stock market

Europe's biggest economy could be headed for weeks, if not months, of political uncertainty

Beyond the Evergrande saga, Gregori Volokhine of Meeschaert Financial Services blamed the standoff over the US debt ceiling

Oil prices have bounced back strongly, and inched up despite the International Energy Agency saying global crude demand had dropped for three straight months

Europe's main equity markets advanced, while Asian markets were mixed.

Oil prices rose further following last week's gains

Fears about the much more contagious variant have rattled world markets as it forces some governments to reimpose containment measures

US stocks had dropped the last two sessions, with analysts pointing to a weak retail sales report amid the Delta variant

Wall Street's streak of five straight records for the Dow and S&P 500 indices ended with a thud

Oil prices were down around 1.5 percent on the weak Chinese economic data.

World central bankers will meet later this month at an annual conference in Jackson Hole, Wyoming

Crude prices rallied on Tuesday, with some analysts saying the worries over the hit to demand from the Delta variant have been overstated.

China has also been confronted with a worsening resurgence of Covid-19.

A bigger unknown may be the platform's fate when the stock market no longer sees steadily climbing equity values as it has in recent months.

Bitcoin briefly climbed above $40,000 after Tesla expressed fresh support for the world's most popular cryptocurrency

Twitter shares were up more than five percent in after-market trades that followed release of the earnings figures.

The Delta variant has been in the headlines for weeks, but concerns on Wall Street grew after Los Angeles reimposed an indoor mask mandate over the weekend

British data showed unemployment dipped to 4.8 percent in the three months to the end of May from 5.0 percent in the three months to February.

The Fed has said repeatedly that stiff increases in consumer prices will be transitory, and so far the markets have largely accepted that argument.

Both the Dow and S&P 500 finished lower, retreating from records, while the tech-rich Nasdaq edged to a second straight record.

Investors were rattled last week when the Fed moved up its forecasts for raising interest rates, while still arguing that consumer price increases were transient.

Shares of Apple, Facebook and Amazon all climbed more than one percent, leading to a 0.9 percent jump in the tech-rich Nasdaq Composite Index to 14,161.35.

The yield on the 10-year US Treasury note rose back above 1.6 percent, an indication of rising expectations on inflation.

Bitcoin jumped close to $36,500, having tanked on Sunday towards $30,000.

Goldman Sachs became the latest large bank to announce concrete plans to return staff to downtown New York.

Under Armour also agreed to "other non-monetary settlement terms," without elaborating.

Wall Street's major indices all fell, with the Dow retreating from an all-time high as the yield on US government debt rose.

Only earlier this month oil prices struck a 14-month high -- returning to pre-pandemic levels -- on reopening optimism.

Stocks prices of oil companies and airlines, which could lose the crucial summer travel season in Europe if cases continue to rise, suffered.

Chinese companies looking at selling shares in the city include Tencent's music group and video site Bilibili.

It counted close to 33 million daily players in 2020, and revenue soared 82 percent to $924 million.