Oil prices rose 1% on Thursday, recovering from the 1% loss in the previous session. The rally came as Middle East tensions escalated. Meanwhile, the decline on Wednesday came after a bigger-than-expected increase in crude oil inventories. The conflict between Israel and Hezbollah heated up on Thursday, raising fears of a broader war that would Read More…
Gold prices rose by 1% to a record high on Tuesday and extended the move Wednesday due to safe-haven demand. Market participants are flocking to gold amid political uncertainty ahead of the US election. At the same time, developments in the Middle East have raised demand for the yellow metal. Spot gold (Source: Bloomberg) The Read More…
Equities ended in the red on Monday as Treasury yields rose, reflecting a decline in Fed rate cut expectations. Experts observed that market participants were likely taking profits before a week full of earnings reports from major companies such as Tesla and Coca-Cola. US Treasury yields hit a 12-week high on Monday, signaling growing expectations Read More…
Oil rebounded on Thursday due to an unexpected draw in crude inventories. However, prices ended near a two-week low on Wednesday as downward pressure from demand concerns and easing Middle East tensions persisted. China’s weak economic performance has led to a downgrade in the global oil outlook. Meanwhile, the calm between Israel and Iran has Read More…
Gold prices rose on Tuesday and Wednesday as a decline in Treasury yields increased demand for the non-yielding metal. Meanwhile, market participants awaited more data from the US on sales and jobless claims for clues on the Fed’s future policy moves. Gold (Source: Bloomberg) Treasury yields slipped after data revealed soft manufacturing activity in New Read More…
Equities ended higher on Monday as technology stocks rallied despite thin holiday trading. Risk sentiment improved on Friday after major banks reported positive earnings. Meanwhile, market participants are preparing for the crucial US retail sales report later this week. S&P 500 earnings estimates (Source: Bloomberg Intelligence) Despite poor estimates, the stock market rose as the Read More…
