Business News Asia
Crude oil prices could already increase today at noon in Asia (GMT+7) due to concerns about the current supply shortages.
Brent crude oil is up 0.14% at noon today at $78.16 per barrel.
WTI crude oil is up 1.15% at $74.83 per barrel.
Crude oil prices have been rising steadily for the past 3 weeks. Due to the supply bottlenecks mainly triggered by the region in the Gulf of Mexico, an easing is only expected towards the end of the year.
On Wednesday, the data on U.S. crude oil inventories for the last week will be released.
The gold price starts the week weaker. The press conference on the sidelines of the FOMC meeting of the Federal Reserve last Wednesday still puts the gold price.
The gold price is currently down 0.11% at $1748.45 per ounce.
In China, fears about the Evergrande collapse continue. The unpaid bond payments leave Chinese investors at the moment no peace. Demands for physical gold in China have increased over the past week.
For the U.S. markets, it will be interesting again on Tuesday when the U.S. CB consumer confidence data is released. The Conference Board (CB) measures consumer confidence in economic activity.
Then on Wednesday, there will be figures from the NAR (National Association of Realtors) on August pending home sales.
On Thursday, the GDP figures for the 2nd quarter and the initial jobless claims will be announced. In addition, there will be data on those who are continuing to file for jobless claims.
Finally, on Friday, the ISM Manufacturing Employment figures for September, the Michigan Consumer Sentiment (September), and the Michigan Consumer Expectations (September) data will be released.