KEY POINTS The pan-European Stoxx 600 is heading for a negative week, having closed lower on Thursday as concerns about inflation and ominous earnings reports from U.S. retailers dented global sentiment . Global investors continue to track the war in Ukraine and its geopolitical implications, which have fed into soaring energy and food prices worldwide …
KEY POINTS Asia-Pacific stocks were mixed on Wednesday . Japan’s economy shrank 1% annualized in January-March as compared with the previous quarter, government data showed Wednesday. That was less than the 1.8% contraction predicted in a poll, according to Reuters . U.S. Fed Chair Jerome Powell said he will back interest rate increases till prices …
The U.S. dollar bounced back on Wednesday, a day after its biggest daily loss in more than two months, as U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the central bank battles to rein in surging inflation Powell pledged that the U.S. central bank would ratchet up interest …
Dollar rebounds after Fed’s Powell reaffirms hawkish outlook قراءة المزيد »
Oil prices reversed course and fell over 2% on Wednesday after government data showed U.S. refiners ramped up output, easing worries of a supply crunch, and as traders took cues from a drop in equities market Brent crude was down $2.41 cents, or 2.4%, at $109.52 a barrel, while U.S. West Texas Intermediate …
Oil falls 2% as U.S. refiners ramp up output, equities retreat قراءة المزيد »
Gold futures were flat Wednesday as the dollar recovered slightly, piling pressure on greenback-priced bullion along with firm Treasury yields and an aggressive inflation stance by the U.S. Federal Reserve chief Futures were down just 0.04% at $1,818.10 per ounce. Spot gold, however, climbed 0.3% to $1,819.78 Gold has been consolidating since the end of …
Gold futures are flat as dollar rises, Fed chief hardens stance قراءة المزيد »
KEY POINTS The pan-European Stoxx 600 fell 1.1% provisionally, with tech stocks shedding 2.8% to lead losses as most sectors and major bourses entered negative territory . U.K. inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country’s cost-of-living crisis . . …
European stocks close lower as UK inflation hits 40-year high; Stoxx 600 down 1.1% قراءة المزيد »
KEY POINTS Shares in Asia-Pacific were higher on Tuesday . Hong Kong’s Hang Seng index closed 3.27% higher on Tuesday as Chinese tech stocks surged . The Reserve Bank of Australia could further increase interest rates to ensure that inflation in the country “returns to the target over time,.” minutes from the central bank’s May …
Hong Kong’s Hang Seng index jumps 3%, leading gains as Asia-Pacific stocks rise قراءة المزيد »
KEY POINTS The war in Ukraine remains a key focus for market sentiment in Europe, with fighting raging in the east and southeast of the country On the data front Tuesday, U.K. unemployment fell to its lowest since 1974 in the first quarter, official figures revealed Tuesday, but soaring inflation pushed wages downward . LONDON …
European markets close higher with Stoxx 600 up 1.2%; Imperial Brands climbs 7% قراءة المزيد »
The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors’ appetite for riskier bets diminished the U.S. currency’s safe-haven appeal Upbeat earnings views from Home Depot and United Airlines along with optimism around the easing …
KEY POINTS Brent crude futures fell 11 cents, or 0.1%, to $114.13 a barrel by 0602 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid 22 cents, or 0.2%, to $113.98 a barre . Both benchmarks gained more than 2% on Monday, following a 4% jump on Friday . . . Oil prices inched …
Oil prices inch lower as EU’s Russian oil ban stalls قراءة المزيد »
KEY POINTS European stocks advanced on Friday in an attempt to regain some ground with investors assessing the outlook for inflation and interest rates . Market participants in Europe will be keeping a close eye on geopolitical developments in the region over the next few days, particularly after Finland announced Sunday that it will apply …
European stocks close mixed as global markets struggle for direction قراءة المزيد »
KEY POINTS Asia-Pacific stocks were mixed in Wednesday morning trade . China’s producer price index for April rose 8% year-on-year, higher than expectations for a 7.7% increase by analysts in a Reuters poll . The U.S. April consumer price index is also set to be released Wednesday stateside, and is expected to come in slightly below …
