Markets

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Asian Stocks Close Higher, Hang Seng Surges 4% as Investors Monitor US Jobs Data

Asian stocks rallied on Friday, with the Hang Seng Index in Hong Kong leading the gains, as investors closely watched the latest developments in the US job market. The positive sentiment was fueled by news of the US Senate passing a bill to raise the debt ceiling, alleviating concerns of a potential default on US …

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Oil Prices Surpass $70 as Progress on Debt Ceiling Law Drives Market

Crude oil futures closed above $70 on Thursday (June 1) following the US House of Representatives’ approval of a bill to increase the debt ceiling. Investors also awaited the outcome of the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, scheduled for this Sunday. WTI …

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Asian Stock Markets Mixed After US House of Representatives Approves Increase in Debt Ceiling

Asian stock markets showed a mixed response following the approval of an increase in the debt ceiling by the US House of Representatives. While some markets reacted positively to the news, concerns about the Chinese economy and other domestic factors weighed down on investor sentiment. In Hong Kong, the Hang Seng index closed at 18,216.91 …

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Oil Prices Fall on Strong Dollar and Concerns Over China Manufacturing

Crude oil futures closed in negative territory on Wednesday as a result of a strengthening US dollar and concerns over China’s contracting manufacturing sector. These factors have sparked worries about the economic outlook of China, the world’s largest oil importer. WTI crude futures declined by $1.37, or 1.97%, settling at $68.09 per barrel. This marked …

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Asian Stock Markets Decline as Investors Monitor US Debt Ceiling Vote

Asian stock markets closed lower as investors remained cautious and closely watched the US Congress’s vote on the debt ceiling. Concerns about the global economic outlook, particularly in China, also weighed on market sentiment. In Australia, the S&P/ASX 200 index dropped by 118.00 points or 1.64% to close at 7,091.30. The broader All Ordinaries index …

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Oil Prices Plummet as Debt Ceiling Vote Looms and OPEC Plus Meeting Approaches

Oil futures experienced a significant decline on Tuesday (May 30) amid concerns regarding the US Congress’ decision on legislation to increase the debt ceiling. Market sentiment was further dampened by uncertainty surrounding the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, scheduled for June 4. …

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