Gold Futures Hit New Record on Central Bank Buying, Safe-Haven Demand
Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions.
IEA Expects Global Oil-Demand Growth to Slow Further in 2025
The International Energy Agency cut its forecast for oil-demand growth this year and said the pace of expansion is set to further decelerate in 2025 as the post-pandemic rebound runs its course and the electric-vehicle rollout weighs on consumption.
China Exports Slide, Snapping Short-Lived Rebound
China's exports fell by more than expected in March after a short-lived rebound, casting a shadow over recent signs of recovery in the world's second-largest economy.
China's Economy Isn't Gaining Much Steam. Why That Could Be a Problem.
Data from the research firm China Beige Book show that the momentum needed for a sustained rebound has yet to develop.
Interest Rates Have Investors Worried. Profits Give Them Comfort.
A stronger-than-expected economy portends fewer rate cuts this year as well as improving earnings.
U.K. Edges Toward Recovery But Rate-Cuts Remain in Focus
The U.K. economy continued to grow slowly in February as it looks to climb out a shallow slump, though calls will likely remain for the Bank of England to add some vigour with interest-rate cuts starting in June.
U.S., Japan, Philippines Boost Ties With Chip, Nickel Deals
The U.S. and Japan have outlined plans to invest in infrastructure, semiconductor and nickel projects in the Philippines as the three countries seek to deepen ties amid tensions with China.
Bank of Korea Stands Pat, Keeping Guard Up Against Inflation
South Korea's central bank held its base rate steady for a 10th consecutive time as widely expected, keeping its guard up against still-stubborn inflation.
Singapore Central Bank Keeps Policy Unchanged
Singapore's central bank kept its monetary policy unchanged as it cautioned that inflation is set to stay high for at least a few quarters.
China Seeks to Boost Stock Market Supervision
China has issued new national-level guidelines aimed at addressing stock-market volatility, including tightening supervision of new listings.
(END) Dow Jones Newswires
04-12-24 0515ET
