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Category: Trading

Oil Prices Steady in Early Asian Trade

Singapore, Oil prices were steady in early Asian trade today, as signs of weakening demand growth in China clashed with the prospect of declining US oil stockpiles.

Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel, and US West Te…

European Stocks Open Lower Amid Tech Sector Decline

Brussels, European stocks opened lower for the third consecutive session today, driven by a decline in the technology sector. The Stoxx 600 index dropped 0.3 percent, with the tech sub-index falling 1.9 percent.

Dutch semiconductor company ASML saw a…

Dollar Eases Due to Possible Fed Rate Cuts

Singapore, The dollar was broadly weaker today after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.

The New Zealand dollar gai…

Gold Soars to Record Prices

Singapore, Gold prices rose to an all-time peak today, driven by mounting hopes of a US interest rate cut in September after recent comments from US Federal Reserve officials.

Spot gold was steady at $2,468.55 per ounce, after hitting a record peak o…

CBB 12 Month Treasury Bills oversubscribed by 108%

Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 108%.

The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is July 18, a…

Gold prices fall to $2,409.54 per ounce

Tokyo, Gold prices declined on Monday as the dollar strengthened, with investors awaiting comments from Federal Reserve officials and economic data for further clues on US interest rates.

Spot gold fell 0.1% to $2,409.54 per ounce. US gold futures dr…