LONDON—The euro briefly rebounded back above parity with the dollar on Thursday as the U.S. currency’s recent rally ran out of steam and investors waited to see whether Federal Reserve Chair Jerome Powell would sound a more hawkish tone at a symposium this week. A more bullish mood across markets also helped the euro, as…
Euro Bounces Back to Parity as Investor Sentiment Improves
August 25, 2022
admin
Business & Marketseconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
Oil Prices Steady as OPEC+ Mulls Supply Cut
LONDON—Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to the market weighed. Brent crude eased 2 cents to $101.20 a barrel by 1033 GMT, while U.S. West Texas Intermediate crude was down 22 cents,…
Stocks, Euro Edge Higher as Markets Watch Jackson Hole
August 25, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Share markets pushed higher and Europe’s bond markets and euro stole a breather from energy-price driven sell-offs on Thursday, as investors waited to hear the latest reaction of the world’s top central bankers to soaring inflation. Asia had tailgated Wall Street higher overnight and Europe’s bourses did the same as oil and gas stocks made…
World at Rising Risk of Recession as Inflation Hits Consumers
August 24, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationInternationalMarketsrecessionWorld
0 Comment
LONDON—The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central banks are tightening policy aggressively just when support is needed. And supply chains yet to recover from the coronavirus pandemic have been further damaged by Ukraine’s war and China’s…
Euro Slips Towards Two-Decade Low as High Gas Prices Adds to Growth Fears
LONDON—The euro was within a whisker of a two-decade low on Wednesday amid growing recession fears fuelled by a possible energy supply crunch, while the U.S. dollar recouped some data-inspired losses after Tuesday’s softer-than-forecast data. Disappointing U.S. services and manufacturing surveys released on Tuesday and a plunge in new home sales saw the dollar take…
Brent Oil Climbs Above $100 a Barrel Amid Talk About OPEC Cuts
August 24, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic downturn. Brent for October settlement reached a three-week high, trading up $1.30, or 1.3 percent, at $101.52…
Global Shares Mixed After Modest Wall Street Fall
August 24, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares were mixed Wednesday as a wait-and-see mood set in following another— though more modest—day of sell-offs on Wall Street. Worries about inflation are weighing on investors’ minds, including in Asia. Inflation data for Singapore released earlier in the week showed inflation was still going strong, with core inflation headed higher to 4.8 percent…
Euro Slumps to Two-Decade Lows as Energy Crisis Bites
August 23, 2022
admin
Business & Marketseconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—The euro hit a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain. China’s yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020. Business activity data from Europe was…
Oil Climbs as Tight Supply Moves Back Into Focus
August 23, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in U.S. crude inventories. The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting…
Gobal Shares Mixed Amid Speculation About Fed Rate Hike
August 23, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares were mixed Tuesday amid speculation about another interest rate raise by the U.S. Federal Reserve. Benchmarks in Asia finished lower in Japan, Australia, South Korea, and China, but European indexes were mixed, rising in France and Germany while falling in Britain. Oil prices rose. France’s CAC 40 added 0.2 percent in early trading…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`