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Oil prices edges lower; China stimulus, Trump repercussions in focusvictory
Oil prices slipped Thursday, continuing the previous session's weakness on the
back of a strong dollar and lower crude imports in China.
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Japan stocks higher at close of trade; Nikkei 225 up 0.69%
Japan stocks were higher after the close on Friday, as gains in the
Manufacturing, Precision Instruments and Automobiles & Parts sectors led shares
higher.
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Bitcoin price today: down to $58k before PCE data, set for steep August losses
Bitcoin’s price fell slightly on Thursday amid caution over an upcoming U.S.
inflation reading that is likely to factor into the outlook for interest rates
cuts.
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Gold prices dip as PCE data looms; Set for strong August
Gold prices fell slightly in Asian trade on Friday, but remained close to record
highs as markets awaited more cues on interest rates from key U.S. inflation
data due later in the day.
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Asia FX muted before PCE test; yen firms on strong CPI, while yuan hits 2024 peak
Most Asian currencies kept to a tight range on Friday as the dollar held recent
gains in anticipation of key inflation data that is likely to factor into the
outlook for interest rates.
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Asia stocks rise but still set for August losses; PCE data awaited
Asian stocks rose on Friday as technology stocks recovered from Nvidia-induced
losses, while month-end bargain buying saw Chinese shares rebound from more-than
six-month lows.
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Intel considers splitting off foundry business, scrapping factory plans- Bloomberg
Intel Corporation (NASDAQ:INTC) is considering options to weather a historic
slump, which include potentially splitting off its foundry business and
scrapping plans for new factories, Bloomberg reported on Thursday.
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