(Bloomberg) -- Japanese stocks dropped and the yen rose as traders positioned for a potential interest-rate hike from the nation’s central bank, the highlight of an event-packed day in Asia. Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hours: Markets WrapRich Hong Kong Families Sell
Oil claws back some losses after Israel retaliates against Hezbollah
Oil futures clawed back some losses on Wednesday, recovering from 7-week lows as geopolitical tensions rose after Israel retaliated against an attack by Hezbollah, although prices remained under pressure from concerns about demand in China. Brent crude futures climbed 39 cents, or 0.5%, to $79.02 a barrel by 0020 GMT ahead of expiry on Wednesday, while the more active October contract was at $78.54, up 47 cents. U.S. West Texas Intermediate crude futures rose 52 cents, or 0.7%, to $75.25 a barrel.
Oil Rises After Industry Report Shows Another US Stockpile Draw
(Bloomberg) -- Oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hours: Markets WrapRich Hong Kong Families Sell Mansions at Discounts to Repay DebtBrent crude for
This chart suggests the current bull market rally in stocks will extend into 2025
"We expect to remain overweight equities, with the correction leading to a buying opportunity," Ned Davis Research said.
Landstar sees stabilizing trends, still awaiting TL market turn
Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned. The post Landstar sees stabilizing trends, still awaiting TL market turn appeared first on FreightWaves.
$10 billion fund manager cites three favorite stocks
The MSCI All-Country World stock Index has gained 11% year to date.
Werner CEO Leathers says freight market inflection point may be close
The CEO of Werner Enterprises says an inflection point in the freight market might be near. The post Werner CEO Leathers says freight market inflection point may be close appeared first on FreightWaves.