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Australia's central bank sticks with policy patience, no rush to taper

Tuesday,   07-Dec-2021   10:47 (IST)

Australia's central bank left interest rates at a super-loose 0.1% on Tuesday and stuck with its bond buying plans, resisting pressure to follow its U.S. counterpart in signaling an earlier winding down of stimulus. Wrapping up the last policy meeting of the year, the Reserve Bank of Australia's (RBA) Board noted the emergence of the Omicron variant, but was confident it would not derail what has been a rapid economic recovery. Crucially, while inflation had picked up it was still lower than in many other developed nations and likely to rise only gradually given the inertia evident in ...

ASIA MARKETS: Shares, Currencies Rise On Chinese Measures To Support Economy

Tuesday,   07-Dec-2021   09:56 (IST)

Asian shares and currencies were trading higher after China took measures to boost the economy facing headwinds from the property sector and coronavirus outbreaks. Hong Kong shares rose 1.1% and Chine...

Gold flat on firmer dollar, U.S. bond yields

Tuesday,   07-Dec-2021   08:49 (IST)

Gold prices were flat on Tuesday, as a firmer dollar and U.S. Treasury yields weighed on its appeal and confined the metal to a tight $4 range. Spot gold was little changed at $1,778.79 per ounce by 0...

Oil extends gains on easing Omicron fears, Iran delay

Tuesday,   07-Dec-2021   08:48 (IST)

Oil prices edged up on Tuesday after a near 5% rebound the day before as concerns about the impact of the Omicron variant on global fuel demand eased while Iran nuclear talks hit roadblocks, delaying ...

ASIA MARKETS: Shares, Currencies Fall On Growth, Inflation Worries

Monday,   06-Dec-2021   09:57 (IST)

Most Asian shares and currencies declined on concerns that less-accommodative central banks and the Omicron coronavirus mutation will hurt growth. Hong Kong paced the losses on Asian indexes, slipping...

Gold holds steady as investors weigh faster Fed taper prospects

Monday,   06-Dec-2021   09:12 (IST)

Gold prices held steady on Monday as market participants weighed the prospect of a faster ending to pandemic-era asset purchases by the U.S. Federal Reserve after data suggested the labour market was ...

Oil gains more than $1/bbl after Saudi price hike

Monday,   06-Dec-2021   09:11 (IST)

Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear...

ASIA MARKETS: Shares Mixed, Currencies Fall Ahead Of US Jobs Report

Friday,   03-Dec-2021   09:49 (IST)

Asian shares and currencies dropped ahead of U.S. jobs report, that would help traders assess the pace at which the Federal Reserve will normalize policy. In Hong Kong, shares declined 1.3% and droppe...

Gold heads for weekly fall on hawkish Fed talk

Friday,   03-Dec-2021   09:08 (IST)

Gold was set for a third straight weekly drop on Friday, weighed down by signals from Federal Reserve officials that the central bank could end its pandemic-era asset purchases and raise interest rate...

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

Friday,   03-Dec-2021   09:06 (IST)

Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant hits demand, but prices were still on course ...