U.S. stocks are seen opening marginally lower Friday, with investors cautious ahead of the release of a key monthly jobs report which could guide future Federal Reserve policy. At 07:00 AM ET (1100 GMT), the Dow Futures contract was down 20 points, or 0.1%, S&P 500 Futures traded 10 points,...
Shares in the Asia-Pacific were higher on Friday, led by tech stocks on the Hong Kong market. Hong Kong’s Hang Seng index jumped 2.2%, with the Hang Seng Tech index rising 4.32%. SenseTime was up 6% and Xpeng rose 7.24%. Logistics company GoGoX fell in afternoon trade to 20 Hong Kong dollars ($2.55)...
Crude markets rose for a fourth time in five days, hitting a high of almost $125 a barrel for a three-month peak, as oil bulls wagered on the rally continuing after positive data on U.S. gasoline consumption set aside fears of demand destruction from record...
Shares in Asia-Pacific largely rose on Friday, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. Shares of Alibaba listed in the city surged 12.21% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items,...
Shares in Asia-Pacific were mixed on Wednesday, following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.94% on the day to 26,911.20 while the Topix index climbed 0.96% to 1,884.69. Japan’s economy shrank...
Oil producer group OPEC+ on Thursday is seen as likely to rubber-stamp another small production increase for June, amid persistent concerns over weaker Chinese demand and shortly after the world’s largest trading bloc outlined proposals for new sanctions against Russian crude. The influential energy alliance of...
Oil was up on Wednesday morning in Asia, reversing the previous session’s losses as hopes rose for progress in peace talks between Russia and Ukraine. The latest U.S. crude oil supply data was also a stark reminder of the tight supply in the market. Brent oil futures gained 0.53%...
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil...
The International Monetary Fund will likely cut its global growth forecast to account for the economic consequences of the Russian invasion of Ukraine, managing director Kristalina Georgieva told CNBC on Thursday. “We think that we would be downgrading our growth projections as a result of the crisis, but...
Shares in Asia-Pacific slipped on Friday as investors remained on edge over Russia’s invasion of Ukraine. Hong Kong’s Hang Seng index led losses regionally as it fell 2.5% to close at 21,905.29, with shares of HSBC slipping 3.38%. In mainland China, the Shanghai composite shed 0.96% to finish its trading day at...
