LONDON, July 21 (Reuters) – Oil prices crept up on Friday, supported by economic stimulus in slowly recovering China and falling inventories in the US. Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while US West Texas Intermediate (WTI) crude was up 64 cents to $76.29 a barrel. Prices closed…
©Reuters Investing.com — Shares of Tesla (NASDAQ:) and Netflix (NASDAQ:) are falling, weighing on the Nasdaq, following the latest earnings from the big technology brands. Meanwhile, the US quarterly earnings parade continues and Apple (NASDAQ:) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology. 1. Tesla margins are falling;…
(Bloomberg) – The stock market saw another session of mild movement as traders hesitated to make significant bets ahead of key inflation data that will help shape the outlook for the Federal Reserve’s next moves. Most read from Bloomberg With less than 24 hours to go until the release of the June consumer price index,…
BEIJING: Chinese authorities are under pressure to back up their reassuring rhetoric on the economy with more substantive action.Equities in China are entering their third consecutive week of losses, the yuan is trading near its eight-month low and turmoil in the country’s credit market is mounting. While Prime Minister Li Qiang on Thursday promised to…
* Weak data on China fuels stimulus hopes * The Turkish lira falls sharply to a new record low * Hungary’s industrial production is falling * EM FX Muted, Stocks Up 0.6% By Siddarth S and Amruta Khandekar June 7 (Reuters) – Emerging market equities rose on Wednesday as hopes of an economic stimulus from…
(Bloomberg) – Stocks in Asia are set to reach their highest closing price in nearly four months, buoyed by a rally in Hong Kong stocks amid hopes of stimulus in China and a positive sign in geopolitics. Most read from Bloomberg An Asian equity measure gained as much as 0.4% while Hong Kong’s Hang Seng…