Page 47 - Texas Intermediate News Today

U.S. West Texas Intermediate (WTI) crude climbed 0.6%, to $79.06, while Brent futures increased 42 cents, or 0.5%, to $83.17 a barrel.

Indian benchmark indices, BSE Sensex and Nifty50, rose on positive global cues after US consumer inflation data. Nifty IT index surged 1.6%, led by Mphasis, Tech Mahindra, and Infosys. Nifty Pharma lagged, while Jindal Stainless fell 10% on softer steel prices. Markets expect two rate cuts in 2024, based on CMEGroups FedWatch tool.

The S&P 500 surpassed 5,300 for the first time as traders took in slightly cooler April inflation data.

US data showing slower-than-expected inflation bolsters argument for interest rate cut, which may drive even greater consumption

Currency hovers at 278-279 level in inter-bank market

By Kevin Buckland TOKYO (Reuters) – Asian stock markets rallied on Thursday, buoyed by Wall Street’s surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year. The dollar remained on the back foot, sagging to fresh multi-week lows against peers including…

(Bloomberg) — Stocks took a breather after rallying to all-time highs, with investors turning to Federal Reserve speakers and jobless claims data for new clues on the path of interest rates. S&P 500 futures were little changed, while Europe’s benchmark index edged lower. Treasuries and the dollar posted small moves. Meanwhile, copper soared for another…

Brent crude futures were up four cents at $82.79 a barrel by 1120 GMT, while U.S. West Texas Intermediate crude gained four cents to $78.67

U.S. stocks poised to increase after soft inflation data

LONDON: Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the US after slower than...