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Gold eases after divided Fed rate cut vote; silver hits new high
Fed cut rates by 25 basis points on WednesdayNovember non-farm payrolls due next weekSilver hits record high at $62.88/ozBy Pablo Sinha Dec 11 (Reuters) - Gold edged lower on Thursday, as traders weighed the U.S. Federal Reserve's divided vote on a quarter-percentage-point interest rate cut,...
Oracle shares drop 12% in Europe after forecasts miss Wall St targets
Dec 11 (Reuters) - Shares in Oracle ORCL.N opened almost 12% lower in Frankfurt, tracking U.S. afterhour losses after the company forecast sales and profit that missed analyst estimates.Oracle said spending would rise by $15 billion compared with earlier estimates - a sign that big capital outlays t
Reuters
Thu, Dec 11
Gold slips after a divided Fed cuts rates; silver hits record high
Dec 11 (Reuters) - Gold eased on Thursday, pulling back from a near one-week high, after the U.S. Federal Reserve delivered a divided interest rate cut that left investors uncertain about the pace of easing next year, while silver notched another record high.Reuters
Thu, Dec 11
Japan markets face 'behind the curve' rate risk on faster inflation, BlackRock's Chiguchi says
TOKYO, Dec 11 (Reuters) - Japanese markets could be jolted next year if the central bank finds itself "behind the curve" in taming inflation, according to BlackRock BLK.N Japan’s chief investment strategist Yuichi Chiguchi.The Bank of Japan is widely exp...Reuters
Thu, Dec 11
US seizes sanctioned oil tanker off coast of Venezuela, Trump says
Move is first known tanker seizure since US build-up beganSignals new effort to go after Venezuela's main revenue sourceImpact on global oil supply unclearBy Idrees Ali, Phil Stewart, Steve Holland and Marianna Parraga WASHINGTON, Dec 10 (Reuters) - The U.S. has seized a sanctioned oil tanker...Reuters
Thu, Dec 11
Copper extends gains after Fed lowers rates
BEIJING, Dec 11 (Reuters) - Copper prices pared some earlier gains but still traded higher for a second straight session on Thursday, after the U.S. Federal Reserve cut interest rates.The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 climbed 0.51% to 92,130 yuan ($13,046.43) peReuters
Thu, Dec 11
Many UK firms say volatile pound triggered losses in 2025, need to hedge grows
LONDON, Dec 11 (Reuters) - Nearly half of UK businesses surveyed by FX and cash management solutions provider MillTech say that they have lost money due to a volatile pound and plan to hedge more of their currency risk, and for longer, a report released on Thursday showed.The report ...Reuters
Thu, Dec 11
Venezuela forced to double discount on oil to Asia due to flood of sanctioned crude
Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on offer and to heightened risk of loading in the South American country as the U.S. boosts its military presence in the Caribbean, traders and other sources said.Reuters
Thu, Dec 11
Canadian Dollar makes fresh headway following another Fed rate cut
The Canadian Dollar (CAD) found fresh 11-week highs against the US Dollar (USD) on Wednesday. The Bank of Canada (BoC) held interest rates steady, while the Federal Reserve (Fed) delivered its third straight interest rate cut, propping up the Loonie and sending the Greenback lower.
Fxstreet
Thu, Dec 11
USD/JPY slumps to near 156.00 after Fed cuts rates
The USD/JPY pair tumbles to near 156.00 during the early Asian session on Thursday. The US Dollar (USD) weakens against the Japanese Yen (JPY) after the Federal Reserve (Fed) lowered interest rates in a widely expected move. The US weekly Initial Jobless Claims are due later on Thursday.
Fxstreet
Thu, Dec 11
US dollar tumbles after Fed cuts rates, Powell comments
The U.S. dollar fell against major peers including the euro, Swiss franc, and Japanese yen on Wednesday after the Federal Reserve lowered interest rates in a widely-expected move, but indicated it will likely pause its easing cycle at the next policy meeting in January.Reuters
Thu, Dec 11
US Stocks Rally After Fed Cuts Interest Rates. Netflix Falls 4%; Palantir Jumps 3%; Micron Rises 4.5%; EchoStar Soars 11%; GE Vernova Surges 16%
Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signaled that it will put further cuts on pause for now.Tiger News
Thu, Dec 11
Musk hints at possible SpaceX IPO in X post after media reports
Dec 10 (Reuters) - Billionaire Elon Musk on Wednesday hinted at a possible SpaceX initial public offering in a social media exchange with Ars Technica space journalist Eric Berger, following reports of a possible listing of the rocket maker in 2026."As usual, Eric is accurate," Musk said, in...Reuters
Thu, Dec 11
Oil settles higher after US seizes tanker off Venezuela's coast
US seized oil tanker near Venezuela, officials saySeizure adds to concerns about immediate supplies, analysts sayUS Fed cuts interest rates by 25 basis pointsUS crude stocks fell less than expected last week, EIA data showsBy Shariq Khan NEW YORK, Dec 10 (Reuters) - Oil prices settled higher ...Reuters
Wed, Dec 10
WRAPUP 3-Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
Fed reduces policy rate by quarter of a percentage pointThree policymakers dissent on policy decisionPolicymakers see one rate cut in 2026By Howard Schneider WASHINGTON, Dec 10 (Reuters) - The U.S. Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likel...Reuters
Wed, Dec 10
Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries
Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.Reuters
Wed, Dec 10
New Fed projections to reset economic outlook after volatile year
WASHINGTON, Dec 10 (Reuters) - Federal Reserve officials will issue new economic projections on Wednesday, an endpoint to a volatile year that saw a hoped-for "soft landing" from inflation morph into renewed price pressures due to rising tariffs, the supply of workers constrained by an immigration cReuters
Wed, Dec 10
