LONDON, SYDNEY—Global stocks and government bonds rallied on Wednesday as good news on UK inflation added to a picture of cooling price pressures, although the data slammed the brakes on sterling’s recent winning streak. Headline British consumer price inflation fell to 7.9 percent year-on-year in June, against expectations for 8.2 percent, in the latest downside…
Stocks Climb, Sterling Weighed Down as UK Inflation Slows
July 19, 2023
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Oil Inches Higher as Investors Eye US Crude Supplies
LONDON—Oil prices edged higher on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Both contracts fell more than 1.5 percent on Monday, following lacklustre Chinese data and the partial restart of some Libyan oilfields. Brent crude was up 51 cent at $79.01 a barrel by 0956 GMT,…
World Stocks Near 15-month High; China Data Weighs on Markets
July 18, 2023
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LONDON—World shares were steady near their recent 15-month highs and the dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for U.S. retail sales data and earnings. Asian stocks fell earlier in the session as markets caught up with growth data…
Closing Prices for Crude Oil, Gold, and Other Commodities (July 17)
July 17, 2023
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Benchmark U.S. crude oil for August delivery fell $1.27 to $74.15 a barrel Monday. Brent crude for September delivery fell $1.37 to $78.50 a barrel. Wholesale gasoline for August delivery fell 1 cent $2.63 a gallon. August heating oil fell 4 cents to $2.56 a gallon. August natural gas fell 3 cents to $2.51 per…
The Top Common Questions About IRS Regulations for Gold IRAs
If you are considering diversifying your savings by opening a gold individual retirement account (IRA), you probably want to know how the rules differ for a gold IRA compared to a standard retirement account. Gold and standard IRAs are the same in many ways, but there are a few differences. In this guide, we compiled…
Oil Slides More Than 1 Percent as Chinese GDP Dents Demand Hopes
LONDON—Oil dropped by more than 1 percent on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world’s second-biggest oil consumer while a partial restart of halted Libyan output also pressured. China’s gross domestic product (GDP) grew 6.3 percent year on year in the second quarter, compared with analyst forecasts…
Global Shares, Dollar Sag After China Data; Traders Bet on Fed Sea Change
July 17, 2023
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LONDON—Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to U.S. rate rises. China reported economic growth of 0.8 percent in the second quarter, above the 0.5 percent forecasted,…
Closing Prices for Crude Oil, Gold, and Other Commodities (July 14)
July 14, 2023
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Benchmark U.S. crude oil for August delivery fell $1.47 to $75.42 a barrel Friday. Brent crude for September delivery fell $1.49 to $79.87 a barrel. Wholesale gasoline for August delivery fell 4 cents $2.64 a gallon. August heating oil fell 1 cent to $2.60 a gallon. August natural gas fell 1 cent to $2.55 per…
Brent Oil Hovers Above $81 After Supply Disruptions
LONDON—Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria. Both the Brent and U.S. West Texas Intermediate (WTI) contracts had risen for three straight sessions and in early Asian trade on Friday, poised to register a third straight week…
World Stocks Hit New 2023 Highs After Rally on Inflation Data
July 14, 2023
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LONDON—World stocks extended their gains on Friday, on track for their biggest weekly rise this year, while the dollar held near 15-month lows as investors bet that the U.S. Federal Reserve was nearing the end of its rate-hiking cycle. Data on Wednesday showed U.S. consumer prices growing at their slowest pace in more than two…
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