LONDON/SINGAPORE—The dollar rallied on Thursday, after earlier falling to a one-month low in choppy trading ahead of an expected rate hike from the European Central Bank (ECB). The greenback has slid in recent days as investors have cheered signs that the U.S. Federal Reserve is considering slowing down its aggressive rate hikes in December. Yet…
Oil Rises on Strong Crude Demand, Despite China Fears
October 27, 2022
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LONDON—Oil rose on Thursday, extending a rally of nearly 3 percent in the previous session, as optimism over record U.S. crude exports and signs that recession fears are abating outweighed concern over slack demand in China. Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The…
Global Stocks Mixed Ahead of US GDP, Europe Rates Decision
October 27, 2022
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BEIJING—Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation. London and Hong Kong advanced, while Frankfurt, Tokyo, and Shanghai declined. Wall Street futures rebounded. Forecasters expect U.S….
Dollar Slides on Expectations of Less Hawkish Fed, Euro at 1-month High
LONDON—The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow its interest rate hikes, sending the greenback tumbling. The European common currency rose as high as$1.0048, the highest since Sept. 20, and was last…
Oil Prices Stable as Rising US Crude Stocks Balance Supply Concerns
October 26, 2022
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LONDON—Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected last week, though supply concerns and a weaker dollar gave support. Brent crude futures for December were up 12 cents, or 0.1 percent, at $93.64 a barrel by 1045 GMT….
Global Stocks Higher on Hopes US Rate Hike Plans Will Ease
October 26, 2022
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BEIJING—Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis. Other European markets gained. Shanghai, Tokyo, and Sydney closed higher. The euro edged above $1. The future for Wall…
WhatsApp Back Online After Global Outage Hits Users
BENGALURU/STOCKHOLM—Messaging app WhatsApp was starting to come back online at 0900 GMT and the company said the issue has been fixed after users across the world reported problems earlier on Tuesday. At around 0750 GMT, outage reporting site Downdetector had shown over 68,000 users had reported problems with the app in the United Kingdom. Problems…
Sterling Rises as Sunak Prepares to Become PM, Euro Awaits ECB Hike
LONDON—Sterling rose on Tuesday supported by improved risk sentiment as Rishi Sunak prepared to become Britain’s prime minister, while the euro steadied ahead of an expected rate hike by the European Central Bank (ECB) on Thursday. The U.S. dollar edged up but was not far from its lowest level in October amid signs Federal Reserve…
Oil Falls by More Than $1 Per Barrel as Demand Fears Linger
October 25, 2022
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LONDON—Oil prices fell by more than $1 per barrel on Tuesday as bearish economic data from key global economies heightened demand fears. International benchmark Brent crude futures fell by $1.30 to $91.96 per barrel by 1117 GMT, after easing 0.3 percent in the previous session. U.S. West Texas Intermediate crude futures for December delivery fell…
World Shares Mostly Slip as Investors Eye Corporate Earnings
October 25, 2022
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BANGKOK—Shares were mostly lower in Europe and Asia on Tuesday as investors geared up for a slew of corporate earnings reports. U.S. futures edged 0.1 percent higher but oil prices fell back. In London, the FTSE 100 fell 0.6 percent to 6,972.74 as Britain’s third prime minister this year, Rishi Sunak, prepared to take office…
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