Oil Prices Sharpen Losses to 2024 Lows

Oil Prices Sharpen Losses continued their downward trajectory on Wednesday, falling by 1.5% in American trade and hitting 2024 lows. The decline is driven by growing concerns about global demand due to weakening industrial sectors in the US and China, along with expectations of increased oil production by OPEC+ and potential rebound in Libyan output.…

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Dollar Give Up retreated in European trading on Wednesday, pulling back from its two-week highs as traders took profits and adopted a cautious stance ahead of key US labor data. This data is expected to provide critical insights into the Federal Reserve’s future decisions on interest ratesparticularly the pace and size of any rate cuts…

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Euro Tries to made attempts to recover in European trading on Wednesday, staying above two-week lows against the US dollar. This comes amid reports of growing divisions among European Central Bank (ECB) policymakers regarding future interest rate cuts for the eurozone. As investors keep a close eye on upcoming US labor data, the direction of…

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US Stock Indices Lose experienced a significant drop on Tuesday, driven by disappointing economic data that raised fresh concerns about the health of the world’s largest economy. With key indicators showing persistent weaknesses, investors are left wondering what this means for the future of the stock market and the broader economy. Weak Economic Data Sparks…

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