Trends - Edward Moya - Business Recorder

Markets

Nasdaq, S&P 500 fall as Alphabet slumps

NEW YORK: The tech-heavy Nasdaq and the S&P 500 dropped on Wednesday as Alphabet slumped after its cloud ...

Published 26 Oct, 2023 06:08am

Markets

Gold retreats

NEW YORK: Gold slipped to a one-week low on Tuesday on rising bond yields and as investors opted for the US dollar ...

Published 06 Sep, 2023 03:37am

Markets

Gold wobbles as traders juggle hawkish Fed

NEW YORK: Gold prices were choppy on Friday as investors juggled a hawkish Federal Reserve outlook on interest ...

Published 19 Jun, 2023 06:55am

Business & Finance

Dollar lowest since August as inflation moderates

NEW YORK: The US dollar dipped to 16-week lows against a basket of major currencies on Thursday after data showed...

Published 02 Dec, 2022 05:47am

Markets

Gold gains for second day

NEW YORK: Gold prices crept higher for a second straight session on Tuesday, underpinned by a retreat in the dollar,...

Published 19 Oct, 2022 05:54am

Business & Finance

Dollar edges down but posts gains for week; yuan slips past key level

NEW YORK: The dollar index was down slightly on Friday but registered a gain for the week as investors expected the...

Published 19 Sep, 2022 05:45am

Business & Finance

Yen extends recent gains as tensions over Pelosi visit to Tawain grow

NEW YORK: The yen was up slightly against the dollar Tuesday, adding to recent gains as increasing tensions over US...

Published 03 Aug, 2022 04:55am

Markets

Oil jumps to 2-month high on tight supplies

NEW YORK: Oil prices climbed about 3% to a two-month high on Thursday on signs of tight supply ahead of US summer...

Published 27 May, 2022 05:50am

Markets

Gold rises as concerns over Ukraine resurface; Fed minutes in focus

Gold prices rose on Wednesday after the United States said Russia was still building up troops around Ukraine and as...

Published 17 Feb, 2022 12:27am

Markets

European shares edge lower

PARIS: European shares ended slightly lower on Thursday as rising bond yields and weak results from France’s Atos...

Published 11 Feb, 2022 04:31am

Business & Finance

Dollar gains, then slides after hot US CPI data

NEW YORK: The dollar initially rose against major currencies on Thursday after US consumer prices in January came in...

Published 11 Feb, 2022 04:31am

Business & Finance

Dollar recovers from two-week low after US jobs surprise

NEW YORK: The U.S. dollar rose from two-week lows on Friday, after data showed the world’s largest economy created...

Published 05 Feb, 2022 05:46am

Markets

Gold's rally halted by retail sales snag

Gold retreated on Tuesday from an over five-month peak as upbeat U.S. retail sales data for October gave a fillip to...

Published 16 Nov, 2021 11:20pm

Business & Finance

Aussie slips, yen gains as risk sentiment sours

NEW YORK: Risk sensitive currencies including the Australian dollar slipped on Thursday and the safe-haven Japanese...

Published 22 Oct, 2021 04:13am

Markets

Oil settles near 3-year high ahead of OPEC+ meeting

Oil settled above $78 a barrel on Friday, just shy of a three-year high reached earlier this week, on expectations...

Updated 02 Oct, 2021 01:34am

Markets

Oil dips on China plan to tap reserves, small U.S. crude draw

NEW YORK: Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic...

Updated 09 Sep, 2021 10:45pm

Markets

Oil posts biggest weekly gains in over a year ahead of Hurricane Ida

Brent futures rose $1.63, or 2.3pc, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.32, or 2.0pc, to settle at $68.74

Published 28 Aug, 2021 02:06am

Markets

Gold falls as dollar inches higher, caution ahead of Jackson Hole

Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while US gold futures fell 0.3% to $1,785.00

Published 26 Aug, 2021 12:29pm

Business & Finance

Bitcoin price rises past $50,000, rebound slows

LONDON/CHICAGO: Bitcoin's price surged past $50,000 on Monday for the first time since May, although its rebound ...

Published 24 Aug, 2021 05:02am

Markets

Oil rises over 1pc as Mideast tensions face virus concerns

NEW YORK: Oil prices rose more than 1% on Thursday on increasing Middle East tensions, but gains were capped as ...

Published 06 Aug, 2021 04:18am

Markets

Oil falls on US crude stock build, Delta variant spread

NEW YORK: Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in US crude...

Published 05 Aug, 2021 04:34am

Markets

Gold sidelined as investors cautiously await US jobs data

NEW YORK: Gold prices edged lower on Tuesday, as traders stayed on the sidelines in advance of US jobs data due ...

Published 04 Aug, 2021 04:14am

Markets

Oil falls over 3pc on concerns over demand and OPEC supply boost

NEW YORK: Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the...

Published 03 Aug, 2021 04:35am

Markets

Gold ekes out gains in choppy trade as investors digest Fed strategy

NEW YORK: Gold prices on Wednesday shook off initial declines to move higher after a US Federal Reserve policy...

Published 29 Jul, 2021 04:48am

Markets

Stocks sag as Covid concerns linger

LONDON: Stock markets around the world slid into the red on Friday as concerns about rising Covid cases weighed on...

Published 17 Jul, 2021 04:21am

Markets

US MIDDAY: Gold jumps

NEW YORK: Gold jumped on Wednesday after US Federal Reserve Chair Jerome Powell reassured investors that the central...

Published 15 Jul, 2021 04:03am

Markets

Oil rises as demand outlook improves, US inventories fall

Even the return of Iranian exports if the United States rejoins a nuclear agreement and lifts sanctions on Tehran was unlikely to change the bullish picture, he said.

Published 16 Jun, 2021 12:42pm

Markets

Canadian dollar hits 7-week low, pressured by Fed uncertainty

The program has supported global economic recovery, boosting commodity prices. Canada is a major producer of commodities, including copper and oil.

Published 16 Jun, 2021 10:46am

Markets

Gold slips in Europe

AMSTERDAM/LONDON: Gold prices fell in choppy trading on Wednesday after April’s jump in US consumer prices gave a...

Published 13 May, 2021 03:10am

Markets

Gold accelerates to best week in 6 months in Europe

AMSTERDAM/LONDON: Gold extended its rally, jumping more than 1% to its best week since November last year after an...

Published 08 May, 2021 03:30am