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Dollar near 7-week lows as investors look for fresh drivers

LONDON: The dollar neared a seven-week low against a basket of other currencies on Wednesday, while commodity currencies advanced on relief that the latest round of tariffs announced by China and the United States were not as harsh as the market expected.

Banks resume lift in early trade

KUALA LUMPUR: A positive performance on Wall Street overnight gave Asian stocks a running start at Thursday's open

US oil prices extended gains Thursday amid another drawdown(Update)

NEW YORK: U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns over U.S. sanctions on Iran that come into force in November.

U.S. West Texas Intermediate crude for October delivery was up 31 cents, or 0.4 percent, at $71.43 a barrel by 0018 GMT, after settling up $1.27.  Front-month London Brent crude, for November delivery, was down 2 cents at $79.38, having ended up 37 cents.

S&P 500, Dow up as rising treasury yields boost banks

NEW YORK: The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.The tech-heavy Nasdaq ended the session slightly lowe

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., yesterday (September 19, 2018.) - Reuters