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US treasury yields

Gold falls to 7-week low as dollar firms

London - Arab News

Gold prices were little changed after marking a 7-week low on Tuesday, as equities and the dollar were buoyed in Asian trade by upbeat economic data and strong US treasury yields. Spot gold was down 0.1 percent at $1,269.71 an ounce by 0713 GMT, after earlier touching its lowest since mid-August at $1,267.76. US gold futures for December delivery shedRead more

US core capital goods orders, shipments falter in May

Washington - Arab Today

New orders for key US-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter. The Commerce Department said on Monday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.2 percent, the largest decline since December. These so-calledRead more

Asian markets mostly down, pound dips after London attack

Hong Kong - AFP

Asian markets began the week mostly lower Monday as investors mulled the impact of a weekend terror attack in London that saw the pound lose ground in early trading. A weaker-than-expected US employment report also weighed, with wage growth and hiring coming in below expectations and testing confidence in the global outlook. In Tokyo the Nikkei 225, which endedRead more

US stocks rise with oil futures, investors await earnings

New York - Arab Today

Wall Street stock indexes rose on Monday as higher oil futures boosted the energy sector and investors placed their bets ahead of the US quarterly corporate earnings season. However, US Treasury yields dipped in advance of the government’s $24 billion debt auction later in the day, part of its $56 billion sale of notes and bonds this week. In commodities,Read more

Dollar dips vs. yen after US yields pull away from highs

Tokyo - Arab Today

The dollar dipped against the yen on Monday, edging lower down after US Treasury yields dipped on mixed economic data. Trading was subdued with many key markets shut on Monday for the Christmas holidays. The greenback was down 0.2 percent at 117.300 yen. The euro was steady at $1.0457. Currencies took stock of the US debt market, which saw theRead more