LONDON—Better-than-expected earnings from a raft of U.S. and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an energy crunch due to Russian gas supply cuts. Ten-year U.S. Treasury bond yields—the reference rate for global cost of capital—held near three-month lows touched on…
Buoyant Company Earnings Lift Recession-Focused Markets
July 27, 2022
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Gas Crunch Fears Hammer Euro, Lift Dollar and Swiss Franc
LONDON—The prospect of another Russian gas supply cut knocked the euro lower on Tuesday, while dollar gains were tempered by mounting uncertainty over the U.S. Federal Reserve’s policy-tightening path after this week’s expected interest rate rise. European Union countries were preparing to approve an emergency proposal to curb gas demand, the prospect of which sent…
Oil Rises for a Second Day on Supply Tightness Concerns
LONDON—Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a major pipeline. Brent crude futures rose $1.14, or 1.1 percent, to $106.29 a barrel by 1029 GMT, extending a 1.9 percent gain the previous day….
Global Stocks Mixed Ahead of Expected US Rate Hike
BEIJING—Global stock markets were mixed Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. London and Shanghai advanced while Tokyo and Frankfurt declined. Oil rose nearly $2 per barrel. Wall Street futures were lower after the benchmark S&P 500 index gained 0.1 percent on Monday. This week’s…
Dollar Slips, Riskier Currencies Gain as Market Rebounds
LONDON—The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week. Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious Asian session in which investors were…
Oil Steady as Market Juggles Fed Hike With Supply Fears
LONDON—Oil prices were relatively steady on Monday as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement rose 27 cents, or 0.26 percent, to $103.47 a barrel by 0909 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 8 cents,…
Stocks Weaken as Growth Slowdown Fears Cloud Start of Week
LONDON—Stocks headed lower on Monday with investors in a cautious mood ahead of the Federal Reserve’s two-day policy meeting and what could be the latest central bank signal of an even faster pace of tightening just as signs of a global slowdown mount. Overall, the start of the week across markets began quietly, with the…
Euro Tumbles as Gloomy PMIs Dampens Outlook for Future ECB Hikes
LONDON—The euro continued its retreat from a more-than-two-week high as disappointing activity data from France and Germany pushed the single currency lower, a day after the European Central Bank highlighted the path for interest rates would be data dependent. German business activity unexpectedly shrank in July while French manufacturing activity contracted and growth in services…
Oil Prices Fall as Libya Resumes Output, Global Demand Outlook Darkens
LONDON—Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output. Brent crude futures fell $1.02 to $102.84 a barrel by 1023 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down $1.08 cents to $95.27 a barrel. The global economy looks increasingly likely to…
World Stocks Eye 6th Day of Gains but Euro Hit as Activity Sours
July 22, 2022
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LONDON—Global stocks edged up on Friday, eyeing a sixth day of gains, while weak eurozone business activity data hit the euro and weighed on the bloc’s debt. The MSCI World index, its broadest gauge of equity markets, was last up 0.1 percent in early European trade, with the Euro STOXX 50 index up 0.2 percent….
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