LONDON—The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors. The euro was set for weekly gains with the GfK institute survey bringing some relief, showing on Friday…
Oil Prices Rise, but Chinese Demand Worries Linger
November 25, 2022
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LONDON—Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures were up $1.29, or 1.5 percent, to trade at $86.63 a barrel at 1024 GMT. U.S. West Texas Intermediate (WTI) crude futures were up…
Global Shares Mixed as Investors Eye China Virus Crisis
November 25, 2022
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TOKYO—Global shares were mixed Friday as worries deepened about the regional economy and Japan reported higher-than-expected inflation. France’s CAC 40 was little changed, inching down less than 0.1 percent to 6,704.00. Germany’s DAX slipped 0.1 percent to 14,524.48. Britain’s FTSE 100 gained 0.1 percent to 7,473.46. The future for the S&P 500 gained 0.2 percent…
Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes
LONDON—The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting. The eagerly awaited readout of the Nov. 1–2 meeting showed officials were largely satisfied they could now move in…
Oil Drops as Price Cap Proposal Eases Supply Concerns
November 24, 2022
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LONDON—Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger than expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices. Brent…
Dollar Nears 3-month Low, Shares Climb After Fed Tests the Brakes
November 24, 2022
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LONDON—World shares touched a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve meeting minutes pointed to a slower pace of U.S. interest rate rises from next month. With Wall Street shut for Thanksgiving, it was up to Europe to continue the rebound in market confidence that has been…
Dollar on Edge Ahead of Fed Minutes, Kiwi Gains
LONDON—The U.S. dollar held firm on Wednesday ahead of the release of closely-watched minutes from the Federal Reserve’s latest policy meeting, while the New Zealand dollar strengthened on the back of a record rate rise to curb rampant inflation. The U.S. dollar index, which measures the currency against a basket of six counterparts, was broadly…
Oil Prices Fall Over $1 a Barrel on Russian Oil Price Cap Talks
November 23, 2022
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LONDON—Oil prices fell by more than $1 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading. Brent crude futures fell $2, or 2.26 percent, to $86.36 a barrel at 1153 GMT, while U.S. West Texas Intermediate (WTI)…
World Shares Mostly Higher Ahead of Release of Fed Minutes
November 23, 2022
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BANGKOK—World shares have advanced ahead of Wednesday’s release of minutes from the Federal Reserve’s last policy meeting. Benchmarks rose in London, Paris, Hong Kong, and Shanghai. Markets were closed in Japan for a holiday. The Federal Reserve minutes could give investors more insight into the U.S. central bank’s decision-making process. Wall Street has been hoping…
Dollar Cedes Some Ground, Bitcoin Hunkers Down
SINGAPORE/LONDON—The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s COVID-19 flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3 percent at $1.0265 after an 0.8 percent loss on Monday, sterling rose 0.46…
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