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European shares lifted to 12-month high by Italy, looser monetary policy forecasts
LONDON: European shares closed at their highest in more than a year on Thursday as Italian stocks surged on relief that Rome had avoided European Union disciplinary action and rising expectations of looser monetary policy by major central bank. US markets were closed.
Asian stocks rally again on expected Fed rate cuts; euro on defensive
TOKYO: Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve.
Oil prices edge down, pressured by US supply(Update)
SYDNEY: Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles.
Major averages close at record highs on dovish Fed hopes
NEW YORK: U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.
All eyes on Fed as stock market pines for rate cut
NEW YORK: The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks.
Ringgit rises on de-escalation of trade tensions
KUALA LUMPUR: The ringgit rose against the US dollar on Wednesday morning as fears of a trade war between the US and Mexico simmered down, a dealer said.
Stocks gain as Mexico tariffs averted, yuan falls to 2019 lows(Update)
TOKYO: U.S. stock futures and Asian shares rose on Monday after the United States dropped its threat to impose tariffs on Mexico in a deal to combat illegal migration from Central America, and as weak U.S. jobs data raised hopes for U.S. interest rate cuts
Could the next battle front be in currency wars against countries?
WITH tariff warriors on the rampage, tit-for-tat fights and more frequent growth downgrades, there seems to be nowhere to hide.
Wall St rallies on hopes of US rate cut, trade progress
NEW YORK: Wall Street's major indexes charged higher on Friday, as sharply slowing U.S. job growth boosted hopes for Federal Reserve interest rate cuts while optimism about potential progress in U.S. trade fights with China and Mexico added to risk appetites.
Ringgit firms; others lacklustre ahead of U.S. jobs data
THE ringgit climbed against the dollar on Friday, thanks to higher oil prices, however most other currencies were tepid ahead of the release of a U.S. jobs report later in the session.
