ADVERTISEMENT European stocks rose on Wednesday morning after a string of strong corporate results a day earlier, while equities were also boosted by remarks from Federal Reserve Chair Jerome Powell. In Philadelphia on Tuesday, Powell suggested that another interest rate cut could come later this month in the US. In Europe, shares in Netherlands-headquartered ASML,…
Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…
RBI Governor Sanjay Malhotra on Friday said gold prices may now be acting as a fresh barometer of global uncertainty, similar to how crude oil once reflected geopolitical risks, even as he cautioned of a potential correction in global equity markets.Speaking at the Kautilya Economic Conclave 2025, Malhotra noted that despite widespread fiscal stress, oil…
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped nearly 1% on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to global supplies. Brent crude futures fell 63 cents, or 0.90%, to $69.50 a barrel by 0023 GMT after…
Wall Street is set for a busy week with a plethora of economic data releases scheduled. The primary focus for market participants will centre on the September non-farm payrolls report and the August job openings numbers. Beyond these key employment figures, traders will be closely monitoring releases covering S&P final manufacturing and services PMIs, consumer…
Tankers in Spain Photographer: DeAgostini/Getty Images (Bloomberg) — The US sanctioned a Greek shipper and two Chinese port-terminal operators that it said facilitated the transport of Iranian oil, broadening a so-called maximum pressure campaign against Tehran. Antonios Margaritis was designated, along with a web of companies overseen by him in Greece and the Marshall Islands,…
US stocks opened higher on Friday on hopes of a dovish Federal Reserve board after President Donald Trump’s temporary pick for a central bank governor post. As of 12:18 PM Eastern, the S&P 500 was up 0.8%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.9%. As of 9:57 AM Eastern, the…
By Arathy Somasekhar HOUSTON (Reuters) -U.S. crude oil exports eased in July to the lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found cheaper alternatives, undermining U.S. President Donald Trump‘s push for more foreign countries to purchase U.S. energy supplies. The decline in exports from the top…
Indian equity indices are expected to open on a positive note following mixed global cues. The Asian indices were mixed in morning trade. The GIFT Nifty was trading 0.15% higher at 25,532. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that…
Wall Street investors in the week ahead are expected to focus on key economic data, including monthly non-farm payrolls report, and on Senate Republicans’ push to pass US President Donald Trump’s “One Big Beautiful Act” legislation. The Republicans are planning to vote on the proposed budget reconciliation bill over the weekend. It was passed in…