Category: global

Gobal Shares Mixed Amid Speculation About Fed Rate Hike

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…


Euro Back Below Parity Versus Dollar Again, Gas Crisis Weighs

LONDON—The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis. China’s yuan dropped to its lowest in nearly two years after the central bank cut key…


Oil Slumps on Fears Over Economic Slowdown, Stronger Dollar

LONDON—Oil prices slumped on Monday as investors were concerned that aggressive U.S. interest rate hikes might weaken the global economy and fuel demand while a stronger dollar also weighed. Brent crude futures for October settlement fell $1.60, or 1.6 percent, to $95.12 a barrel by 0900 GMT. U.S. West Texas Intermediate (WTI) crude futures for…


Shares Slide, Dollar Dominates as Rate Hike Fears Mount

SYDNEY/LONDON—Shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. U.S. Federal Reserve Chair Jerome Powell headlines a host of policy makers at Jackson Hole later in the…


Euro, Sterling Slip to Month Low on Renewed Growth Fears

LONDON—The euro and sterling slipped to a one-month low versus the safe-haven U.S. dollar on Friday with investors worrying about further economic slowdown after Federal Reserve officials reiterated the need for higher rates. The dollar index rose 0.2 percent to 107.69, after earlier touching 107.74, its highest since July 18. The gauge is on track…


Oil Headed for Weekly Loss as Recession Fears Cloud Demand Outlook

LONDON—Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89.59 a barrel,…


Global Markets Lower After Wall Street Gains on Jobs Data

BEIJING—Global stock markets and Wall Street futures fell Friday after unexpectedly good U.S. jobs data left room for more interest rate hikes to cool inflation. London, Shanghai, Tokyo, and Frankfurt declined. Oil prices edged lower but stayed above $90 per barrel. Fewer Americans than expected filed unemployment claims last week, the Labor Department reported Thursday….


Dollar Holds Its Gains as Fed Set for Lengthy Inflation Fight

HONG KONG—The dollar touched a three-week high on Thursday after minutes from the Federal Reserve’s July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. The stronger greenback caused the pound briefly to dip below $1.2 in early European trading, its lowest in three weeks, the euro to drop to…


Oil Rises on US Crude Stocks Data, Tight Supply Outlook

Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply later in the year offset concerns that a possible recession in developed economies could undercut demand. Brent crude futures climbed $1.27, or 1.4 percent, to $94.92 a barrel by 1117 GMT. U.S. crude futures gained 93 cents, or…


Global Stocks Lower After Fed Says US Inflation Too High

BEIJING—Global stock markets and Wall Street futures mostly declined Thursday after the Federal Reserve said U.S. inflation is too high despite aggressive rate hikes, suggesting support for more increases. London, Shanghai, Tokyo, and Hong Kong declined. Frankfurt opened higher. Oil prices edged up. Notes released Wednesday from the Fed’s July 26–27 board meeting said inflation…