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  • Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets

    Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets0

    Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates, although renewed optimism over a rebound in Chinese demand put prices on course for strong weekly gains. Crude markets logged wild swings in recent sessions amid a series of mixed cues. While better-than-expected Chinese business activity

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  • Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists

    Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists0

    Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of

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  • Oil Prices Move Little in Anticipation Of More China Cues

    Oil Prices Move Little in Anticipation Of More China Cues0

    Oil prices kept to a tight range on Monday amid persistent concerns over high inflation and rising U.S. interest rates, while traders awaited more cues on demand from key Chinese economic readings this week. Readings on China’s Purchasing Mangers’ Index (PMI) for February are due on Wednesday. Indicators for January had portrayed a somewhat mixed

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  • Telekom Reports Q4 Growth, Forecasts Slightly Higher Earnings in 2023

    Telekom Reports Q4 Growth, Forecasts Slightly Higher Earnings in 20230

    Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US (NASDAQ:TMUS), and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly exceeded consensus estimates of 9.9

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  • Asian Stocks Hit By Tech Rout, More Fed Cues Awaited

    Asian Stocks Hit By Tech Rout, More Fed Cues Awaited0

    Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index, and South Korea’s KOSPI were the worst performers for the day, losing between 0.8% and

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  • Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

    Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged0

    Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if

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