قراءة المزيد »

Stocks making the biggest moves midday: Victoria’s Secret, Tesla, Didi and more

Check out the companies making headlines in midday trading Wednesday Victoria’s Secret — Shares of Victoria’s Secret jumped more than 10% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The company also reaffirmed fourth-quarter guidance provided in November, including an up to 3% increase in sales versus last year’s fourth-quarter sales of …

Stocks making the biggest moves midday: Victoria’s Secret, Tesla, Didi and more قراءة المزيد »

Asia-Pacific stocks mixed as investors monitor omicron variant developments

KEY POINTS Shares in Asia-Pacific were mixed on Wednesday The S&P 500 declined from its record closing high overnight stateside while the Dow Jones Industrial Average saw its fifth straight day of gains A study from South Africa found the immune response of people infected with the omicron Covid variant appears to increase protection against …

Asia-Pacific stocks mixed as investors monitor omicron variant developments قراءة المزيد »

Oil prices climb towards $80 on tight supply, stocks fall

    Oil prices declined on Wednesday, even after government data showed U.S. crude and fuel inventories fell, offsetting worries that rising coronavirus cases might reduce demand Brent crude slid 0.7%, or 56 cents, to $78.38 per barrel. U.S. West Texas Intermediate (WTI) crude declined 27 cents, or 0.36%, to $75.76 per barrel Both contracts earlier traded …

Oil prices climb towards $80 on tight supply, stocks fall قراءة المزيد »

Dollar firms in soft holiday trading, outlook bullish

      The dollar inched up on Wednesday as a recent rally in shares showed signs of petering out, but holiday-thinned trading meant markets were showing little real direction The dollar index, which measures the greenback against major peers rose as high as 96.240 during the session versus Monday’s close of 96.068, moving up …

Dollar firms in soft holiday trading, outlook bullish قراءة المزيد »

Gold eases from one-month peak as dollar, equities climb

    Gold prices on Wednesday retreated from a more than one-month peak hit in the last session, as a stronger U.S. dollar and increased appetite for riskier assets depressed sentiment Spot gold fell 0.6% to $1,795.00 per ounce, while U.S. gold futures dropped 0.9% to $1,794.70 “The main market driver is the decline that …

Gold eases from one-month peak as dollar, equities climb قراءة المزيد »

Japan’s Nikkei 225 leads gains as Asia stocks rise after S&P 500 closes at new record overnight

KEY POINTS Shares in Asia rose on Tuesday . Chinese tech stocks in Hong Kong largely fell following a Financial Times report that Didi has indefinitely barred employees from selling their shares .. . The S&P 500 jumped almost 1.4% overnight on Wall Street to its 69th record close of the year . . SINGAPORE …

Japan’s Nikkei 225 leads gains as Asia stocks rise after S&P 500 closes at new record overnight قراءة المزيد »

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