WTI Slips to Near $81.50 Amid Fed’s Hawkish Remarks, Unexpected Rise in US Crude Inventories
WTI Slips to Near $81.50 Amid Fed’s Hawkish Remarks, Unexpected Rise in US Crude Inventories Western Texas Intermediate (WTI), the benchmark for US crude oil, saw its prices hovering around $81.50 on Wednesday. This downward shift is attributed to the strengthening of the US Dollar (USD) and an unexpected increase in U.S. crude and gasoline stocks. The recent hawkish remarks by US Federal Reserve (Fed) policymakers, particularly Fed Governor Christopher Waller, played a key role […]
New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates
New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates In March, New Zealand’s business landscape faced a notable dip in confidence, according to an ANZ Bank survey. The findings indicated a downward trend in activity indicators and a marginal decrease in inflation pressures. This shift reflects a more cautious outlook among businesses regarding the country’s economic prospects in the coming year. The survey’s headline figure revealed a significant change in sentiment. A net 22.9% […]
ASX 200 Nears 7,900 Amid Improved Market Sentiment, Anticipating RBA Rate Cuts
ASX 200 Nears 7,900 Amid Improved Market Sentiment, Anticipating RBA Rate Cuts The Australian Securities Exchange (ASX) 200 Index has marked a significant uptick, approaching the 7,900 mark with a 0.26% rise on Thursday. This growth propels the index to new record heights, reflecting a positive shift in market sentiment. Key to this upward trend are the latest Australian economic indicators, which suggest a potential easing in the Reserve Bank of Australia’s (RBA) monetary policy. […]