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News
Canadian dollar edges lower, bond yields jump as oil tops $100 a barrel
3+ day, 11+ hour ago (276+ words) TORONTO, Sept 10 (Reuters) - The Canadian dollar edged lower against the greenback on Thursday and bond yields jumped as the price of U.S. oil topped $100 a barrel for the first time since May, adding to investor concerns about the inflation outlook....
TSX futures hover near six-week low before US inflation data
3+ day, 14+ hour ago (304+ words) Sept 10 (Reuters) - Futures tracking Canada's blue-chip stocks were muted on Thursday, as markets awaited U.S. inflation data for clues on the Federal Reserve's monetary policy outlook, with elevated oil prices and bond yields keeping investor sentiment subdued.September futures on the…...
Gold climbs on subdued US dollar as inflation data awaited amid oil rally
4+ day, 7+ hour ago (221+ words) Sept 9 (Reuters) - Gold climbed more than 1% on Wednesday as the dollar remained under pressure, while investors awaited key U.S. inflation data this week that would provide clues to the Federal Reserve's monetary policy amid an oil price rally. "This time,…...
Canadian dollar edges lower as trade war with US intensifies | Kitco News
4+ day, 9+ hour ago (285+ words) TORONTO, Sept 9 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday as an escalating trade war between the United States and Canada offset higher oil prices, while bond yields climbed. The loonie was trading 0.2% lower at 1.3805 per U.S....
LME to launch steel contract using Shanghai prices on October 27
4+ day, 9+ hour ago (217+ words) The London Metal Exchange will launch a steel contract using prices from its Shanghai counterpart on October 27, the LME said on Wednesday, advancing China’s drive to expand its influence over global commodity pricing. The LME announced a landmark agreement with…...
Wall St set for lower open as oil hovers near $100
4+ day, 16+ hour ago (520+ words) Sept 9 (Reuters) - The main U.S. stock indexes were on course to open lower on Wednesday, when oil prices surged past the market-sensitive $100-a-barrel mark for the first time since July due to deepening tensions in the Middle East. Traders have struggled…...
Canadian dollar hits nearly three-week high as investors shake off trade angst
5+ day, 8+ hour ago (290+ words) TORONTO, Sept 8 (Reuters) - The Canadian dollar strengthened to nearly a three-week high against its U.S. counterpart on Tuesday as investors focused on higher oil prices rather than an escalating trade war between the U.S. and Canada. The loonie was trading…...
Wall St futures slip as oil surge puts markets on edge
5+ day, 13+ hour ago (443+ words) Sept 8 (Reuters) - U.S. stock index futures slipped on Tuesday as fresh hostilities in the Middle East sent oil prices to their highest since late July, deepening market gloom ahead of inflation data later this week. The declines follow a roller-coaster stretch…...
Copper price set to test $15,000 as investors await US data, tariff clarity | Kitco News
5+ day, 7+ hour ago (411+ words) Copper prices could break through $15,000 for the first time as soon as this week, analysts said on Tuesday, as investors position for another round of U.S. economic data and President Donald Trump keeps the market guessing on import tariffs. Benchmark copper…...
Gold subdued as oil rises, investors await key US inflation data
5+ day, 12+ hour ago (224+ words) Sept 8 (Reuters) - Gold inched lower on Tuesday as a rise in oil prices reignited inflation fears, while investors remained cautious ahead of crucial data this week that could offer clues on the Federal Reserve's interest-rate path. Spot gold fell as…...