LONDON—European shares dipped and U.S. stock futures were mixed on Wednesday as a note of caution crept into world stock markets as the U.S. Federal Reserve looked set to deliver its fourth, 75 basis points interest rate increase. Another aggressive rate hike to contain hot inflation when the Fed concludes its two-day meeting later is…
Caution Creeps Into World Stocks as Fed Gets Ready to Hike Big Again
November 2, 2022
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Dollar Drops as Optimism Spreads Before Fed and BoE Decisions
TOKYO/LONDON—The U.S. dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of key Federal Reserve and Bank of England (BoE) meetings this week. The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth…
Oil up More Than 1 Percent as Weaker Dollar Offsets China COVID-19 Concerns
November 1, 2022
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LONDON—Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose $1.38, or 1.49 percent, to $94.19 per barrel at 0951 GMT. The December…
World Shares Advance, Shrugging Off Wall Street Retreat
November 1, 2022
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BANGKOK—Hong Kong jumped more than 5 percent and other world markets also advanced after a survey of Chinese manufacturing showed activity has improved. U.S. futures and oil prices rose, while the euro gained but stayed below $1. The monthly manufacturing gauge from Caixin, a Chinese business news magazine, helped to counter renewed concerns about coronavirus…
World Markets Mixed Ahead of Fed Rates Decision
October 31, 2022
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BEIJING—World stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again amid investor hopes the U.S. central bank will scale back plans for more increases. Germany’s DAX gained 0.2 percent to 13,269.55 and Britain’s FTSE 100 was flat at 7,049.25. In…
Dollar Climbs Ahead of Busy Week for Central Banks
SINGAPORE/LONDON—The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve. The euro slid 0.5 percent to $0.9919, sterling lost 0.56 percent to $1.1549, and the dollar…
Oil Falls on China COVID-19 Curbs and Weak Factory Data
October 31, 2022
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LONDON—Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped $1.17, or 1.2 percent, to $94.60 a barrel by 0900 GMT, extending Friday’s 1.2 percent decline. U.S. West Texas Intermediate…
Euro Slips Below Parity, Yen Steady Ahead of BOJ
SINGAPORE—The euro held below parity on Friday as investors eyed a potential slowdown in future rate hikes by the European Central Bank, while the yen was on track for its best week in over two months ahead of a key central bank policy decision. The euro was last 0.05 percent lower at $0.9960, following a…
Oil Falls as China Widens COVID-19 Curbs
October 28, 2022
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LONDON—Oil prices fell on Friday after top crude importer China widened its COVID-19 curbs, though benchmarks were poised for a weekly gain on supply concerns and surprisingly positive economic data. Brent crude futures dropped 50 cents, or 0.5 percent, to $96.46 a barrel by 1047 GMT, having climbed by 1.3 percent in the previous session….
World Shares Lower, Led by 3.7 Percent Drop in Hong Kong
October 28, 2022
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Shares skidded Friday in Europe and Asia, with heavy selling of technology shares pulling Hong Kong’s benchmark 3.7 percent lower. Germany’s DAX dropped 0.9 percent to 13,090.91 and the CAC40 in Paris lost 0.6 percent to 6,205.73. Britain’s FTSE 100 shed 0.6 percent to 7,029.81. The future for the S&P 500 was down 0.8 percent…
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