Stock Markets Waver After Tokyo Record
Global stock markets wavered on Monday even as Tokyo closed at an all-time high, while oil prices retreated despite a decision by major crude producers to extend output cuts.
US Stocks Rise On Inflation Report As Nasdaq Hits Record
Wall Street stocks rose Thursday after a key US inflation measure brought investors some relief, though global markets were mixed over questions of when interest rates might start coming down.
Global Stocks Mixed On Fed Rate Cut Caution Ahead Of Nvidia Results
Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.
Global Stocks Mostly Lower Despite China Rate Cut
Wall Street and European stocks mostly fell on Tuesday as gains made in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.
Stocks Bounce After Data-induced Drop
European and US stocks rebounded Wednesday from the previous day's sharp losses, as dealers went fishing for bargains, digested lower-than-expected UK inflation and shrugged off equity losses elsewhere.
Global Stocks Mixed Ahead Of Inflation Data
The Dow climbed to a fresh record Monday on a mixed day for global equities as markets awaited an influential US inflation report.
Stocks Waver As US Tech Shares Fall, Fed Meets On Rates
Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve interest rate meeting.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
Buried In Massive Debt, Italy Puts Crown Jewels Up For Sale
Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt.
US Indices Finish At Fresh Records As ECB Pauses Rates Again
Wall Street indices finished at fresh records Thursday on the back of strong US economic growth data while European stocks edged higher despite the European Central Bank signaling it was too soon to start considering interest rate cuts.
Global Stocks Mixed As S&P 500 Closes At New Record
Global stocks mostly rose Wednesday, fueled by some strong earnings results in New York, robust business activity in Europe, and intervention by regulators in China.
Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy
The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.
UK Inflation In Shock Rise, Dashing Rate Cut Hopes
British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an early cut to UK interest rates and prolonging a cost-of-living squeeze before an election.
Stock Markets Hesitant Ahead Of Inflation Data, Earnings
Global stock markets drifted on Wednesday, the eve of the release of key US inflation data and the start of the latest earnings season.
US Stocks Mostly Fall As Tokyo Hits 33-year High
US and European stocks markets mostly retreated Tuesday as a rebound at the start of the week lost steam amid investor worries about the growth outlook.
UK Consumer Inflation Rate Unexpectedly Decreases In November
Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.
The Path Ahead: Unraveling the Dynamics of Emerging Market Currencies in 2024
The decline in the Eurozone area economies, notably Germany, that are in or near entering recession would, alongside high oil prices, suggest Euro weakness going forward.
Falling Inflation Shifts Focus To When ECB Could Cut Rates
With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.
Falling Inflation Gives Equities A Boost
Data showing lower inflation in the United States and Europe lifted stocks Thursday, with the dollar advancing as traders bet on faster ECB interest rate cuts following the surprisingly big drop in European prices.
Oil Prices Drop Further After OPEC+ Delay
Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc.
Inflation, Higher Rates Hit Eurozone Growth Outlook
The European Commission on Wednesday lowered its eurozone growth forecast for 2023 and 2024, saying the high cost of living and interest rates were weighing on consumers and businesses.
UK Inflation Falls Sharply, Relieving Pressure On PM Sunak
UK inflation hit the lowest level in two years last month after consumer prices fell sharper than expected on easing energy bills, official data showed Wednesday, relieving a cost-of-living crisis and pressure on embattled Prime Minister Rishi Sunak.
Stock Rally Loses Steam As Economic Concerns Return
A rally in stock markets on hopes that interest rates have peaked lost some ground Monday, as traders focused on concerns over weak economic data and conflict in the Middle East.
Global Stocks Mixed, Yen Falls Ahead Of Fed Decision
Global stocks were mixed Tuesday following uneven economic data while the yen tumbled against the dollar ahead of a Federal Reserve decision.
Oil Slumps On Easing Fears Of Mideast Regional War
World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.
Global Stocks Fall, Shrugging Off Blowout US Growth Data
Global stocks fell Thursday as markets shrugged off strong US economic data, digesting mixed corporate earnings and monitoring ongoing turmoil in the Middle East.
Global Stocks Mixed As China Stimulus Lifts Asia
Global stock markets closed mixed on Wednesday as Wall Street tumbled while Europe made small gains -- and Asia rallied on China's plans to boost infrastructure spending.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
Bulgaria Must Double Down on Rule-of-Law Reforms Before Eurozone Entry
Influenced by Russian propaganda, Bulgaria's pro-Kremlin parties are amplifying anti-euro disinformation. However, the country's ongoing rule of law problems render it unfit for immediate euro adoption.
Wall Street Mixed While Europe Sinks On Renewed Rate Worries
Wall Street stocks were mixed Monday after the US narrowly avoided a government shutdown, while European indexes tumbled on renewed interest rates concerns.