Tuesday, June 3, 2025

Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

Oil prices
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Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data...

Oil Rises After Steep Losses, But Recession Fears Limit Gains

Oil rises
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Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past...

The Latest Twist in the Life-on-Venus Debate? Volcanoes

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Last fall, researchers said the presence of phosphine in the planet’s atmosphere could indicate life. But a new study says there could be a geological explanation. VENUS IS OFTEN called Earth’s sister planet, a neighboring twin of similar density and size. But the resemblance stops there....

Fully vaccinated people can travel on local trains from Aug 15

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Maharashtra Chief Minister Uddhav Thackeray announced that fully vaccinated citizens of Mumbai can travel in local trains from August 15 Speaking in a live webcast, he said that those who have completed 14 days after their second dose of COVID-19 vaccine, can apply on a...

European Stock Futures Higher; PMI Data in Spotlight

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European stock markets are expected to open higher Monday helped by some bargain hunting after last week’s sharp selloff, but confidence remains brittle with a raft of manufacturing surveys likely to point to a slowing global economic recovery in the face of the new...

Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation

Asia FX
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Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after...

Inflation top Worry For G20 Countries -Survey

Countries -Survey
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Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen in several decades, prompting...

China’s Dec Home Prices fall, More Supportive Policies Likely

China's Dec
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China's new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook. New home prices dropped both in monthly...

Vodafone Interim CEO Vows to ‘Do Better’ After Q3 Revenue Growth Slows

Vodafone interim
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in third-quarter revenue growth that stemmed from weak performance in key European markets. Organic growth in service revenue dropped to 1.8% year-on-year during the three-month period to December 31 to €9.52 billion (€1 = $1.0883), down from an increase of 2.5% in the prior...