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Ambiguity in Asian Stocks Amid Expectation for U.S. Inflation Data
SadaNews - Asian stock indices stabilized on Thursday, after some major technology companies in the region showed positive performance ahead of the highly anticipated U.S. inflation data later today.
The main indices in Japan, South Korea, and mainland China recorded gains, while their counterparts...
Stability of Gold Price Near Its Peak Following Shocking Data
SadaNews - The price of gold stabilized just below its historical highs after unexpected data showed a decline in producer prices in the United States, bolstering expectations that the Federal Reserve will move towards easing monetary policy.
The price of an ounce recorded about $3,642, which is...
Stability in Oil Prices Following Three Days of Rise
SadaNews - Oil prices stabilized after a rise that lasted three days, as investors awaited comments from U.S. President Donald Trump regarding Russia, and the potential for him to take additional steps to punish Moscow in light of the war in Ukraine.
Trump had raised doubts in a social media post o...
Expectations for a Sharp Decline in Oil Prices in the Coming Months
SadaNews - The U.S. Energy Information Administration, in a report released today Tuesday, expected global oil prices to decline significantly in the coming months, as the increase in production by OPEC+ member countries will lead to a large accumulation of oil inventories.
The Energy Information...
Trump Presses Again on the Federal Reserve After Producer Price Data
SadaNews - U.S. President Donald Trump renewed his attack on Federal Reserve Chairman Jerome Powell just minutes after the release of data from the U.S. Producer Price Index, demanding a "significant and immediate" cut in interest rates.
After data indicated that the U.S. Producer Price Index exper...
Rising Oil Prices Amid Assessment of the Implications of Trump's Threat to Impose Tariffs...
SadaNews - Oil prices have risen for the third consecutive session as investors continue to assess the implications of U.S. President Donald Trump's threats to impose tariffs on importers of Russian crude, in addition to the implications of the Israeli attack in Doha that targeted leaders of the...
Stability of Gold Price Near Its Record Levels
SadaNews - The price of gold remained stable near its record levels, while investors are awaiting U.S. inflation data that could bolster expectations for interest rate cuts by the Federal Reserve.
The price of gold remained largely unchanged at around $3,635 per ounce, after surpassing $3,674 on...
Oil and Gold Prices Surge After Israel Targets Hamas Leaders in Qatar
SadaNews - Oil and gold prices rose after the Israeli army targeted leaders of the "Hamas" movement in the Qatari capital, Doha.
The price of Brent crude jumped by up to 1.5% reaching $67 per barrel, while West Texas Intermediate rose by about 1.7% to $63.
The price of gold also surged, breaking t...
Ethiopia Launches "Grand Ethiopian Renaissance Dam" Amid Rising Tensions with Egypt and Su...
SadaNews Economy - Ethiopia officially inaugurated today, Tuesday, the Grand Ethiopian Renaissance Dam, which is considered the largest hydroelectric power facility in Africa, at a cost exceeding 5 billion dollars. This opening comes despite strong objections from Egypt and Sudan, which see the dam...
Global Bonds Rise 20% from Their Lowest Levels in 2022 Amid Anticipation of Interest Rate...
SadaNews - The global bond index has risen by more than 20% from its lowest level in 2022, as weak U.S. labor market data has bolstered expectations that the Federal Reserve will intensify monetary easing measures.
The Bloomberg Global Bond Index, which tracks the debts of countries and corporation...
Stability in Oil Prices After Saudi Arabia's Price Cuts and Anticipation of Demand Decline
Oil prices stabilized as investors assessed the prospects of declining demand after Saudi Arabia lowered prices for most of its crude grades.
Brent crude traded near $66 per barrel after closing up 0.8% on Monday, while West Texas Intermediate remained above $62. Saudi Aramco, the state-owned produ...
New Record Levels for Gold Prices Amid Interest Rate Cut Bets
SadaNews - Today, Tuesday, the price of gold recorded a new record level due to increasing expectations of a rate cut in the United States following weak U.S. employment data released last week.
The price of the precious metal rose by 0.3% to over $3,647 per ounce, surpassing Monday's peak and driv...