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
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
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),
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…
The total issuance of Government Treasury Bills amounted RO 30 million. The value of the allotted Treasury bills amounted to RO 0.3 million, for a maturity period of 28 days. The average accepted price reached RO 99.650 for every
Oil futures jumped by a dollar in early trading today as markets recovered from a selloff following weaker-than-expected US jobs data on Friday.
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel.
Brent crude futures