Japan's finance minister says economy nears wage-led inflation phase
Finance Minister Satsuki Katayama said Japan is on the cusp of sustained inflation driven by rising wages, and that the government sees no gap with the BOJ.
1 source · Reuters
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317 stories · page 11 / 16
Crude Prices Climb as Ships Are Hit in the Strait of Hormuz
Oil prices rose in early Asian trade as Market Talk reported attacks on at least 18 vessels in the Strait of Hormuz, with Brent near $109.54 a barrel.
1 source · Market Talk
Oil edges higher on Middle East supply concerns
According to Reuters, Brent and WTI rose about 0.8% on Wednesday as attacks on tankers in the Strait of Hormuz and threats to Saudi oil sites weighed on sentiment.
2 sources · Reuters
China may stop drawing crude stocks as oil imports rebound
Reuters columnist Clyde Russell says China drew on crude stockpiles in September, but October imports could rise to the highest level since March.
1 source · Reuters
Oil slips from five-month highs as Iran mediation reports cloud supply outlook
Crude futures fell Tuesday after a two-week rally, as reports of Iran diplomacy and Gulf tensions kept traders guessing, according to Seeking Alpha.
1 source · Seeking Alpha
Dow adds 500 points as Nasdaq futures jump on SpaceX earnings
US stocks closed mixed, but Nasdaq futures rallied after SpaceX and Super Micro results; Netflix fell 7% in extended trading on weak ad revenue.
1 source · CNBC-TV18
Oil Settles Lower After Volatile Session as Brent Holds Near $109
Oil futures closed down in a choppy session, with Brent falling 0.7% to $108.79, according to Dow Jones Newswires reporting on US-Iran diplomacy and Middle East risks.
1 source · Dow Jones Newswires
Wheat Falls as Peace Hopes in Black Sea and Middle East Weigh on Grains
CBOT wheat, corn and soybean futures slid Tuesday after a report that US-Iran peace talks could resume, according to Daily Grain Highlights.
1 source · Daily Grain Highlights
Nvidia is emerging as a kind of central bank for the AI market
According to Reuters, Nvidia is helping prop up buyers of its chips, including CoreWeave, and a credit market freeze could force the company's hand.
2 sources · Reuters
BoE's Greene says inflation risks exceed forecasts and still backs a rate rise
Bank of England policymaker Megan Greene sees bigger inflation risks from the Iran war energy shock and still favours higher rates, Reuters reports.
1 source · Reuters
Bitcoin ETFs Draw $527 Million, Their Largest Inflow in Almost a Month
Per Coinglass data cited by Market Talk, bitcoin ETFs took in a net $526.7 million on October 19, the biggest day since September 22.
1 source · Market Talk
US Stocks Reverse Higher on Hopes for Renewed US-Iran Talks
US indexes abruptly turned higher on hopes of progress in US-Iran diplomacy, while Brent fell below $109 a barrel, the Wall Street Journal reports.
DowS&P 500NasdaqBrent
1 source · WSJ
Latvia becomes a top-five buyer of Russian grain, consultancy says
According to ProZerno, Latvia imported 431,700 tons of Russian grain from July to October, while Iran stayed the largest buyer.
1 source · Reuters
US stocks reverse higher on hopes for renewed US-Iran diplomacy
US stocks rebounded after reports that mediators proposed reviving US-Iran talks, while Brent crude fell back below $110 a barrel.
1 source · WSJ
US pending home sales drop to record low in September
US pending home sales fell 7.3% in September to 66.0, the lowest since the index began in 2001, the NAR said, according to Reuters and Update.
3 sources · Reuters, Update, WSJ
Halliburton beats third-quarter revenue and earnings forecasts
Halliburton reported third-quarter revenue up 1.8% to $5.7 billion and adjusted EPS of $0.60, both above analyst forecasts. Shares rose nearly 5% in pre-market trading.
1 source · Sharecast
GM Shares Slide as Iran Conflict Pushes Up Costs Despite Profit Beat
General Motors beat third-quarter estimates but narrowed its annual outlook as metals and logistics costs rise. Shares fell 5.5% on Tuesday.
1 source · Dow Jones Newswires
MNT-Halan shares jump 6.6% in debut after Egypt's biggest IPO since 2021
Shares of Egyptian fintech firm MNT-Halan gained roughly 6.6% on their first trading day, following the country's largest share sale in years, Reuters reports.
1 source · Reuters
Gold slips as costlier oil revives inflation fears ahead of Fed meeting
Spot gold fell 0.51% to $4,118.76 an ounce as Brent hovered near a five-month high, Reuters reports. Markets see a 92% chance of a December Fed hike.
1 source · Reuters
Markets digest: US to allow sale of sanctioned oil tankers, OpenAI seeks $30B
Morning roundup: a 4% drop in South Korea's market, sanctioned tankers returning to trade, OpenAI's $30B funding push and Nvidia's European AI plans.
1 source · Seeking Alpha