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...
by Jibran Munaf | June 28, 2024 | Commodities, Energy, News
Brent crude futures for August settlement, which expire on Friday, rose 41 cents. Oil prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank will soon start to cut interest...
by Jibran Munaf | June 20, 2024 | Commodities, Markets, News
Spot gold rises 0.6% to $2,341.15 per ounce amidst softer U.S. economic data and rate cut expectations Gold prices reached a two-week high on Thursday as weaker U.S. economic data fueled expectations of interest rate cuts by the Federal Reserve this year. As of 0512...
