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Oil prices regain ground as investors eye U.S. election fallout
Oil prices edged up on Thursday following a sell-off triggered by the U.S.
presidential election, as risks to oil supply from a Trump presidency and a
hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and
higher inventories.
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Dollar steadies ahead of key economic data deluge
The U.S. dollar steadied at elevated levels Tuesday before the release of a
string of key economic readings this week, while Japanese yen remained near a
three-month low on political uncertainty.
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Apple supplier TDK partners with McLaren Racing in EV push
Apple (NASDAQ:AAPL) supplier TDK (OTC:TTDKY) has partnered with McLaren Racing
in Formula E electric motor racing as the Japanese components manufacturer
targets expansion in the electric vehicle sector.
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Boeing raises about $21 bln in share sale
Boeing Co (NYSE:BA) said it raised around $21 billion in an upsized share sale
on late-Monday, with the capital raise aimed at shoring up its cash position as
the planemaker grapples with a slew of headwinds, most notably a recent strike.
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Gold prices rise, record highs close amid election, rate uncertainty
Gold prices rose in Asian trade on Tuesday, coming close to record highs as the
run-up to the 2024 presidential election and uncertainty before upcoming data
prints kept safe haven demand in play.
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Tesla rival NIO surges 12% after Macquarie upgrades stock
Chinese electric vehicle maker NIO Inc (HK:9866) rose sharply in Hong Kong trade
on Tuesday after Macquarie upgraded the stock, citing improved expectations for
the company’s upcoming earnings.
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Asia FX at risk as dollar firms into US elections- JPM
Asian currencies are at risk of further weakness amid recent strength in the
dollar, especially if the upcoming U.S. elections result in a Republican sweep,
JPMorgan analysts wrote in a recent note.
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