The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to reduce risk in large cap stocks. Among the index's contributors, Tencent was a major drag, with its shares falling by around 2.3%, putting pressure on the technology sector, which has recently been a driving force behind market gains. Weakness in large cap companies like this typically quickly impacts sentiment due to their significant weighting in...
Emas bertahan dalam penurunan empat hari karena reli tajam dolar membebani logam tersebut, bahkan ketika data inflasi AS mendukung kasus penurunan suku bunga Federal Reserve bulan depan. Emas stabil setelah penurunan 1% pada sesi sebelumnya yang mendorongnya ke level terendah delapan minggu. Pengukur dolar telah naik ke level tertinggi dua tahun karena ekspektasi bahwa kemenangan Presiden terpilih Donald Trump akan meningkatkan pertumbuhan ekonomi dan laba perusahaan. Greenback yang lebih kuat membuat komoditas yang dihargakan dalam mata uang tersebut lebih mahal bagi sebagian besar...
US benchmark West Texas Intermediate (WTI) crude oil prices traded around $67.90 on Thursday (11/14). WTI prices recovered slightly amid a surprise drop in crude oil. However, a stronger US Dollar (USD) in general may cap gains. The American Petroleum Institute (API) weekly report showed crude oil stockpiles fell last week. Crude oil stocks in the United States for the week ended November 8 fell by 777,000 barrels, compared with a build of 3.132 million barrels in the previous week. Market consensus had expected stocks to increase by 1 million barrels. The black gold's gains may be capped...
The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as expected, suggesting the Federal Reserve will continue lowering interest rates. The greenback hit its highest level since November 2023, buoyed by Donald Trump's victory in last week's U.S. presidential election, which sparked expectations of potentially inflationary tariffs and other measures by his incoming administration. Trump's Republican Party will also control both houses of Congress when he takes office in January, Edison...
Oil edged higher after swinging between gains and losses for much of the session as traders weighed mixed signals about the risks to flows from the Middle East against the prospect of an impending supply glut. West Texas Intermediate added 0.5% to settle above $68 a barrel, while Brent settled around $72. WTI had gained as much as 1.1% and slid as much as 1.7% during the session. Crude fell earlier in the day on unconfirmed reports that Iran may hold off on retaliating against Israel, said Dan Ghali, a commodity strategist at TD Securities. Prices rebounded later after...
Gold prices extended losses for the fourth straight session on Wednesday, weighed down by a stronger dollar and elevated bond yields on news that October U.S. consumer prices increased as expected. The Labor Department also reported slower progress toward low inflation since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. Spot gold was down 0.7% at $2,580.39 per ounce by 01:49 p.m. ET (1849 GMT), after hitting a near two-month low earlier in the session. U.S. gold futures settled 0.8% lower at $2,586.50 per ounce. The dollar, advanced near a...