Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand. Oil benefited from a better tone on the opening, IG market analyst Tony Sycamore said, after China halved stamp duty on stock trading effective Monday in the latest attempt to boost struggling markets. 'Unfortunately, after last week's modest (Chinese central bank interest) rate cut, the announcements above amount to another piecemeal measure that won't alter investor gloom towards China,' he added.
You want to leave your loved ones with assets that will enrich their lives. However, not all assets are created equal. Despite your best intentions, some of the assets you plan to bestow upon your...The MSNBC host described what the former president needs to do to win the 2024 election.Are you waiting for a bull market? It could be around the corner. Find out which stocks to buy today! The post A Bull Market Could Be Coming: 3 Reasons to Buy 3 Stocks appeared first on The Motley Fool Canada.
Canada's second-quarter GDP report, due on Friday, is likely to show a sharp slowdown in economic growth, a Reuters poll of economists showed, which could lead the Bank of Canada to pause its interest rate hikes despite recent hotter inflation data. The GDP report will be the last major piece of domestic data before the Canadian central bank makes its next policy decision on Sept. 6. It is expected to show the economy growing at a 1.1% pace in the second quarter, down from 3.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Sinopec's interim profit down 20.1% on lower oil prices(Reuters) - Chinese refining giant Sinopec Corp reported on Sunday a 20.1% fall in interim net profit for the first half of the year compared with the ...
Read more »
Oil Edges Higher as China Stimulus Moves Offset Demand ConcernOil rose for a third day after China announced measures to boost its stock and property markets, helping offset concerns about increased supply and monetary tightening in the US and Europe.
Read more »
Oil ticks higher after China moves to support flagging economyBy Florence Tan SINGAPORE (Reuters) - Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging ...
Read more »
Head of Japan coalition partner postpones China visit at China's requestTOKYO (Reuters) - The head of Japan's Komeito party, the junior partner in the coalition government, will postpone his planned visit to China at ...
Read more »
China's 'aggressive behaviour' in South China Sea must be challengedMANILA (Reuters) - China's
Read more »
Stanley Cup arrives in Ottawa for a visit MondayStanley Cup arrives for a visit in Ottawa on Monday
Read more »