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Category: Trading

SpaceX Successfully Launches Polaris Dawn Mission

SpaceX’s Polaris Dawn space mission launched successfully today, with the four astronauts on board embarking on a journey that will take them up to 1,400 kilometres away from Earth.

SpaceX said “the crew will endeavor to reach the highest Earth orbit…

25pc of OQEP Shares to Go on IPO

OQ SAOC announced its intention to offer up to 25% of its shares in OQ Exploration and Production (OQEP) Company (under transformation) through an initial public offering (IPO), on receipt of required approval from the Financial Services Authority (F…

Dollar Rises Amid Focus on Fed Rate-Cut Outlook

The dollar recovered some lost ground today while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this September 2024.

The onshore yuan was last 0.3 percent weaker at 7.11…

European Shares Rebound After Worst Week in over a Year

European stocks started the week higher, with investors awaiting economic data that could lead to a European Central Bank interest rate cut later in the week.

The pan-European STOXX 600 index was up 0.5 percent, after posting its worst weekly perfor…

China’s Consumer Prices Rise 0.6% in August

China’s consumer prices continued to rise in August amid a sustained recovery of domestic demand, official data showed today.

The consumer price index (CPI), a main gauge of inflation, was up 0.6% year on year last month (August 2024), quickening fr…

Gold Slips Below $2,500 Mark

Gold prices remained steady today and was trading slightly below the key $2,500 an ounce level, as the market awaited August inflation data for further insights into the anticipated Federal Reserve interest rate cut this month (September 2024).

Spot…