Oil edged lower after a four-day rally of almost 6% as traders took stock of the advance and looked toward a US interest-rate decision.
Federal Reserve policymakers are poised to hike interest rates to the highest level in 22 years, while retaining a tightening bias that signals the possibility of an additional move later in the year.
Oil traded near a three-month high as China flagged more measures to boost economic growth, aiding the outlook for energy demand just as the global market shows signs of tightening.
South Korea’s economic growth accelerated a tad more than expected in the second quarter, with much of the gain resulting from the impact of net trade, as exports fell less than imports.
Investors in Japan’s bond market are bracing for turbulence that has the potential to test the Bank of Japan’s yield target in the lead up to next week’s policy decision.
The dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japans core consumer inflation re-accelerated in June.
Tesla stock (TSLA) is down after the bell as the electric vehicle maker reported a revenue and earnings beat, but margins that came in below expectations. Tesla CEO Elon Musk also indicated that Q3 production would be down slightly compared to the prior q
Investors poured $45 billion into the stock market in June, Bank of America said. Thats as inflation fades and recession fears appear to be on the decline, spurring more bullishness. Inflation cooled to 3% in June, which helped drive $12 billion into s
Japan bond bears are turning their attention to Friday’s inflation data, the next potential catalyst for speculation about looming monetary policy tweaks that would bump up yields.
Rio Tinto Group said second-quarter shipments of iron ore fell 1% from a year earlier, as China’s faltering economic recovery continued to weigh on demand.
When a “special rebalance” of the Nasdaq 100 Index was touched off to curb the dominance of the biggest technology stocks, Meta Platforms Inc. was the only megacap to fall below a crucial threshold for downsizing. Now it seems the social media giant will
If earnings are solid, "this would confirm the ongoing rally in US equities and sets us up for further upside," DataTrek said.
Chinas economy grew at a frail pace in the second quarter as demand weakens at home and abroad, with the post-COVID momentum faltering rapidly and raising pressure on policymakers to deliver more stimulus to shore up activity.
Chinas industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery.
This week’s government inflation data showed used car prices were falling and likely stabilizing to levels just above pre-pandemic pricing. It seems prices for used electric vehicles, however, are falling even faster.
