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Aussie shares hit record high close, log best week in a month on US rate cut cheer
Australian shares notched a record closing high for the fifth straight session on Friday (Sep 20) and logged their biggest weekly rise in a month, as global optimism in...
Bank of Japan leaves key interest rate unchanged
THE Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets.Two...
Gold hovers near record high as traders navigate Fed’s giant rate cut
GOLD prices steadied near record highs on Friday (Sep 20) and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent super-sized interest rate...
Oil prices rise 2% after US rate cut
OIL prices rose by nearly 2 per cent on Thursday after the Federal Reserve’s large cut in US interest rates helped global benchmark Brent crude recover from its lowest in...
Europe: Shares advance as global markets cheer Fed’s outsized rate cut
EUROPEAN stocks jumped on Thursday after the US Federal Reserve delivered a 50-basis-point rate cut and flagged that further easing would be measured, raising hopes of a soft landing for...
US: Dow, S&P 500 end at records as market digests Fed rate cut
WALL Street stocks soared to fresh records on Thursday as markets cheered the Federal Reserve’s move to aggressively cut interest rates to protect the labour market.The Dow Jones Industrial Average gained...
Singapore stocks rise to 2007-level highs, cheered by US rate cut; STI up 1.1%
THE Singapore stock market was buoyant on Thursday (Sep 19) after the US Federal Reserve announced a 50-basis-point cut to the federal funds rate overnight.The Straits Times Index (STI)...
US Federal Reserve rate pivot seen driving outsized gains in Asian assets
ASIAN assets could have better earnings prospects and more room to benefit from easing than their global peers, after the US Federal Reserve’s shift to interest rate cuts. The...
