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By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. Brent crude futures closed up 6 cents, or 0.08%, at $72.94 a barrel. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.12%, at $69.46 per barrel. …

Oil steady as markets weigh Fed rate cut expectations, Chinese demand Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from U.S. President-elect Donald Trump. All three major U.S. stock indexes jumped more than 1%, gold surged and benchmark U.S. Treasury yields …

US stocks end sharply higher, dollar drops after inflation report Read More »

By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar pulled back from a two-year high on Friday, but was heading for its third-straight week of gains, with data showing a slowdown in inflation two days after the Federal Reserve cut interest rates and indicated inflation was stubborn enough to scale back cuts in 2025. The …

Dollar poised to finish week higher after inflation data, Fed rate cut Read More »

JOHANNESBURG (Reuters) -South Africa’s rand recovered some losses on Friday after a slight improvement in risk sentiment. At 1406 GMT, the rand traded at 18.355 against the dollar, about 0.3% stronger than its previous close. Trade in the rand, like most emerging market currencies, has been volatile this week after the U.S. Federal Reserve on …

South African rand recovers some ground against dollar Read More »

By Chibuike Oguh, Harry Robertson and Rae Wee NEW YORK/LONDON/SINGAPORE (Reuters) -The dollar hovered near its two-year high on Thursday after the Federal Reserve cut interest rates and signaled a much slower monetary policy easing trajectory in 2025, while the yen weakened against the greenback after the Bank of Japan held rates steady. The dollar …

Dollar strengthens as market digests Fed’s hawkish cut Read More »

By Nqobile Dludla JOHANNESBURG (Reuters) -Eskom expects to report a full-year profit of more than 10 billion rand ($546 million), its first profit in eight years, thanks to operational stability and government’s debt relief package, its CEO said as the power utility reported a wider loss on Thursday. Eskom Chief Executive Officer Dan Marokane told …

South Africa’s Eskom expects to turn profitable in 2025 after wider $3 billion loss Read More »

By Shariq Khan NEW YORK (Reuters) -Oil prices fell on Thursday after central bankers in the U.S. and Europe signaled caution over further easing of monetary policy, fanning concerns that weak economic activity could dent demand for oil next year. Brent crude futures fell by 51 cents, or 0.7%, to settle at $72.88 a barrel. …

Oil drops as dour economic outlook adds to oversupply concerns Read More »