Investing.com– Gold prices rose in Asian trade on Wednesday, recouping a measure of recent losses as a rally in the dollar, on a Donald Trump election win, paused before inflation data that is likely to factor into interest rates. The yellow metal was nursing a sharp tumble from record highs over the past few weeks, as Trump’s election win sparked a major risk-on rally across global financial markets. Recent losses
Investing.com– Most Asian currencies moved little on Wednesday, while the dollar steadied near recent peaks as focus turned squarely to upcoming U.S. inflation data for more cues on interest rates. The dollar shot up over the past week, while most Asian units weakened after Donald Trump won the 2024 presidential election. Uncertainty over what a second Trump presidency will entail for Asia remained in play. Traders were also seen holding
By Colleen Howe BEIJING (Reuters) – Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025. futures rose 13 cents or 0.18% to $72.02 a barrel by 0205 GMT, and U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.19%, to $68.25.
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Here’s how the company did, compared with what analysts expected: Earnings per share: 1.45 euros vs. 1.72 euros expected by LSEG
(Reuters) – Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex and would help its debt obligations next year, Bloomberg News reported on Tuesday, citing people familiar with the matter. Despite government efforts to reduce debt, Pemex carries financial debt of about $100 billion and provider debt of about $20 billion. Source link
By Nichola Groom (Reuters) -The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden’s policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security. The American Petroleum Institute (API), the nation’s top oil and gas trade group, urged Trump’s incoming administration to do away with vehicle emissions standards meant to move the auto industry
Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Net sales in the three months ended Oct. 27 rose 6.6% year over year to $40.2 billion, outpacing the $39.3 billion estimate, according to LSEG. Adjusted earnings per share (EPS) decreased 1.8% year over year to $3.78 per share, but exceeded expectations of $3.64 per share, LSEG data
Nvidia’s outlook for the January quarter may not wow Wall Street when the company posts earnings next week. But Mizuho analysts see bright prospects for later next year. Source link
(Reuters) – American households considered “underbanked” — or who rely on services like check cashing and payday loans to meet their financial needs — are more likely to hold cryptocurrencies than households with better access to the traditional banking system, according to a government report released Tuesday. The report from the U.S. Federal Deposit Insurance Corporation also showed that one in eight shoppers using buy-now-pay-later services had missed or made
By Nia Williams (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U.S. refineries rely on barrels from north of the border. Some Canadian oil industry participants saw Trump’s election as a positive that would stimulate energy investment across North America and could boost the value of U.S. dollars that Canadian producers
