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The US Federal Reserve’s decision to raise interest rates by 25 basis points could increase pressure on emerging markets as investors reassess the returns available from dollar-denominated assets. The post US rate hike threatens naira as investors eye safer dollars appeared first on Nairametrics .
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Copper futures climbed to around $6.45 per pound on Thursday, marking a third consecutive session of gains as the broader metals complex rebounded following a widely anticipated interest rate hike by…
Oil prices extended recent losses on Thursday, as Saudi Arabia reportedly moved to ease supply constraints, although persistent tensions in the Middle East have kept crude above $100 a barrel.
The Energy Information Administration reported Wednesday that U.S. crude oil inventories decreased last week while gasoline and distillate stocks grew.
Steel rebar futures held above CNY 3,120 per ton, remaining near two-month highs as several Chinese steelmakers pledged to curb production and reduce steel inventories amid sharply declining margins.
Iron ore futures climbed above CNY 710 per ton, recovering from one-month lows as Chinese steelmakers increased seaborne purchases ahead of the extended National Day holidays in early October.
Saudi Arabia could run out of export stocks within days if the east-west pipeline, which carries crude across the kingdom to its Red Sea coast, is not brought back into operation.
