Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply

Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely offset positive supply-side signals from a bigger-than-expected draw in crude inventories. A growing number of Wall Street banks warned of a potential recession in 2023, especially if interest rates keep rising and if inflation proves to be stickier than expected. Strong U.S. economic data this week suggested that upward pressure on inflation is likely to…

"Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply"

Gold Slumps Below $1,800 as Fed Fears Resurfacea

Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for the first session in four on Monday, recovering from a five-month low after U.S. factory orders and services sector data showed that some facets of the economy were running well above…

"Gold Slumps Below $1,800 as Fed Fears Resurfacea"

Asia FX Rallies on China Reopening Fervor, Dollar Hits 5-Month Low

Most Asian currencies rose sharply on Monday as more Chinese cities relaxed some anti-COVID measures, while improving risk appetite and expectations of smaller rate hikes saw the dollar sink to an over five-month low. The yuan was the best performer for the day, rising 0.9% to 6.9628- its strongest level against the dollar since mid-September. The offshore yuan also rose nearly 1%. Several Chinese cities relaxed movement curbs and testing mandates over the weekend, drumming…

"Asia FX Rallies on China Reopening Fervor, Dollar Hits 5-Month Low"

France’s Macron Discussed Twitter Content Rules in Meeting With Musk

Emmanuel Macron said he had a “clear and honest” discussion with Twitter owner Elon Musk about the social media platform’s content moderation policies, just a day after the French president had flagged his concerns on the issue. “Transparent user policies, significant reinforcement of content moderation and protection of freedom of speech: efforts have to be made by Twitter to comply with European regulations,” Macron said in a tweet after his meeting with Musk on Friday…

"France’s Macron Discussed Twitter Content Rules in Meeting With Musk"

Dow Futures Dip Following Mixed Session, Nonfarm Payrolls in Focus

U.S. stock futures were trading lower during Thursday’s evening deals, following a mixed performance among major indices as market participants braced for key jobs data slated for release later in Friday’s session. By 6:25 PM ET (11:25 PM GMT) Dow Jones Futures were little changed, S&P 500 Futures eased 0.1% and Nasdaq 100 Futures dipped 0.2%. In extended deals, Samsara Inc (NYSE:IOT) popped 21.2% after reporting Q3 losses of $0.02 per share versus expected losses…

"Dow Futures Dip Following Mixed Session, Nonfarm Payrolls in Focus"

Asia FX Turns Cautious Ahead of U.S. Payrolls, Dollar Hits 3-Mth Low

Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were also set for strong gains this week as the Federal Reserve flagged smaller interest rate hikes in the coming months- a scenario that is positive for risk-driven assets. The Japanese yen rose 0.1%, and was…

"Asia FX Turns Cautious Ahead of U.S. Payrolls, Dollar Hits 3-Mth Low"

Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut

Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a bellwether for the economy- weakened substantially in November, official and private surveys showed this week. This largely offset optimism over the country’s scaling back of some COVID-19 curbs in two…

"Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut"

jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone

Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. Chair Jerome Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rates increases next month, while reminding Americans that…

"jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone"

Asia FX inches Higher Ahead of Powell speech, China optimism Fades

Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations of slower interest rate hikes by the Fed. The Chinese yuan rose 0.2%, even as data showed that business activity…

"Asia FX inches Higher Ahead of Powell speech, China optimism Fades"

Oil Surges As Speculation Over OPEC Cut Outweighs China concerns

Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests in China and hawkish signals from the Federal Reserve worsened the outlook for demand. Oil marked a volatile start to the week, initially tumbling as much as 3% as Chinese protests against the government’s strict zero-COVID policy intensified. But prices recovered later in the session, ending Monday a shade higher…

"Oil Surges As Speculation Over OPEC Cut Outweighs China concerns"