LONDON—World stocks paused for breath on Friday but are set for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Federal Reserve’s policy tightening and Russia’s war in Ukraine. U.S. stock futures were marginally higher in the last full…
World Stocks Poised for Consecutive Weekly Gains for First Time in 2022
Wall Street Opens Flat After Tech-Driven Rally
Wall Street’s main indexes opened flat on Friday after a technology stocks-driven rally in the previous sessions, as investors weighed concerns about the Russia-Ukraine conflict and the possibility of bigger interest rate hikes. The Dow Jones Industrial Average fell 5.55 points, or 0.02 percent, at the open to 34,702.39. The S&P 500 opened higher by…
Shares, Oil Volatile Ahead of NATO Russia-Ukraine Summit
LONDON—World share markets were choppy on Thursday as the Russia-Ukraine war kept oil above $120 a barrel, while worries about “stagflation” rose on renewed talk of aggressive U.S. interest rates hikes and slowing growth. Europe’s main stock indexes barely budged and government bond yields edged up toward multi-year highs hit earlier in the week as…
Wall Street Opens Higher on Tech Boost, Investors Watch NATO Summit
Technology stocks lifted U.S. stock indexes higher at the open on Thursday after a sharp fall in the previous session, with investors closely tracking a meeting of Western leaders as the Ukraine crisis enters its second month. The Dow Jones Industrial Average rose 48.31 points, or 0.14 percent, at the open to 34,406.81. The S&P…
Oil Prices Steady as Western Leaders Meet Over Ukraine Crisis
LONDON -Oil prices were steady on Thursday as the U.S. president met other Western leaders and investors in Brussels for emergency talks about the Ukraine crisis. Benchmark Brent was up 0.3 percent at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session. U.S West Texas Intermediate (WTI) was little…
Russia Stocks Jump as Trade Resumes After Month-Long Break
Russia’s stocks jumped on Thursday, the first day of trading in almost a month in the wake of its troops entering Ukraine, with gains in commodity stocks offset by a drop in a flagship bank and airline, in volatile trading backed by the promise of support from sovereign wealth fund money. The government said on…
Dollar Climbs, Euro Weakens, as Biden Brings Sanctions Plan to Europe
March 23, 2022
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NEW YORK—The dollar climbed on Wednesday while the euro weakened as oil prices saw another jump with U.S. President Joe Biden poised to announce, alongside other European leaders, new sanctions against Russia during his trip to Europe. Biden is due to arrive in Brussels later on Wednesday on his first foreign trip since the war…
Beware of the CCP’s Strategic Deception
Commentary As the Russian invasion of Ukraine risks escalating into a nuclear war, the Chinese Communist Party (CCP) refuses to make a clear-cut commitment to distance itself from the aggressor. This is clear following the video call between President Joe Biden and his counterpart Xi Jinping on March 18. However, in the lead-up to the…
Possibility of 50 Basis Point Fed Hike Pushes Yen and Euro Down
March 22, 2022
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LONDON—The dollar rose on Tuesday as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the psychological 120 level as the Bank of Japan reiterated its support for ultra-loose monetary policy. The euro was also under pressure, sliding to an almost one-week…
Oil Rises Towards $116 as EU Weighs Russian Ban
March 22, 2022
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LONDON -Oil rose towards $116 a barrel on Tuesday, adding to a 7 percent surge the previous day, supported by supply risks from a potential European Union oil embargo on Russia and concern about attacks on Saudi oil facilities. European Union foreign ministers are split on whether to join the United States in banning Russian…
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