News

(Bloomberg) -- Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting money markets to boost bets on an interest-rate cut. The currency and bond yields dropped.Traders abandoned wagers on policy tightening at the RBA’s meeting next week after the closely-watched trimmed mean inflation gauge, which smooths out volatile items, advanced 3.9% in the second quarter from 4% in the prior period, government data

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.

(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

(Bloomberg) -- Federal Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signaling a potential rate cut in September, though they may stop short of providing details beyond that.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 Hou