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Stocks rise on AI optimism; lower oil helps bonds
LONDON, Sept 21 : Global stocks rose on Monday, recovering some poise, as evidence of booming AI demand lifted tech shares and oil retreated on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.The bond market, which last week endured a sixth straight weekly
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Tech leads shares higher in Asia as oil slips
SYDNEY, Sept 21 : Share markets edged higher in Asia on Monday as AI’s insatiable demand for data buoyed chipmakers, and oil eased on reports more oil was finding its way out of the Middle East than previously thought despite the ongoing conflict in the Gulf.Trade was thin with Japan on its Silver Week holida
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Tech leads shares higher in Asia, oil eases
SYDNEY, Sept 21 : Share markets edged higher in Asia on Monday as AI’s insatiable demand for data buoyed chipmakers, and oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh.Trade was thin with Japan on its Silver Week holiday through to Wednesday, leaving the dollar s
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Oil prices fall for third day on hopes of limited Saudi supply disruptions
Sept 18 : Oil prices fell for a third day on Friday as easing concerns over Saudi supply disruptions outweighed anxiety about a widening the Middle East conflict amid fresh fighting between Saudi Arabia and Yemen’s Houthis.Brent crude futures fell 79 cents, or 0.75 per cent, to $104 a barrel by 0319 GMT, whil
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Japan August inflation slows ahead of expected rate hike
TOKYO: Inflation in Japan slowed slightly last month, official data showed Friday (Sep 18), hours ahead of a central bank meeting where an interest rate hike is widely expected.Core inflation fell to 1.7 per cent in August from 1.8 per cent but remains close to the 2 per cent target set by the Bank of…
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Bank of Japan set to raise interest rates to 31-year high
TOKYO, Sept 18 : The Bank of Japan is set to raise interest rates to a 31-year high on Friday and pledge to deliver more to counter inflation risks, which may heighten if the start of a U.S. rate-hike cycle weakens the yen against the dollar.The widely expected move would be the first hike in…
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Anthropic says Claude now leads a quarter of work building its next AI models
Sept 17 : Anthropic said Claude “leads” 26 per cent of the artificial intelligence research and development work inside the company, part of new measures that it will publish regularly to show outsiders how quickly AI is building the next generation of the technology. AI also collaborated with humans on more
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Trading Day: Lower oil, yields boost stocks
ORLANDO, Florida, Sept 17 : World stocks paused their recent slide and rebounded strongly on Thursday, and the global bond rout also took a breather, as investors digested the US Federal Reserve’s interest rate hike the day before and cheered a second consecutive day of lower oil prices. In my column today
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Major central banks on tightening path amid energy price shock
Sept 17 : Major central banks are on a tightening path, with the Federal Reserve recalibrating its policy to a more restrictive stance on Wednesday, even as traders continue to price in a more aggressive policy response than projected in the U.S. central bank’s so-called dot plot.Economists say markets are ov
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Dollar eases from peak as oil prices extend decline, BoJ in focus
Sept 17 : The dollar climbed to a seven-week high on Thursday after the Federal Reserve raised rates and reaffirmed its commitment to curbing inflation, though it later eased as energy prices extended their fall on diminishing fears of supply disruptions.The Fed raised rates and signalled further hikes, with
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