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Crude Oil Prices Climb Ahead of OPEC+ Meeting

CRUDE OIL PRICE OUTLOOK: Oil prices are steady on Wednesday after API reported a larger-than-expected fall in crude inventories OPEC+ will meet to discuss easing pandemic-era production cuts on Thursday WTI is challenging a key chart resistance at $73.5, but upward momentum is fading Crude oil prices held gains during Wednesday’s APAC session, trading near two-and-half year highs. Risk appetite was revitalized after a lab report showed that Moderna’s Covid-19 vacci

Asian shares steady, dollar weak as traders await earnings

Asian shares steady, dollar weak as traders await earnings HONG KONG, Oct 25 (Reuters) - Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies. HSBC (HSBA.L) and Facebook (FB.O) will both publish quarterly results on Monday, in Asian trading and late U.S. hours respectively.

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HSBC rides out China property storm with 74% profit jump, $2 bln buyback

HSBC rides out China property storm with 74% profit jump, $2 bln buyback   SINGAPORE/LONDON, Oct 25 (Reuters) - HSBC (HSBA.L) shrugged off concerns about pandemic-related bad loans and property problems in China on Monday with a surprise 74% quarterly profit jump and a $2 billion share buyback. The British bank's profit growth was mainly driven by the release of cash reserves set aside in anticipation of pandemic-induced defaults, with HSBC's finance chief Ewen Stevenson tell

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Facebook Share Price Attempting to Rebound Ahead of Q3 Earnings

WHEN DOES FACEBOOK REPORT EARNINGS? Facebook is set to release its Q3 financial results on 25 October, after the market closes. At the time of writing, expectations are pointing to a 32.1% increase in earnings per share to US$3.17, up from US$2.40 a year ago. FACEBOOK EARNINGS – WHAT TO EXPECT For the upcoming earnings release, the impact of Apple’s anti-tracking initiative on Facebook’s businesses will be closely assessed, as the management has previously cautioned of a larger im

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