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EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
US Dollar: Fed tightening risks keep outlook bullish – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight renewed Dollar support from higher Oil prices, rising US yields and resilient US labour data as markets reassess Federal Reserve tightening risks.
WTI Oil pulls back below $76.00 amid ongoing talks to reopen Hormuz
Oil prices are trimming gains on Friday, with the barrel of the US benchmark West Texas Intermediate (WTI) trading just below $76.00 at the time of writing, on track for a 10% weekly decline.
Exxon's Profit Fell Short. Its Dividend Didn't.
ExxonMobil's dividend grew even stronger in the second quarter.
Futures inch higher as Wall Street holds its breath for payrolls
Payrolls day Good morning, and welcome to payrolls day, the Friday each month when Wall Street stops talking over itself to stare at one spreadsheet. US stock futures nudged higher ahead of the July j ...
S&P 500, Nasdaq set for second straight weekly gain before jobs report
Futures pointed higher Friday morning as traders awaited payrolls data, with the Nasdaq on pace for its best week since May
Mexican Peso: Restrictive Banxico stance supports MXN carry – Rabobank
Rabobank’s Molly Schwartz and Christian Lawrence note that Mexico's central bank, Banxico unanimously kept the overnight policy rate at 6.50% on August 6 and continues to judge the stance as appropria ...
US Dollar Index Price Forecast: Likely find direction after US NFP release
The US Dollar (USD) consolidates against its major currency peers on Friday, with investors awaiting the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.
Resilient economies despite the Middle East stalemate
Investors can return from their summer holidays and take comfort in noting that the collapse of the ceasefire in the Middle East has not derailed global growth. The latest PMIs reflect resilient growt ...
Saudi Arabia, Turkey and Pakistan sign defence pact in Mecca
Three allies seek to deepen regional security co-operation to deal with wars and instability
Euro: Upside bias hinges on 1.1565 break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD has retreated to 1.1524 after failing several times near 1.1560. Intraday, they see scope for further pullback but expect str ...