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Gold retakes $1,900/oz level after U.S. inflation ticks up

KEY POINTS Spot gold had risen 0.3% to $1,902.27 per ounce by 1:51 p.m. EDT (1751 GMT), having earlier dipped as much as 0.8%. It is on course for its fourth straight weekly gain, up 1.1%. U.S. gold futures settled up 0.4% at $1,905.3. Gold reversed course and turned positive on Friday, popping above the …

Gold retakes $1,900/oz level after U.S. inflation ticks up قراءة المزيد »

Oil ends day slightly lower, but posts a weekly gain amid expectations of a demand rebound

Oil prices fell slightly on Friday but posted a weekly advance as strong U.S. economic data and expectations of a rebound in global demand outweighed concerns about more supply from Iran once sanctions are lifted. WTI settled down 0.79% at $66.32 after hitting a high of $67.52 the highest level since May 8. WTI closed …

Oil ends day slightly lower, but posts a weekly gain amid expectations of a demand rebound قراءة المزيد »

European markets close higher as U.S. data boosts recovery hopes

KEY POINTS The pan-European Stoxx 600 ended up 0.57%, passing Thursday’s intraday record high. Global equities look to be heading for a seventh consecutive day of gains after first-time jobless claims in the U.S. fell to a new pandemic low of 406,000, according to Labor Department data. Euro zone economic sentiment climbed more than expected …

European markets close higher as U.S. data boosts recovery hopes قراءة المزيد »

Central Bank of Jordan to sponsor 12th Jordan Economic Forum 2021

Amman, Jordan – AFAQ Group, MENA region’s renowned exhibitions organizer, has announced the launch of the 12th Jordan Economic Forum – JOAEF Virtual, June 29-30, 2021. Held under the patronage of H.E. Dr. Ziad Fariz, the Governor of the Central Bank of Jordan, the conference will welcome executive delegates in an innovative highly immersive virtual …

Central Bank of Jordan to sponsor 12th Jordan Economic Forum 2021 قراءة المزيد »

Japan’s Nikkei 225 jumps 2%; JD Logistics pares gains after blockbuster debut in Hong Kong

KEY POINTS Shares of JD Logistics opened at 46.05 Hong Kong dollars before surging to more than 18% from their issue price at one point .Much of those gains were later pared, with the stock ending the trading day 3.32% above its issue price. Shares on Wall Street gained overnight following the release of stronger-than-expected …

Japan’s Nikkei 225 jumps 2%; JD Logistics pares gains after blockbuster debut in Hong Kong قراءة المزيد »

Gold subdued as dollar, yields tick up ahead of U.S. inflation data

KEY POINTS Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain. U.S. gold futures eased 0.1% to $1,896.20. Gold prices edged lower on Friday, as an uptick in the dollar and U.S. Treasury yields …

Gold subdued as dollar, yields tick up ahead of U.S. inflation data قراءة المزيد »

Brent nudges towards $70 on rosy U.S. data, oil demand outlook

KEY POINTS Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel by 0050 GMT. U.S. West Texas Intermediate crude for July was at $67.17 a barrel, up 32 cents, or 0.5%. Oil prices pushed higher on Friday, supported by firm U.S. economic data and expectations of a strong rebound in global …

Brent nudges towards $70 on rosy U.S. data, oil demand outlook قراءة المزيد »

Dollar firms ahead of inflation data, yuan sails higher

KEY POINTS The dollar hit a seven-week peak against the yen and firmed on other majors as traders braced for what is expected to be a robust U.S. inflation figure on Friday. The Chinese yuan extended gains to head for its best month since November. The dollar hit a seven-week peak against the yen and …

Dollar firms ahead of inflation data, yuan sails higher قراءة المزيد »

European markets hit record high as U.S. data boosts recovery hopes

KEY POINTS Global equities look to be heading for a seventh consecutive day of gains after first-time jobless claims in the U.S. fell to a new pandemic low of 406,000, according to Labor Department data. A host of business climate, economic sentiment and consumer confidence surveys for May are due out of the euro zone …

European markets hit record high as U.S. data boosts recovery hopes قراءة المزيد »

Asia-Pacific stocks mixed; Xiaomi shares in Hong Kong surge about 2%

KEY POINTS Industrial profits in China soared 57% year-on-year in April, the National Bureau of Statistics said Thursday. Shares of Xiaomi in Hong Kong jumped almost 2% by Thursday afternoon after the Chinese smartphone maker on Wednesday reported a nearly 55% surge in its first quarter revenue as compared with the same period a year …

Asia-Pacific stocks mixed; Xiaomi shares in Hong Kong surge about 2% قراءة المزيد »

Dollar firms as traders brace for U.S. inflation gauge

KEY POINTS The dollar found support on Thursday from emerging views the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy. In a market heavily short dollars, the mere suggestion of tapering is enough to temper further selling and against the euro and the yen the dollar held late Wednesday …

Dollar firms as traders brace for U.S. inflation gauge قراءة المزيد »

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