Stock Market Today: Oil Prices Fall on Trump Iran Comments; Investors Await CPI Report
Nvidia shares flat premarket; stocks steady after Monday rally
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Nvidia shares flat premarket; stocks steady after Monday rally
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Stocks rose across the globe as benchmark oil prices briefly fell below $90 for the first time since August.
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Treasury yields were little changed on Tuesday as investors awaited U.S. consumer-price inflation data for October, while eurozone bond yields fell sharply as oil prices retreated.
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The DXY dollar index fell, helped by lower energy prices and better risk appetite. KBC Bank saying the two factors outweighed rising U.S. yields as key drivers for the currency.
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The Monetary Authority of Singapore is rolling out gold-vaulting services as part of efforts to make the city-state Asia’s top gold-trading hub.
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Regional markets rallied following Wall Street’s gains overnight, with chip-related suppliers shrugging off concerns around Nvidia.
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China’s increase in banks’ foreign-exchange reserve requirements is aimed at slowing the yuan’s appreciation rather than reversing it, OCBC said.
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Oil weakened after President Trump played down the prospect of further U.S. strikes on Iran.
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From high-school clubs to social-media influencers, Asia’s new stock traders face a brutal reality check.
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Gold edged lower in early Asian trade. The precious metal has gained some momentum as lower oil prices and a rebound in equity markets boosted risk appetite, ANZ Research said.
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Japanese stocks were higher in early trade as concerns eased about an escalation in the Middle East conflict, pulling oil prices lower overnight.
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Faith in tech stocks wobbled last week. By Monday, cooler heads had prevailed; eulogies for the AI trade appear “hyperbolic at best right now.”
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Even if the woman Huang had an affair with isn’t a spy, a relationship with an executive of a major customer should matter to shareholders.
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