steady
US stocks pared premarket losses Thursday but remained under pressure after a cooler-than-expected reading on producer prices helped soothe investor worries stemmed by Wednesday’s surprise uptick in consumer prices. Futures on the Dow Jones Industrial Average (
(Reuters) -Oil prices were little changed on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up marginally at $89.49 per barrel at 0330 GMT, while U.S. […]
The last time the Fed cut rates was at the onset of the pandemic, slashing rates to near-zero levels. Fed Chair Jerome Powell explained the cuts were needed to counter the dangers that Covid posed to the economy. Before the pandemic, the Fed cut rates in 2019 as the trade war between the United States […]
Share: Here is what you need to know on Tuesday, January 9: After struggling to find demand during the American trading hours on Monday, the US Dollar seems to have stabilized early Tuesday, with the USD Index fluctuating above 102.00. Eurostat will release the Unemployment Rate data for November. Later in the day, November […]
NEW YORK (AP) — It’s not just you. Across the U.S., prices at the pump have felt milder in recent months. Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross, spokesperson for motor club AAA, said Tuesday. As of Tuesday, the national average for […]
LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in […]
The Xi-Biden summit in San Francisco comes at a critical juncture for the United States and China as the global giants attempt to strike a balance amid strategic competition in an increasingly precarious world. It is essential for the U.S. and the world at large to acknowledge that China plays a significant role in determining […]
WASHINGTON (November 6, 2023) — According to the American Chemistry Council (ACC), the Global Chemical Production Regional Index (Global CPRI) trended higher by 0.6% in September, following a revised 0.6% gain in August. In the U.S., the U.S. Chemical Production Regional Index (U.S. CPRI) was flat in September, following a 0.8% gain in August. Both […]
Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights TOKYO, Sept 13 (Reuters) – The dollar was broadly steady ahead of . . .
SINGAPORE, June 8 (Reuters) – The dollar was on the back foot on Thursday, though it drew some support from higher U.S. Treasury yields as traders contemplated the possibility of another rate hike by the U.S. Federal Reserve, even if it pauses next week. Surprise rate increases by the Bank of Canada (BoC) and the […]