S&P 500 rebounds on reports of US-Iran 60-day ceasefire MoU
Wall Street reversed a weak start and turned positive on Thursday after reports emerged that the United States and Iran had reached a preliminary agreement aimed at extending the current…
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Category: Business
ASX 200 index on edge as Australian bond yields fall after inflation cools
The ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this…
US mortgage rates hit nine-month high as inflation concerns grow
The interest rate on the most popular US home loan climbed to a nine-month high last week as elevated oil prices linked to the Iran war fueled inflation concerns and…
US-Iran talks hang in balance after fresh strikes as markets watch for breakthrough
Negotiations between the United States and Iran entered a precarious new phase on Tuesday after overnight American strikes in southern Iran intensified fears of a wider regional confrontation. The escalation…
Weak inflows leave rupee exposed as oil prices stay high, warns ING
India’s rupee is under mounting pressure as oil prices stay elevated, with ING Economics ’ Deepali Bhargava warning that weak capital inflows, rather than the current account deficit, are driving…
US consumer confidence slips as Iran war-driven price pressures weigh on households
US consumer confidence edged lower in May as rising gasoline prices and growing concerns over the economic fallout from the conflict involving Iran continued to pressure household sentiment. Data released…
NZD/USD forecast: sits at a core level ahead of the RBNZ rate decision
The NZD/USD exchange rate pulled back today, May 25, as forex traders for the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision, which happens on Wednesday this week.…
Top Trump supporters blast his Iran deal to reopen Strait of Hormuz
President Donald Trump’s deal with Iran to reopen the Strait of Hormuz is drawing some notable critics who believe it is weak and will leave Iran better off and be…