The Latest Breaking News on Markets

Saudi Arabia’s crown prince has announced the transfer of a 4% stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund

Asian stock markets have followed Wall Street higher after United States inflation eased in March and China reported unexpectedly strong exports

Another round of data out of the US is pointing towards inflation there easing, which could mean the Federal Reserve is done with rate hikes, at least for now, and the ASX followed the optimism.

Oil prices slipped on Thursday as the prospect of a possible recession in the United States, the world's largest oil consumer, offset concerns of tight supply. Brent crude fell 55 cents, or 0.63%, to $86.78 a barrel by 1352 GMT.

Amid soaring demand for oil and gas, oil prices appear to be on a positive trajectory. Against this backdrop, strong fundamentals of energy ETFs, Energy Select Sector SPDR ETF (XLE) and Fidelity MSCI Energy Index ETF (FENY), might make them wise portfolio additions this week. Read on….

Asian stock markets have followed Wall Street lower after the Federal Reserve said its economists expect a “mild recession” this year

The Australian share market took a further downward tumble on Thursday, to end the day down, as traders bet on more interest rate hikes from the Reserve Bank of Australia after the unemployment rate remained steady in March. Read how it all happened.

Despite the easing of inflation, persistent macroeconomic headwinds are expected to keep weighing on investor sentiment. Hence, fundamentally strong stocks SCOR SE (SCRYY), Thermon Group Holdings (THR), and The L.S. Starrett Company (SCX) riding high on momentum and sentiment could be worthy investments to secure uplifting returns amid chronic market…

Saudi Arabia topped the G20 countries in the performance of the purchasing managers’ index (PMI) for the non-oil private sector, in January 2023. The index recorded headline growth at 58.2 points, marking consecutive growth since September 2020 and reflecting the strength and durability of the Kingdom’s economy despite the state…

Asian shares were mostly higher Wednesday, as investors watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates

While cooling labor market data should help the Fed pivot from its money-tightening policies, it also indicates that the economy could be heading for a downturn. However, fundamentally strong stocks Serco Group (SCGPY), MasterCraft Boat (MCFT), and PCTEL (PCTI), which have delivered robust results in their last reported quarter and…