ADVFN US – Market Content Editor

Metal prices were rising, as a weaker dollar helped support commodities backed by the greenback. “The outlook for gold futures in coming months remains largely contingent on the U.S. dollar,” Commonwealth Bank of Australia said. “The dollar has weakened since the beginning of November as markets have looked to price in more Fed Fund rate…

Oil prices were slightly higher after closing at their lowest level since July as skepticism around OPEC+ cuts continued to weigh on sentiment. Saudi Arabia cut its official selling prices for its flagship Arab Light crude to Asia and other regions despite extending voluntary output curbs as part of an OPEC+ deal. In an interview…

The case for the fixed income asset is the strongest it has been for years, Invescosaid. The potential peak in interest rates is “offering the opportunity to lock in a higher level of income for the years to come,” it added. Heading into 2024, the market consensus is generally that interest rates have peaked, “which…

The euro weakened and looked vulnerable to further falls against the dollar due to increasing expectations of interest-rate cuts by the ECB next year and the U.S.’s growing yield advantage over the eurozone, Helaba Research said. The euro has fallen below its 21-day and 200-day moving averages and is coming very close to support at…

Stock futures rose on Wednesday, a day after equities struggled even with more relief from bond yields. There’s more jobs data on tap in the form of the ADP private-sector employment report, though the report is not a reliable predictor of the jobs data produced from the government that is due on Friday. Investors will…

Rio Tinto Plans $6.2 Billion Investment in Guinea Iron Ore Project Rio Tinto’s single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking ingredient. British American Tobacco Sees GBP25 Billion Impairment on U.S. Brands Pressure British American Tobacco said…