Published: 2/5/2024 2:49 AM ET By Renju Jaya ✉ | Published: 2/5/2024 2:49 AM ET | The Chinese service sector continued to expand in January, but the pace of expansion moderated on slowing new order growth, […]
Author: Consultant
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U.S. Service Sector Growth Accelerates More Than Expected In January
Published: 2/5/2024 10:33 AM ET The Institute for Supply Management released a report on Monday showing U.S. service sector growth accelerated by more than expected in the month of January. The […]
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Gold Extends Losses After Powell’s Comments
Published: 2/5/2024 5:20 AM ET | Gold prices fell notably on Monday, extending losses for a second straight session as the dollar and bond yields rose amid much uncertainty about the Federal […]
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Oil Marginally Lower As Dollar Hits Two-month High
Published: 2/5/2024 5:08 AM ET | Oil traded slightly lower on Monday, following its biggest weekly drop since October.Brent crude futures dipped 0.3 percent to $77.12 a barrel, while WTI crude futures […]
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Canadian Market Firmly Down In Negative Territory On Widespread Selling
Published: 2/5/2024 12:05 PM ET | The Canadian market is down firmly in negative territory at noon on Monday with stocks from across several sectors reeling under sustained selling pressure. Materials stocks […]
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Economic Calendar: Feb 5 – Feb 9
Monday Feb. 5 China, Japan and Euro zone services and composite PMI Germany trade surplus (9:30 a.m. ET) Canada’s S&P Global Services PMI for January. (10 a.m. ET) U.S. ISM […]
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Crude Slumps on Dollar Strength and Reduced Geopolitical Risks
March WTI crude oil (CLH24) on Friday closed down -1.54 (-2.09%), and Mar RBOB gasoline (RBH24) closed down -4.73 (-2.16%). Crude oil and gasoline prices on Friday tumbled to 2-week […]
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Nat-Gas Prices Recover as Major Support Holds
March Nymex natural gas (NGH24) on Friday closed +0.029 (+1.41%). Nat-gas prices Friday recovered from a 9-month nearest-futures low and closed moderately higher. Fund short covering emerged in nat-gas futures […]
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Gold Holds Steady Ahead Of US Jobs Report
Published: 2/2/2024 5:01 AM ET | Gold held steady on Friday after climbing in the previous session on weak U.S. labor market data. Spot gold was marginally lower at $2,054.28 per ounce, […]