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Oil prices head back up on Middle East jitters

TOKYO : Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region.Brent crude futures climbed 34 cents, or 0.38 p
United States Israel General Benjamin Netanyahu Ali Khamenei Federal Reserve European Central Bank

Oil Resumes Gain as Israel Prepares for Potential Iran Attack

(Bloomberg) -- Oil resumed gains as Israel braced for a potential strike by Iran or its proxies, and traders looked ahead to an International Energy Agency report on the supply and demand outlook.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussian Attacks on Ukraine Stoke F
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Australian Market Modestly Lower

Snapping a three-session winning streak, the Australian stock market is modestly lower on Friday, despite the mostly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,800 level, with weakness in iron ore miners and energy stocks partially offset by gains in gold miners and technology stocks.
Schleswig Holstein United States National Australia Bank Federal Reserve Commonwealth Bank Rio Tinto

Stocks muted, gold at new peak as markets weigh Fed cut timing

Asian equities were in a subdued mood on Friday as investors pondered the path for Federal Reserve interest rate cuts amid a murky U.S. inflation outlook. Gold rose to a fresh all-time peak after a mild reading for producer price inflation kept alive hopes for Fed easing this year, though U.S. Treasury yields stuck close to five-month highs in the wake of hotter-than-expected consumer price data mid-week that forced a paring back of rate cut bets. Markets now expect fewer than two quarter poin...
Hong Kong United States Kevin Buckland Jacqueline Wong Susan Collins European Central Bank
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Asian stocks struggle to track Wall St higher, earnings in focus

Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.Analysts said that while reducing interest rates would be a major boost for equities, investor optimism about company profits was crucial.
New Zealand General New Zealand T Ai Pei Hong Kong City Of United Kingdom
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