Commodity wrap: oil plunges below $60 on peace deal hopes; bullion, base metals fall post US jobs data
Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices…
US jobs report: payrolls rise 64,000 in November, unemployment hits 4.6%
US employers added 64,000 jobs in November, data released Tuesday by the US Bureau of Labor Statistics revealed, exceeding economists’…
Indonesian supply floods nickel market, while Chinese property crisis hits iron ore
The global nickel market is facing a sustained period of oversupply, according to one of the world’s largest nickel producers. …
US stocks plunge after November jobs report signals labor market cracks
US stocks edged lower on Tuesday as investors assessed the long-awaited November employment report. The S&P 500 slipped 0.1%, the…
Brazilian real holds steady as markets weigh Copom minutes and US jobs data
The Brazilian real was little changed against the US dollar on Tuesday as investors balanced local monetary policy signals with…
JPMorgan rolls out tokenized money-market fund on Ethereum: report
JPMorgan Chase has joined a growing group of traditional financial firms bringing blockchain technology to mainstream investment products, unveiling its…
McKinsey signals cost cuts as growth stalls despite centenary optimism
As McKinsey & Co. marked its 100th anniversary with fanfare in Chicago, the consulting firm’s leadership struck a confident public…
India’s goods exports rise despite US tariffs: what this means for global trade
India’s merchandise exports surged 19.37% year-on-year in November to reach $38.13 billion, the highest level in a decade. The whopping…
Commodity wrap: gold, silver rally while oil drops on oversupply and peace talk hopes
Gold prices were hovering below the $4,400-per-ounce mark as safe-haven buying increased, while the dollar slipped against major currencies. Silver…
Copper prices rebound as position rolling offsets China property worries
Copper prices increased on Monday, with contract expiry-related position rolling by some traders overriding current concerns. This move helped the…