LONDON/SYDNEY—Global shares fell on Wednesday as fresh signs of China’s faltering economic recovery emerged, with traders awaiting U.S. Federal Reserve minutes and a key U.S. jobs report later in the week for clues to the central bank’s rate outlook. In quiet trade following the Independence Day holiday on Wall Street on Tuesday, European stocks slipped…
Shares Slip on China Growth Jitters as Fed Minutes Loom
July 5, 2023
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Yen Firms Amid Intervention Chatter, Trading Subdued on US Holiday
LONDON/SINGAPORE—The dollar fell slightly against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.18 percent at 1104 GMT to 144.44 yen, after rising 0.27 percent on Monday. However, the yen…
Oil Rises as Market Weighs Supply Cuts Against Gloomy Economic Outlook
LONDON—Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook. Brent crude futures were up 85 cents, or 1.1 percent, to $75.50 a barrel at 0950 GMT. U.S. West Texas Intermediate crude was at $70.61 a barrel, up 82…
Stocks Drift as Investors Balance Peak Rate Hopes With Oil Price Rise
July 4, 2023
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LONDON/HONG KONG—Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6 percent last month as the U.S. Federal Reserve paused its cycle of aggressive rate…
Closing Prices for Crude Oil, Gold, and Other Commodities (July 3)
July 3, 2023
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Benchmark U.S. crude oil for August delivery fell 85 cents to $69.79 a barrel Monday. Brent crude for September delivery fell 76 cents to $74.65 a barrel. Wholesale gasoline for August delivery fell 8 cents $2.46 a gallon. August heating oil fell 7 cents to $2.38 a gallon. August natural gas fell 9 cents to…
How Major US Stock Indexes Fared July 3
Stocks drifted higher Monday as momentum slowed on Wall Street following a powerful rally to start the year. The S&P 500 edged up 0.1 percent, rising to its highest level since April 2022. The Dow rose less than 0.1 percent. The Nasdaq composite rose 0.2 percent. Tesla rose after it said the number of vehicles…
Stock Market Today: Wall Street Tacks a Bit More to Its Big Run for the First Half of the Year
NEW YORK—Stocks edged higher in a shortened trading day Monday as momentum slowed on Wall Street following its powerful rally through the first half of the year. The S&P 500 rose 5.21 points, or 0.1 percent, to 4,455.59 and reached its highest level since April 2022. The Dow Jones Industrial Average gained 10.87, or less…
Nasdaq Rises as Tesla Rallies on Record EV Deliveries
The Nasdaq opened higher on Monday, setting the tech-heavy index on course to extend its rally into the second half of the year, as Tesla jumped on reporting record second-quarter vehicle deliveries. The Dow Jones Industrial Average fell 37.82 points, or 0.11 percent, at the open to 34,369.78. The S&P 500 opened higher by 0.10…
2023: A Year of Surprises
July 3, 2023
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Commentary Bank failures, an artificial intelligence-led bull market, persistent inflation, eurozone recession, France engulfed in riots, and perhaps the biggest U.S. presidential corruption scandal ever. Looking back on the first half of 2023, it is hard to believe the extraordinary events and outright surprises of recent months. Some of the possibilities I forecast in January…
Yen Weak, Dollar Edges Up as Traders Weigh Fed Rate Hike Path
LONDON/SINGAPORE—The yen fell on Monday to near eight-month lows against the dollar with investors saying intervention was in sight, while ahead of the 4 July holiday, the dollar edged up after U.S. economic data last week showed slightly easing inflation and consumer spending. The yen weakened 0.35 percent to 144.82, after on Friday touching its…
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