U S RATING
Oil prices edge down on worries about Chinese demand
Oil prices declined on Tuesday on worries of a slowing Chinese economy crimping demand and despite a growing consensus the U.S. Federal Reserve could begin cutting its key interest rate as soon as September.
Gold prices steady as US rate-cut optimism supports
Gold prices remain stable as market watches for Federal Reserve interest rate decisions. U.S. economic data release expected to provide more insights. Traders predict rate cuts in the coming months. India's platinum imports increase due to loophole usage. Silver declines, platinum slightly drops, palladium remains constant.
Oil prices tick down on worries about Chinese demand
Oil prices decrease slightly due to concerns over China's economic growth and potential U.S. interest rate cuts. Houthi attacks on ships in response to Middle East crisis affect shipping routes. Russian official expects global oil market balance thanks to OPEC+ production agreement.
Gold eases as dollar firms, investors seek more cues on Fed's rate path
Gold prices dropped amid firm dollar; investors focus on Fed comments, economic data. Spot gold at $2,407.29, futures at $2,411.20. Bond futures down on Trump-related uncertainty. Powell to speak; June consumer price drop suggests September rate cut. Key data: retail sales, industrial output, jobless claims. Physical gold demand in Asia weak due to high prices.
IMF says emerging market capital inflows recover to 2018 levels
The IMF's External Sector Report indicated gross capital inflows into emerging markets, excluding China, hit $110 billion or 0.6% of GDP last year, the highest since 2018, amidst high U.S. interest rates. These markets showed resilience. China faced net outflows and negative FDI. Net portfolio inflows dipped; FDI held steady. (David Lawder; Franklin Paul)
Gold eases but set for weekly gain as Fed rate-cut bets boost appeal
Gold prices see a slight dip after three weeks of gains, driven by U.S. inflation data hinting at interest rate cuts. Analysts predict potential record highs as market conditions favor gold. Silver, platinum, and palladium show weekly declines amidst market uncertainties.
Oil rises on cooling US inflation, strong summer demand
Oil prices rose Friday amid strong summer demand and easing U.S. inflation. Brent futures rose 0.4% to $85.77, and WTI rose 0.6% to $83.12. U.S. gasoline demand hit 9.4 million bpd for the week of July 5. US refiners drew from stocks. Falling consumer prices boosted sentiment; WTI futures tight. ANZ’s Daniel Hynes noted the weaker dollar.
Oil prices tick up as crude, gasoline inventories ease
Oil prices rose as U.S. crude and gasoline stocks fell, with Brent at $85.43 and WTI at $82.47. Influences include U.S. inflation data, Federal Reserve actions, Powell's comments, CPI and PPI reports, OPEC's forecast, Hurricane Beryl impact, economic growth, air travel, rate cut speculation, and interest rates affecting borrowing costs.
Oil rebounds as U.S. stockpiles drop, interest rate cut outlook brightens
Oil prices rebounded due to falling U.S. crude stockpiles and rate cut hopes. WTI and Brent futures rose. Investors anticipate economic growth from rate cuts. Powell's comments and limited Texas energy issues post-Hurricane Beryl supported prices. API and EIA foresee higher demand. Crude stocks fell by 1.923 million barrels on July 5. Gasoline inventories also decreased as ports reopened.
Rupee ends flat, tracking rangebound Asian peers; Powell's testimony in focus
Indian rupee hovers near flat against US dollar as investors eagerly await Federal Reserve Chair's comments on interest rates.
Dollar droops before Powell testimony; euro weathers France uncertainty
The U.S. dollar stayed near a multi-week low post-payrolls report, with traders awaiting Federal Reserve Chair Jerome Powell's testimony. The euro steadied despite French political gridlock. The dollar index hit 104.99. Thursday's consumer price data remains crucial. NAB's Ray Attrill highlights investor sentiment amid uncertainties. September rate cut expectations influence the market.
Rupee ends little changed, forward premiums nudge higher
The Indian rupee closed almost unchanged against the U.S. dollar, with state-run bank bids and offers keeping the currency in a narrow range.
Gold lingers near one-month high on Fed rate-cut bets
Gold prices eased slightly after reaching a one-month high due to expectations of a Fed rate cut in September. Unemployment rate increase supports rate cut speculation. China's central bank refrains from gold purchases. Indian dealers offer discounts. Perth Mint reports decline in gold and silver sales.
Oil prices on track for fourth straight week of gains
Oil prices stabilized in Asian trade, set for a fourth week of gains amid strong U.S. summer demand and supply concerns. Brent and WTI prices rose. Russia's Rosneft and Lukoil to cut July exports. Saudi Aramco lowered Asian prices. Sentiment boosted by geopolitical tensions, a 12.2 million barrels draw, potential Fed rate cuts, and the Gaza conflict.
Brent crude above $87 at highest levels since April
Brent crude prices reach a 3-month high at $87 due to a significant drop in US inventories. Market sees gains supported by dollar weakness and improved US fuel demand outlook. However, economic worries persist with unexpected German industrial orders decline and rise in US jobless claims.
Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
Dollar on the defensive after soft data, little relief for yen
Currency markets react to global economic trends, with sterling potentially shifting leadership from Rishi Sunak to Keir Starmer in the UK.
Jobs, inflation data may break the US Treasury market out of narrow range
Bond market trends are closely tied to Powell's testimony, economic indicators, and Treasury yield movements. Factors like the recent Australia inflation rebound, central bank actions, and insights from Macquarie Group are key considerations for investors navigating market uncertainties.
Gold prices heads for quarterly rise; spotlight on inflation data
In the world of gold investment, tracking prices, inflation data, and the Federal Reserve's stance is key. Market dynamics shift based on factors like GDP estimates, equipment spending, and spot silver prices. Understanding these nuances is crucial for making informed investment decisions in a constantly evolving economic environment.
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