Stocks higher but Oil slumps again

Stocks finishing August on a high note “August is finishing in a very different form to how it began. While the Nikkei 225 is still down for the month by 1.2%, itself a significant achievement, the FTSE 100, Dax, Dow and others are all in positive territory for the month.

The summer squall of early August has been forgotten, and with US economic data still looking strong, and rate cuts on the way, investors remain confident about the near-term outlook.” Oil slumps as OPEC pledges to increase production “Another see-saw week for oil prices is ending with the commodity firmly on the back foot. Hopes of a sustained rebound on stronger demand seem to have been definitively dashed as OPEC pledges to boost production from October.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman issues warning on how quickly market confidence has recovered from an August stocks slumpThe speedy return of market confidence following a global sell-off in risky assets should be seen as a cause for concern, according to Goldman Sachs.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Goldman issues warning on how quickly market confidence has recovered from an August stocks slumpThe speedy return of market confidence following a global sell-off in risky assets should be seen as a cause for concern, according to Goldman Sachs.
Source: CNBC - 🏆 12. / 72 Read more »