Investing.com – The US dollar has benefited from the country’s recent election results, and Morgan Stanley (NYSE:) expects more strengthening ahead as the new Trump administration starts to enact its proposed policies. At 05:40 ET (10:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 105.802, its highest level since the beginning of July. “The final results of the US election

Home Depot‘s quarterly sales rose more than 6% year over year, as it folded in a newly acquired business and hurricane-related repairs and better weather in many parts of the country boosted demand for home improvement supplies, the company said Tuesday. The retailer also raised its full-year outlook to reflect its better-than-expected results. It now expects total sales to increase about 4%, including the impact of acquiring SRS Distribution. It

By Valerie Volcovici BAKU, AZERBAIJAN (Reuters) – U.S. President Joe Biden’s administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by the incoming presidency of Donald Trump. The methane charge is among the last actions the outgoing administration has taken to tackle the second most prevalent greenhouse gas after carbon

By Kevin Buckland TOKYO (Reuters) -The U.S. dollar rose toward a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, and the yuan slumped to a more than three-month low with Europe and China both major targets of potential Trump

Investing.com — OPEC and its allies, or OPEC+, are facing unfavourable backdrop for the plans to boost production as a potential crude surplus in 2025 and cooling demand will likely continue to blunt any boost to from potential supply disruptions, strategists from BofA said in a Monday note. “OPEC+ has sought opportunities to raise output ever since it started ceding market share in late 2022. The group unveiled an aspirational

By Gloria Dickie BAKU (Reuters) – This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in 2021 through the Intergovernmental Panel on Climate Change, however scientists say that evidence shows global warming and its impacts are unfolding faster than expected.

By Colleen Howe BEIJING (Reuters) – Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC’s monthly report after China’s stimulus plan and oversupply concerns took the wind out of markets in prior sessions. futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West Texas Intermediate crude futures were at $68.07 a barrel, up 3 cents. Both contracts had fallen by

Investing.com– Gold prices moved little in Asian trade on Tuesday after tumbling from record highs in recent weeks as the dollar firmed sharply amid speculation over a second Donald Trump presidency. Improved risk appetite, following Trump’s election victory last week, sapped gold of safe haven demand. A sharp rally in the dollar also pressured bullion prices. fell 0.1% to $2,617.64 an ounce, while expiring in December rose 0.2% to $2,623.70

Investing.com– Most Asian currencies weakened on Tuesday, while the dollar traded near a four-month high as traders remained largely biased towards sectors expected to benefit from a second Donald Trump presidency.  The Chinese yuan and the Japanese yen were among the worst-hit by this trade, while risk-driven Asian units were also dented by anticipation of key U.S. inflation data later this week.  Dollar near 4-mth peak as traders see higher

Investing.com– Oil prices were flat in Asian trade on Tuesday after logging steep losses in the prior session as more stimulus measures in China underwhelmed, while focus also remained on U.S. supplies.  Crude prices tumbled on Monday as China’s plans for more fiscal spending left investors wanting, while inflation data from the world’s biggest oil importer also disappointed. In the U.S., tropical storm Rafael was seen largely dissipating in the