Day: May 27, 2024

Oil Prices Steady as Markets Await OPEC+ Meeting

Singapore, Oil prices steadied in Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.

The Brent crude July contract was up 24 cents …

Read More

China’s Industrial Profits Up 4.3% in January-April

Beijing, Profits of China’s major industrial firms increased 4.3% year on year in the first four months of the year, official data showed Monday.

The growth rate was the same with that registered in the first quarter, according to the National Bureau…

Read More

European Shares Decline at Start of Trading

Brussels, European stocks were down on Monday as investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.

The pan-European STOXX 600 index (.STOXX), was down 0.02 %.

With the US and UK markets…

Read More

Dollar Steadies ahead of Global Inflation Data

Singapore, The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on US, European and Japanese inflation data to guide the global interest rate outlook.

Several major pairs have hugged tight rang…

Read More

Oil Prices Close Higher by over 1 Percent

New York: Oil prices on Monday closed high by more than one percent at settlement amid weak trading due to two holidays in the United States and Britain, after a week clouded by the assessment of expectations for reducing US interest rates in the face…

Read More