Gold rose more than 1% on Wednesday, as a slight decline in the dollar revived its safe-haven appeal somewhat, although the prospect of a sharp interest rate hike kept the non-yielding metal near two-and-a-half year lows. By 1458 GMT, gold in spot transactions rose 1.3 percent to $ 1650.49 an ounce, up 1.5 percent in … Read more
10:17 PM Wednesday, September 21, 2022 I wrote – Manal Al-Masry and Mustafa Eid: Analysts expected that the pound exchange rate would not be subjected to new pressures against the dollar after the US Federal Reserve’s decision on Wednesday to raise the interest rate on the dollar for the fifth time in a row. The … Read more
The yield on US two-year Treasury bonds hit a 15-year high on Monday as investors rearranged their positions for an extended period of big interest rate increases from the Federal Reserve following Chairman Jerome Powell’s speech on Friday.In the sharpest terms yet in the monetary tightening cycle, Powell said the US central bank will continue … Read more
London (Archyde.com) Oil prices rose about a dollar yesterday, supported by indications of improved demand for fuel, but gains were limited as the market awaited indications from the head of the Federal Reserve (the US Central Bank) regarding expectations of a rate hike. By 10:51 GMT, Brent crude futures rose $1.53, or 1.54 percent, to … Read more
Tokyo (Archyde.com) Japanese stocks gave up their gains and closed flat yesterday with the decline in stocks that led the rally recently, while investors awaited a seminar by the Federal Reserve (US Central Bank) next week.The Japanese Nikkei index closed down 0.4 percent at 28,930.33 points. It had opened with an increase of 0.53 percent … Read more
Wall Street’s main indexes rose on Friday, with the S&P 500 and Nasdaq poised to post a fourth straight week of gains as bets for another sharp Federal Reserve interest rate hike dwindled after data this week on lower-than-expected inflation.The Dow Jones Industrial Average rose at the open 94.05 points, or 0.28 percent, to 33,430.72 … Read more
The dollar recorded more losses against other major currencies on Thursday, after traders reduced their bets that the Federal Reserve (the US central bank) will raise interest rates strongly after US inflation data that came the previous day, weaker than expected. And the dollar index, which measures the performance of the green currency against a … Read more
The New York Federal Reserve said Thursday that pressure on global supply chains eased in July, reaching its lowest level since January 2021, as congestion at ports and other obstacles eased; This is in the latest data for a global indicator related to supply problems.The pressure eased for the third month in a row, in … Read more