China’s consumer prices fell for the first time in more than two years in July, while the country’s factory-gate price index declined at a slower rate, official data showed Wednesday. China’s consumer-price index dropped 0.3% from a year earlier in July, after remaining flat in June, the National Bureau of …
Devamını oku »Oil prices bounce back after dipping on China data disappointment
Oil futures ended higher Tuesday, shaking off losses seen earlier in the session after disappointing international trade data from China sparked worries over demand. Analysts tied the rebound to news reports that Saudi Arabia’s cabinet reaffirmed its support for production cuts by the Organization of the Petroleum Exporting Countries and …
Devamını oku »Oil prices suffer biggest one-day drop in over a month despite historic fall in crude inventories
A historic drop in U.S. crude inventories wasn’t enough to lift oil futures Wednesday, with the U.S. and global benchmarks suffering their biggest one-day declines in more than a month. Price action West Texas Intermediate crude for September delivery CL00, -1.89% CL.1, -1.89% CLU23, -1.89% fell $1.88, or 2.3%, to …
Devamını oku »Gold prices end slightly lower after Fitch strips U.S. government of top-tier credit rating
Gold and silver futures settled lower on Wednesday after Fitch Ratings lowered the U.S. government’s credit rating Tuesday evening, following its warning it may do so earlier this year in the wake of the debt-ceiling fight in Congress, while the latest report shows the U.S. economy saw a robust gain …
Devamını oku »U.K. house prices fall by the most in 14 years
U.K. house prices skidded in July by the most in 14 years, a leading mortgage provider said Tuesday. Nationwide reported a 0.2% seasonally adjusted change in July to take its home price index down 3.8% year-over-year. The decline in home prices comes as the Bank of England has aggressively raised …
Devamını oku »Oil prices on track for largest monthly gain in over a year
Oil futures rose early Monday, with both Brent and West Texas Intermediate crude on track for big monthly advances following strong economic data. Price action West Texas Intermediate crude for September delivery CL00, +1.01% CL.1, +1.01% CLU23, +1.01% rose 77 cents, or 1%, to $81.35 a barrel on the New …
Devamını oku »Why are gas prices going up again? Brace for further increases, analysts say
Gasoline prices continued to climb Friday, hitting a national average of $3.732 a gallon on Friday, as analysts warned that upside pressure may not relent soon. The national average price, as reported by AAA, was up from $3.587 a week ago and $3.556 a month ago. It remains above its …
Devamını oku »Shunned commodity ETFs starting to ‘perk up’ as Fed watches grain prices
Hello! This week’s ETF Wrap digs into commodity ETFs rising so far this month. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on Twitter at @cidzelis and find me on LinkedIn. Isabel Wang is on Twitter at @Isabelxwang. Sign up here for our weekly ETF Wrap. Exchange-traded funds that provide …
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