LONDON—The dollar eased on Monday from an almost 16-month high versus major peers, as traders awaited fresh clues on Federal Reserve interest rate hike plans on the back of red-hot inflation. The dollar had been buoyant since Wednesday, when data showed U.S. consumer prices rose last month at the fastest annual pace since 1990, casting…
Dollar Eases From 16-Month High as Traders Seek Clues on Fed Rate Plans
Asian Shares Higher as Japan Says Economy Shrank in Third Quarter
Shares advanced in Asia on Monday as plans for stimulus in Japan overshadowed news that its economy contracted in the last quarter. Investors are awaiting the outcome of a virtual meeting between President Joe Biden and Chinese President Xi Jinping. Benchmarks rose in Tokyo, Sydney, Hong Kong, and Seoul but fell in Shanghai. Japan reported…
Dollar Climbs for a 3rd Day as Short-End US Yields Rise
LONDON—The dollar tiptoed higher for a 3rd consecutive day on Friday since a surprisingly strong U.S. inflation print shocked markets and prompted investors to advance their bets on a U.S rate hike to as early as mid-2022. With short-dated U.S. Treasury yields edging higher—five-year bond yields rose to a February 2020 high—investors ramped up bets…
European Shares Hit New Highs, Firm Dollar Dents Oil
LONDON—European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, though investors kept a wary eye on rising yields as the dollar hit a 16-month high. The STOXX index of 600 companies was up 0.09 percent, enough to eke out a new record high…
World Shares Advance After Modest Gains on Wall Street
Shares advanced in Europe and Asia on Friday after Wall Street benchmarks managed to close mostly higher. The latest round of mostly solid corporate earnings is winding down after helping markets rise for weeks, reaching a series of records. However, inflation concerns are rattling investors. Germany’s DAX gained 0.1 percent to 16,108.70, while the CAC…
OPEC Says Inflation Is Weakening Demand for Oil
OPEC has cut its world oil demand forecast through the end of 2021, with the cartel blaming inflation for dampening the global economic recovery and sapping demand for crude. “A slowdown in the pace of recovery in the fourth quarter of 2021 is now assumed due to elevated energy prices,” OPEC wrote in its closely-watched…
Dollar Climbs as US Inflation Rises Beyond Expectations
LONDON/NEW YORK—The dollar rose against major peers on Wednesday, snapping three days of weakness, after U.S. consumer prices surged at their highest rate since 1990 and fuelled fears inflation could prove stickier than Federal Reserve expectations. The consumer price index rose 0.9 percent last month after gaining 0.4 percent in September and in the 12…
Stocks Slide, Dollar Gains as US CPI Sparks Tightening Fears
NEW YORK/LONDON—A gauge of global stock markets edged lower and the dollar built on earlier gains on Wednesday after U.S. consumer inflation surged to its highest since 1990, raising concern the Federal Reserve will tighten monetary policy sooner than expected. Real yields on U.S. Treasuries slid to record lows and gold prices reversed course to…
Stocks Stalled as Oil Fuels Inflation Nerves
SYDNEY—Asian stockmarkets were tugged lower by fresh concern about the solvency of China’s property developers on Wednesday, while a surging oil price added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift rates. Brent and U.S. crude futures extended gains into a fourth session, hitting two-week highs around $85…
Oil Gains After US Infrastructure Bill Passes, Chinese Exports Rise
LONDON—Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent crude was up by 91 cents, or 1.1 percent, at $83.65 a barrel at 1028 GMT, after dropping nearly 2 percent last…
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`