Oil Declines as US Steps Up Efforts to Secure a Truce in Gaza
Oil edged lower as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.
Oil edged lower as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.
Pakistan’s central bank is seen delaying the start of its easing cycle and keeping interest rates at a record as concerns linger over inflation accelerating again despite a drop in consumer prices, according to market analysts.
Royal Philips NV shares soared by a record after a lower-than-expected settlement on US claims linked to faulty sleep apnea devices, stoking hopes the manufacturer has moved past concerns that have dogged it for the past three years.
Japan’s top currency official opted to keep market players in the dark over whether Tokyo had intervened in the currency market Monday following a sharp move in the market that sliced 2% off the dollar-yen exchange rate.
Stocks rallied as earnings optimism offset concern about higher-for-longer interest rates. The yen rebounded after dropping to its lowest in 34 years.
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