Tag: cent
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Dollar heads for fourth straight weekly gain versus euro
NEW YORK, Oct 2 : The dollar was on track for a fourth straight weekly gain against the euro on Friday, supported by elevated US Treasury yields amid a selloff in European government bond markets and expectations the Federal Reserve will maintain its hawkish interest rate stance. The greenback trimmed some
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US job growth slows sharply in September; unemployment rate rises to 4.2%
WASHINGTON: US job growth slowed more than expected in September and the nonfarm payrolls count for the prior two months was revised sharply lower, almost taking another interest rate hike from the Federal Reserve this month off the table.The Labor Department’s closely watched employment report on Friday (Oct
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Oil price drops more than $3 on talks over diesel, crude stock releases
LONDON, Oct 2 : Oil prices fell more than $3 and European gasoil futures dropped over 4 per cent on Friday after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies. Brent was down $3.06, or 3 per cent, at $99.25 a barrel at 1409…
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Global shares gain, bonds supported as oil drops, jobs data misses expectations
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell, while weaker-than-forecast US jobs data scuppered chances of a rate hike from the Federal Reserve later this month. Nonfarm payrolls increased by 29,000 jobs last month after a downwardl
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Global shares gain, bonds supported as oil drops ahead of US jobs data
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell ahead of key US jobs data that could shape expectations for the Federal Reserve’s next policy move. In Europe, longer-dated sovereign bond prices rose on the day, although those in more ind
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Oil price drops more than 2% on talks over diesel, crude stock releases
LONDON, Oct 2 : Oil prices fell more than 2 per cent and European gasoil futures dropped about 5 per cent on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.Brent fell $2.57, or 2.51 per cent, to $99.74 a barrel at 1035 GMT. West…
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Hedge funds struggle for September gains as rate, AI swings bite
HONG KONG, Oct 2 : Global hedge funds struggled to deliver positive returns in September as surging bond yields, higher oil prices and sharp swings in AI shares whipsawed the markets, according to prime brokerage notes and investors.Global fundamental equity long-short funds on average lost 0.55 per cent last
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Hong Kong August retail sales rise 5.6%
HONG KONG, Oct 2 : Hong Kong’s August retail sales value jumped 5.6 per cent from a year earlier to HK$32.1 billion ($4.09 billion) for a 16th month of gains, government data showed on Friday.• In July, retail sales value rose 4.5 per cent on the year• Growth was seen across many types of retail…
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Oil falls about 3% on talks over diesel, crude stock releases
LONDON, Oct 2 : Oil prices fell about 3 per cent and European gasoil futures dropped over 5 per cent on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.Brent fell $2.83, or 2.77 per cent, to $99.48 a barrel at 0842 GMT. West Texas
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Global shares rise as bond selloff eases before US jobs
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased ahead of key US jobs data that could shape expectations for the Federal Reserve’s next policy move. In Europe, longer-dated sovereign bond prices rose on the day, although those in more indebted countries, lik
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