Oil prices declined further in Asian trading on Thursday, continuing a recent downward trend as weak U.S. labor data heightened fears of an economic slowdown, overshadowing optimism about potential interest rate cuts. Ongoing uncertainty over a possible Israel-Hamas ceasefire provided little support for crude prices, with negotiations showing no clear progress toward a resolution. Even […]

Morgan Stanley has reaffirmed its bullish stance on Japanese and Indian stock markets while further lowering its expectations for China, citing a lack of significant growth improvements in Asia’s largest economy. The firm expressed a preference for Japanese markets over other emerging markets in Asia. Despite slightly reducing its year-end targets for Japanese indices, Morgan

  European and Global Markets Outlook by Tom Westbrook As we look ahead in European and global markets, the prospect of a global easing cycle is becoming increasingly likely, with the majority of Federal Reserve policymakers leaning toward interest rate cuts. The anticipated reduction in U.S. rates provides smaller economies with the flexibility to adjust

Gold prices retreated from record highs in Asian trading on Thursday as the recent rally in the yellow metal cooled, with market attention shifting to U.S. interest rate cuts and rising concerns about a potential recession. Earlier this week, gold surged to new highs driven by increasing confidence that the Federal Reserve would begin cutting

Most Asian currencies weakened on Thursday as the dollar rebounded from its seven-month lows due to some bargain buying, although traders remained largely skeptical about the greenback amid expectations of upcoming interest rate cuts. The Japanese yen softened after strong gains earlier in the week, but positive sentiment towards Japan persisted, bolstered by encouraging Purchasing