Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data
Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria,...
Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery
Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s...
Asian Stocks Sink As Fed Week Begins, China Reopens Strong
Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose sharply as they resumed trade after a week-long holiday. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite...
Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year
Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales...
Nikkei Closes Above 33,000 For The First Time In 33 Years
Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an...
“Pakistan Meteorological Department Issues Weather Forecast for Lahore and Punjab”
The Pakistan Meteorological Department (PMD) has issued a weather forecast for Lahore and parts of Punjab, predicting more rain, wind, and thunderstorms, along with isolated hailstorms over the next few days. This weather pattern is due to a westerly wave prevailing over the western...
Experts Say It’s Unlikely Fully Vaccinated People Are Unknowingly Spreading COVID-19
Those who previously had COVID-19 may wonder how strongly they are protected from the delta variant.Natural immunity does, in many cases, protect people from reinfection. And when they do occur, they tend to be mild.Due to the unknowns, some experts are advising people who...
TURBULENCE IN THE BOND MARKET: WHAT DOES IT MEAN FOR INVESTORS?
Risk-reward is looking favourable for investors as absolute yields have risen considerably over the past six months and now give a reasonable safety cushion to absorb mark to market volatility Year 2022 is proving to be yet another year dominated by unprecedented events causing...
Indian Stocks Rise On Strong Bank Earnings, Asian Markets Advance
Indian stocks rose on Monday following a series of strong earnings from heavyweight bank stocks, while broader Asian stocks rose slightly, although market holidays dulled trading volumes across most of the region. India’s BSE Sensex 30 and Nifty 50 indexes rose 0.7% each, buoyed...
Asia FX Muted, Dollar Steadies As Fed Meeting Looms
Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains...