Oil prices dropped, on Monday, following the announcement of the US President, Joe Biden, to pull out from the presidential race, with investors anticipating further indication on the possibility of the Federal Reserve (the US central bank) lowering i…
The dollar eased slightly on Monday as investors gauged the implications of US President Joe Biden’s decision to end his re-election campaign for the Presidential Elections in November 2024.
The US currency slipped 0.08% to 157.38 yen early in the
Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September.
Brent crude prices were up 48 cents, or 0.57%, at $83.10 a barrel, and
European stocks closed higher at the end of Tuesday’s trading , as global markets remained optimistic about the possibility of the Federal Reserve (the US central bank) cutting interest rates at a significant pace.
The European Stoxx 600 index closed…