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  • Sep 05, 2024

Stocks Pause Days of Losses Ahead of US Jobs Data: Markets Wrap

(Bloomberg) -- Global equities steadied after days of declines as uncertainty over the health of the US economy and the pace of possible Federal Reserve interest rate cuts persist.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEurope’s Stoxx 600 index was little changed, with chemical stocks and miners posting the biggest losses after iron ore fell to the lowest since 2022.

  • Sep 05, 2024

Gold Rises as Market Looks Ahead to US Payrolls Data

(Bloomberg) -- Gold rose slightly, as the market looks to US labor data this week for clues on how aggressive the Federal Reserve’s imminent rate-cutting cycle will be.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsBullion has traded in a narrow range around $2,500 in recent days. It edged higher Wednesday following a report that showed US job openings fell in July to the lo

  • Sep 05, 2024

OPEC+ Close to Postponing Oil Supply Increase After Price Slump

(Bloomberg) -- OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile demand. Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsKey coalition members likely won’t go ahead with the scheduled hike of 180,000 barrels a day in October, according to delegates who asked not to be identified because the discussions are private.

  • Sep 05, 2024

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fall

Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other sectors. Japan’s benchmark Nikkei 225 slipped 1.1%, and closed at 36,657.09. Data released Thursday showed Japan's wage growth remains strong, as average cash earnings in July grew 3.6% year-on-year, beating market expectations, while real earnings unexpectedly increased by 0.4% in July, increasing the likelihood of another rate hike.

  • Sep 05, 2024

Nikkei Hits 3-Week Low on US Downturn Worries; Chip Stocks Slip

(Bloomberg) -- Japanese equities fell, with the Nikkei 225 Stock Average hitting a three-week low as soft US labor data stoked fears of a slowdown in the world’s largest economy. Chip-related shares led the decline, while financials were hurt by lower bond yields.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsThe Nikkei 225 lost 1.1% to close at 36,657.09, the lowest since A

  • Sep 05, 2024

Oil Pauses Near 14-Month Low on Signs of Falling US Stockpiles

(Bloomberg) -- Oil steadied near the lowest close since June 2023 as an industry report pointed to a big draw in US crude stockpiles, with the market taking a breather following a sharp selloff this week.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsBrent traded near $73 a barrel after losing almost 8% since the start of the week. West Texas Intermediate was above $69. The

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