Oil prices rise, stocks mixed ahead of crucial US inflation data

HONG KONG: Oil prices rose again on Wednesday (Aug 12) and stock markets were mixed, with eyes on the release of key United States inflation data that could guide the Federal Reserve on its plans for interest rates.Traders trod nervously ahead of the consumer price index (CPI) figures, which follow a report last week s

Oil, gold prices rise as geopolitical tensions mount before CPI  Reuters

Dollar Hits 7-Week Low After Weak U.S. Jobs Data  wsj.com

Global stocks surged after weak US jobs data in July reduced fears of a Federal Reserve interest rate hike, despite a spike in oil prices. Find out more.

U.S. stock-index futures were little changed on Sunday, after new demands from Iran raised fresh doubts about the Strait of Hormuz reopening anytime soon and as investors await key inflation data later this week.

Gold and silver prices are expected to remain firm next week. Investors will track inflation data from major economies and West Asia developments. Upcoming Chinese economic data will also be important for industrial metals. Analysts predict gold and silver will trade with a positive bias. Volatility is expected to rema