trading
Trading
Oil prices ease as markets weigh China stimulus hopes
Trading
Asian stocks drift, yen at 5-month low in thin year-end trading
Trading
Dollar stays resilient, Asia shares wobble
Trading
Oil prices edge higher on hopes for more China stimulus
Oil prices rise in thin pre-Christmas trade
Date: December 24, 2024
By Paul Carsten LONDON (Reuters) -Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 47 cents, or 0.7%, at $73.10 a barrel, and U.S. West Texas Intermediate crude futures rose...
Sterling edges up in holiday-thinned trading
Date: December 24, 2024
By Amanda Cooper LONDON (Reuters) – The British pound strengthened modestly in a holiday-shortened trading session on Tuesday, but could face a more uncertain path next year as global monetary policy diverges, analysts said. Sterling was last up 0.1% at $1.2544, set for a 1.6% loss in December, marking a third successive monthly loss. Against...
Oil prices ease on surplus concerns, dollar strength
Date: December 24, 2024
By Nicole Jao NEW YORK (Reuters) -Oil prices edged lower on Monday in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar. Brent crude futures settled down 31 cents, or 0.43%, at $72.63 a barrel. U.S. West Texas Intermediate crude futures fell 22 cents, or...
Asia shares rise, dollar underpinned by elevated bond yields
Date: December 24, 2024
By Rae Wee SINGAPORE (Reuters) – Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S. Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025. After a recent run of central bank decisions, this week...
Dollar bounces from inflation data drop, euro soft
Date: December 23, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar advanced after a drop in the prior session while the euro edged lower on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. The dollar index, which measures the U.S. currency against six...
Sterling struggles to regain steam against dollar
Date: December 23, 2024
By Greta Rosen Fondahn (Reuters) – Sterling looked lacklustre against the dollar on Monday as a survey reported a decline in domestic UK business confidence and traders digested a recent Federal Reserve-induced rally in the greenback. British business confidence fell to its lowest level of 2024 in December, although employers were a bit more optimistic...