May 27, 2024

Oil Prices Steady as Markets Await OPEC+ Meeting

Singapore, Oil prices steadied in Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.

The Brent crude July contract was up 24 cents …

China’s Industrial Profits Up 4.3% in January-April

Beijing, Profits of China’s major industrial firms increased 4.3% year on year in the first four months of the year, official data showed Monday.

The growth rate was the same with that registered in the first quarter, according to the National Bureau…

European Shares Decline at Start of Trading

Brussels, European stocks were down on Monday as investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.

The pan-European STOXX 600 index (.STOXX), was down 0.02 %.

With the US and UK markets…

Gold Recoups from 2-Week Low as Traders Eye US Inflation Data

Singapore, Gold prices drifted higher on Monday from a two-week low hit in the previous session as traders gauged fading hopes of US interest rate cuts ahead of a key inflation report due later this week.

Spot gold was up 0.4% at $2,342.73 per ounce,…