May 1 (Reuters) – Gold dipped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2% at $3,222.43 an ounce at 9:30 a.m. ET (1330 GMT),…
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(Reuters) – U.S. President Donald Trump’s bruising blast of tariffs last week has thrown emerging market central banks a fresh curve ball with many now forced to make the tough choice between supporting economic activity and keeping fragile currencies stable. Economies such as India and Indonesia had until now taken a cautious approach to interest…
Both the protests and the market fallout could have been worse, Deutsche Bank strategist Jim Reid said in a note to clients on Monday. “The fact that he wasn’t charged with terrorism means the news isn’t as extreme as it could have been,” he argued, noting that “such a move would have led to the…
Iron ore futures prices gained for a second straight session on Tuesday, supported by pre-holiday restocking by steelmakers in top consumer China and revived hopes of stimulus. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.29% higher at 783 yuan ($107.28) a metric ton. The benchmark January iron…
SYDNEY/LONDON, Dec 16 (Reuters) – Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, kicking off a week packed with central bank meetings and major economic data. Figures from China showed retail sales rose just 3.0% in November, compared with…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asia kicks off the final full trading week of 2024 with the monthly ‘China data dump’ landing on Monday, and with investors leaning toward keeping the stock market bull run going as central banks around the world go into easing mode….
The Hong Kong government is taking steps in the right direction to promote the city as an international gold trading centre, but more needs to be done to catch up with rivals like Singapore and Dubai, according to industry players. “Singapore, for the last 12 years, has been pushing its gold industry by allocating land…
MIAMI (Reuters) – Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association’s annual conference in Miami on Monday. Elevated demand for gold from central banks underpinned the price of the non-yielding gold when the global interest rates…
NEW YORK, Oct 14 (Reuters) – U.S. stocks were led higher by technology shares while crude prices dipped on Monday as investors, amid light Columbus Day trading, looked past signs of economic softness in China and girded themselves for a string of high-profile corporate earnings reports. Megacap tech-adjacent growth stocks provided much of the upside…