by Jibran Munaf | July 16, 2024 | Commodities, News
Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 57 cents, or 0.67%, to...
by Jibran Munaf | July 15, 2024 | Commodities, News
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool. Gold prices rose on Monday despite the dollar index rising as investors awaited comments from Federal Reserve officials and additional...
by Jibran Munaf | July 12, 2024 | Commodities, News
Oil prices rose in early Asian trading hours on Friday, buoyed by signs of strong summer demand and easing inflationary pressures in the United States, the world’s largest oil market. Brent crude futures increased by 37 cents, or 0.4%, to $85.77 a barrel by 0031...
by Jibran Munaf | July 12, 2024 | Commodities, News
China’s exports grew at their fastest in fifteen months in June, suggesting manufacturers are front-loading orders ahead of tariffs expected from a growing number of trade partners. Meanwhile, imports unexpectedly shrank amid weak domestic demand, pointing to...
by Jibran Munaf | July 9, 2024 | Commodities, Energy, News
The Guangzhou Futures Exchange (GFEX) said on Tuesday it plans to launch its first platinum and palladium futures contracts in China, the world’s second-largest economy, to offer a domestic price-hedging mechanism. The GFEX will be the first exchange to allow...
by Jibran Munaf | July 3, 2024 | Commodities, News
Most stock market indices in the Gulf Cooperation Council (GCC) region ended June on a positive note, driven by higher energy prices. The Gulf’s equity markets were also supported by gains in blue-chip stocks, according to Kuwait Financial Centre’s (Markaz) monthly...