Oil prices fell, however, and at $75.97 a barrel, Brent futures were near the year's low in August
SINGAPORE – Oil fell for a fifth day in a row on demand jitters on Thursday, stocks were subdued in Asia, and the dollar hovered near one-year lows as Federal Reserve minutes signalled that US interest rate cuts are set to begin in a few weeks' time.
Stocks, after a phenomenal rebound from early-month lows, were also kept in check, with US and European futures down about 0.1%, and MSCI's broadest index of Asia-Pacific shares outside Japan mostly flat. Trade was thin in China and major indexes notched small losses, with electric vehicle stocks wobbly on tariff risks. Hong Kong's Hang Seng rose 0.5%, helped by an 8% gain in shares of electronics maker Xiaomi after upbeat results.
"Investors had been buying Japanese equities because they were cheap. Now, recently, we have been having a lot of discussion about single stocks," he said. Treasuries rallied on Wednesday and ten-year yields were broadly steady at 3.80% on Thursday in Asia. Two-year yields held at 3.93%.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Morning Bid: Oil slips and equities ease in pre-Fed driftAfter a benign June inflation report, investors bet the Federal Reserve will cut rate for September
مزید پڑھ »
Oil prices up on hopes of US rate cuts boosting fuel demandBrent crude futures climbed 17 cents to $79.93 a barrel and WTI crude hiked by 21 cents to $77.19
مزید پڑھ »
US Fed expected to hold rates steady, open door to September cutThe Fed has kept its policy rate in the 5.25%-5.50% range for the past year
مزید پڑھ »
US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signalsThe decline gives potential homebuyers some long-hoped-for relief in recent years
مزید پڑھ »
Huawei readies new AI chip to challenge Nvidia in ChinaHuawei readies new AI chip to challenge Nvidia in China
مزید پڑھ »
Oil slips on higher US crude stocks, easing Middle East tensionsBrent crude futures fell 11 cents to $77.09 a barrel while US WTI futures dipped 14 cents to $73.03
مزید پڑھ »