Page 164 - Texas Intermediate News Today

Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 83.50 points or 0.38 percent.

Brent crude futures fell 22 cents, or 0.3%, to $83.46 a barrel by 0124 GMT. U.S. West Texas Intermediate crude futures were down 30 cents, or 0.4%, to $78.24 a barrel.

Asian shares mostly fell on Thursday tracking US losses ahead of the release of crucial inflation data later in the day that will help chart the Fed's rate cut timeline.Expectations for cuts to US interest rates have shifted to later this year, as recent inflation data has come in hot and Fed policymakers have taken a wait-and-see attitude, calling for more time and data showing that inflation is moving towards their two percent goal.

Oil fell after trading in a narrow range as traders weighed rising US crude inventories against expectations that OPEC+ will extend supply cuts.

Investors are wary ahead of the release later in the day of the Fed's preferred inflation gauge, the personal consumer expenditures (PCE) price index, after dialling back bets for a first rate cut to June. Get more Global Markets News and Business News on Zee Business.

Higher-for-longer rates could dampen economic growth, suppress demand for oil

(Bloomberg) — Equities retreated in Asia as Treasuries and the dollar strengthened ahead of the Federal Reserve’s key inflation metric due Thursday that will help identify the path forward for interest rates. Australian, Japanese and South Korean shares all fell Thursday while equity futures for Hong Kong also slipped. US stock futures edged lower in…

Oil prices fell as larger-than-expected U.S. crude stockpiles and signs of prolonged elevated U.S. interest rates raised concerns about demand.

(Bloomberg) — Equities in Asia rose with US stock futures ahead of the Federal Reserve’s key inflation metric that will help identify the path forward for interest rates. Bitcoin surged past $61,000. Korean and Indian stocks fell, while Chinese equities rebounded after Wednesday’s selloff. The yen climbed the most in more than a week against…

USD/CAD continues its winning streak, marking the fifth consecutive session with gains, as it edges higher around 1.3580 during the Asian session on Thursday.