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Day: April 29, 2020

Apr 29
Asian shares cautious ahead of Fed, corporate earnings

Asian shares were cautiously higher on Wednesday as investors paused ahead of the US Federal Reserve’s policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions. Asian Shares “The market narrative remained centered around recent competing themes with stimulus and reopening flagged as large […]

Apr 29
Gold Up as Investors Await U.S. Fed Decision

 Gold was up in Asia on Wednesday morning, adding to its gains from the previous session. Gold futures were up 0.22% to $1,726 by 12:16 PM ET (5:16 AM GMT). They gained 0.10% during the previous session. The anticipation from a U.S. Federal Reserve meeting scheduled for later in the day. This has boosted investors’ confidence as well as this has increased confidence level as asian stocks gain and the dollar retreat. The […]

Apr 29
Oil prices claw back losses as storage fills less rapidly than feared

U.S. oil prices jumped on Wednesday, trimming some of this week’s losses, after U.S. stockpiles rose less than expected and on expectations demand will increase as some European countries and U.S. cities moved to ease coronavirus lockdowns. U.S. West Texas Intermediate (WTI) crude (CLc1) futures climbed to a high of $14.40 a barrel and were […]

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