Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production. Brent crude futures were down 41 cents, or 0.54%, to $75.89 a barrel at
Dollar is showing broad but mild strength today as global financial markets stabilize after recent turmoil. The stock market rebound, including a notable 10% surge in the Nikkei, appears to be driven by short covering rather than a sustained recovery. Despite the temporary calm, the risk of another round of sell-offs remains, but with some
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Justin Sullivan | Getty Images Yum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. “The impacts from the
The US Dollar is recovering from Monday’s meltdown and advances against the Japanese Yen. Overnight, the RBA confirmed the Fed’s stance that a few data points are not enough to change the narrative. The US Dollar index flirts with a break above 103.00 and could turn this week’s performance into positive territory. The US Dollar
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Fundamental Overview The weak US NFP report last Friday led to a key breakout in the USDJPY pair which eventually triggered another deleveraging in the Yen carry trades. Things got dire yesterday as the Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the
The decline in total activity eases for another month but it is still at relatively depressed levels. Employment conditions continued to fall as firms remain more pessimistic about the outlook for the sector, even more so than in June. HCOB notes that: “The most positive thing that can be said about these figures is that
Gold October futures contracts at MCX opened flat on Tuesday at Rs 69,302 per 10 gram, which is down by merely 0.01% or Rs 7 while silver September futures contracts were trading at Rs 79,705/kg, up by 0.13% or Rs 107. In the last 2 days, the prices of gold have fallen by Rs 500/10
The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after yesterday’s history plunge of -12.4%. However, this recovery was not mirrored by other Asian markets. Investor sentiment remains fragile, with
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Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip of just over 3% from the same period
NZD/USD rebounds to near 0.5955 in Tuesday’s early Asian session. Traders raise pressure on the Fed to take more aggressive rate action. The interest rate cut by the RBNZ in August cannot be ruled out, said BNZ analysts. The NZD/USD pair recovers some lost ground around 0.5955 after retracing to near 0.5850 during the
The NZDUSD had a rollercoaster ride today with the pair reaching a new low for the year (but only by 3 or so pips). That low took out lows from April and July. After failing on the brake, the price rocketed higher, erasing all the declines and trading higher on the day. At the high
It’s almost 10 pm in Tel Aviv and eyes are on the Middle East where they will stay in the overnight hours. There have been many leaks suggesting that Iran will attack Israel imminently. Most expect something similar to the last round of drone attacks, which were mostly shot down and none resulted in any
Gold October futures contracts at MCX opened flat on Monday at Rs 70,150/10 gram, which is up by 0.52% or Rs 361 while silver September futures contracts were trading at Rs 83,100/kg, up by 0.74% or Rs 607. In the last one week, the prices of gold have gained Rs 1,550/10 gm while silver has
Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed by the severe drop in Japan. Concurrently, DOW futures are down over -1100 points, with S&P 500 futures down -4.4%
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron missed second-quarter earnings expectations, hurt by lower refining margins. The oil major also said Friday it is moving its headquarters from San Ramon,