LONDON—The U.S. dollar held its ground on Wednesday as traders waited for this week’s U.S. consumer price data to see whether it will confirm that inflation is in retreat. The euro flattened against the dollar after a European Central Bank policymaker said the cycle of interest rate increases was approaching its end, while ECB staff…
Oil Prices Broadly Steady Amid Rising US Stockpiles
January 11, 2023
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LONDON—Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in U.S. crude and fuel inventories, global economic uncertainty, and China reopening its economy. Moving in and out of negative territory, Brent crude futures were up 53 cents, or 0.7 percent, at $80.63 a barrel by…
Global Stocks Mostly Rise as US Inflation Report Looms
January 11, 2023
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TOKYO—Global shares were mostly higher Wednesday, boosted by a rally on Wall Street ahead of some potentially market-moving reports due later in the week. France’s CAC 40 rose nearly 0.2 percent in early trading to 6,879.36, while German’s DAX added 0.3 percent to 14,813.45. Britain’s FTSE 100 gained 0.2 percent to 7,710.23. The future for…
Stocks Rise, Bond Yields Rise With December’s Upcoming Price Data in Focus
NEW YORK, LONDON—Wall Street’s major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week. The U.S. dollar was little changed versus the euro and other major currencies, hovering close to its weakest level in…
S&P 500, Nasdaq Open Lower After Powell’s Comments
The S&P 500 and the Nasdaq opened lower on Tuesday as concerns about interest rate hikes persisted after Federal Reserve Chair Jerome Powell’s comments did not provide further clarity on the monetary policy outlook. The S&P 500 opened lower by 3.52 points, or 0.09 percent, at 3,888.57, while the Nasdaq Composite dropped 27.93 points, or…
Dollar Stabilizes Near 7-Month Lows
SINGAPORE/LONDON—The dollar steadied near its softest in seven months against the euro on Tuesday after more hawkish comments overnight from two U.S. Federal officials helped it to stem its recent losses ahead of remarks by Fed chair Jerome Powell due later in the day. The euro was at $1.0736, little changed on the day, trading…
Oil Steady as Market Awaits Clarity on Fed Rate Hike
January 10, 2023
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LONDON—Oil prices were stable on Tuesday as the market awaited the Federal Reserve’s plans for rate hikes to gauge the impact on the economy and fuel demand. Brent futures for March were up 15 cents, or 0.19 percent, to $79.80 a barrel by 1036 GMT. U.S. West Texas Intermediate crude rose 32 cents, or 0.43…
Global Shares Ease After Fed Officials Dent Optimism
January 10, 2023
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LONDON—Global shares eased on Tuesday as investors took profit on the gains from the past two weeks after comments from two Federal Reserve officials injected a note of caution over the U.S. rate outlook, knocking equities, commodities, and other risk assets. The MSCI All-World index eased 0.1 percent, but remained in sight of Monday’s three-week…
Bed, Bath & Beyond Rebounds in Meme-Stock Rally
NEW YORK—Shares of Bed, Bath & Beyond Inc. rebounded sharply in high volume trading on Monday amid speculation by retail investors that the struggling home goods seller might be a potential acquisition target. Shares of the company were last up 35 percent at $1.77, on track for their biggest one-day percentage surge since Aug. 8….
Stocks End up Mixed on Wall Street After Early Gains Fade
NEW YORK—U.S. stocks were mixed Monday at the start of a week with a few events that could shake markets, including updates on inflation and the health of corporate profits. The S&P 500 dipped 0.1 percent after surrendering an early gain of 1.4 percent in its first trading after closing out its first winning week…
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