LONDON—World equity markets got off to a solid start on Monday and the euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week. U.S. stock futures were up more than 1 percent while European stock indices were a sea of green in a big week…
Dollar Set for 3rd Consecutive Week of Gains as Recession Risks Loom
LONDON—The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month, while the euro was pinned near parity. Currencies perceived as riskier, including the Aussie and the pound, were under pressure as a barrage of negative news…
Oil Rises on Prospects of Less Aggressive US Rate Hike
LONDON—Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains. Brent crude futures for September delivery rose 76 cents, or 0.77 percent, to $99.86 a barrel by 0929 GMT while WTI crude rose 28 cents, or 0.29 percent, to $96.06. The U.S….
Stocks Make Recovery Bid, Hemmed in by Weakening World Economy
LONDON—World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp slowdown in China. Markets enjoyed some relief from selling after two Fed policymakers on Thursday hosed down bets on an aggressive 100…
Dollar Climbs Further, Pinning Euro, Yen at Multi-Decade Lows
LONDON—The dollar resumed its relentless rise on Thursday, charting new 24-year highs against the yen and pinning the euro close to parity, as investors bet on the Federal Reserve ratcheting up interest rates to combat soaring inflation. Global economic turmoil has put a rocket under the safe haven dollar, pushing the dollar index that tracks…
Oil Prices Tumble More Than $2 Ahead of Potential Large US Rate Hike
LONDON—Oil prices fell more than $2 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand. Brent crude futures for September were down $2.14 to $97.43 a barrel at 1038 GMT after settling below $100 for…
Stocks Fall, Dollar Gains as US Inflation Prompts 100 bps Hike Bets
LONDON—European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S. inflation reading increased investor caution about Federal Reserve rate hikes. Wednesday’s data showed U.S. consumer prices jumped 9.1 percent year-on-year in June, up from May’s 8.6 percent rise. The data was seen as firming the case…
Dollar Slips, Euro Above Parity Before US Inflation Data
LONDON—The euro edged higher on Wednesday, hovering just above parity with the U.S. dollar on Wednesday while traders focused on U.S. data due later in the session that is expected to show inflation at a 40-year high. European stock markets were in the red and the dollar index was down 0.2 percent on the day…
Oil Edges Higher After Slide Below $100
LONDON—Oil edged up on Wednesday, a day after settling below $100 a barrel for the first time since April, and gains were limited by a U.S. supply report showing rising inventories and caution ahead of U.S. inflation data. Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes…
Stocks and Euro Slip Ahead of Key US Inflation Data
July 13, 2022
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LONDON— Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if U.S. inflation data later bolsters the case for another supersized Federal Reserve rate hike this month. Recession worries meant Europe stumbled out the blocks after a relatively steady session in Asia Pacific where South…
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