Tag: stocks
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Global stocks hold gains after in-line US CPI
LONDON, Aug 12 : Global stocks held on to gains on Wednesday after U.S. inflation data came in as expected, while oil prices edged higher after a senior Iranian official told Reuters there were no discussions with Washington on extending a ceasefire.The Consumer Price Index edged up 0.1 per cent last month af
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Oil prices rise, stocks mixed ahead of crucial US inflation data
HONG KONG: Oil prices rose again on Wednesday (Aug 12) and stock markets were mixed, with eyes on the release of key United States inflation data that could guide the Federal Reserve on its plans for interest rates.Traders trod nervously ahead of the consumer price index (CPI) figures, which follow a report l
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Oil prices higher, stocks mixed ahead of inflation report
NEW YORK: Oil prices bounced around before finishing higher Tuesday (Aug 11) while global stocks were mixed as markets awaited a key inflation report expected to influence upcoming monetary policy decisions.Crude prices initially rose more than two per cent on hardening rhetoric between th
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Oil prices lower, stocks higher as Hormuz doubts drag on
LONDON: Oil prices fell back in choppy trading and stock markets were marginally higher Tuesday (Aug 11) as investors weighed fading expectations of higher interest rates against concern over oil flows from the Middle East.Oil prices initially rose more than 2 per cent with the United States and Iran appearin
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Global stocks mixed while oil prices jump on Hormuz
“Stocks are doing their best to ignore the situation in the Persian Gulf,” said analyst Steve Sosnick of Interactive Brokers.
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Dollar drops, stocks climb as weak US jobs data eases rate fears
NEW YORK: The dollar fell sharply Friday (Aug 7) after the US economy shed thousands of jobs in July, an economic blow that lowered the risk of an interest rate hike by the Federal Reserve th
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Oil price shoots up as stocks tread water
Oil prices rose as reports of a potential ban on US and Israeli vessels using the Strait of Hormuz raised market concerns.
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Stocks mixed with tech firms back under pressure
HONG KONG: Most Asian markets were mixed on Thursday (Aug 6) with tech firms back under pressure after a four-day rebound amid lingering artificial intelligence worries, while oil edged up even as Iran said it was
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Dow edges to record as markets parse prospects for Hormuz deal
Analyst Patrick O’Hare said markets remained “bullish minded” on hopes of reopening the Strait of Hormuz.
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Tech back in fashion as Asian markets extend rebound
Crude oil tumbled further on Wednesday (Aug 5) after the Trump administration touted an imminent deal to reopen the Strait of Hormuz.
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