LONDON—European stock indexes opened slightly higher on Tuesday, while U.S. and European government bond yields rose to new multiyear highs as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. Fed Chair Jerome Powell said that the central bank could move “more aggressively” to raise rates to fight inflation,…
European Stocks Edge Higher, Yields Rise as Markets Adjust Rate Expectations
March 22, 2022
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Russia Finds Meta Guilty of ‘Extremist Activity’, Says WhatsApp Can Stay
March 21, 2022
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A Moscow court on Monday found Meta Platforms Inc. guilty of “extremist activity”, but said its decision would not affect the WhatsApp messenger service, focusing its ire on the company’s already banned Facebook and Instagram social networks. Moscow’s Tverskoi District Court upheld a lawsuit filed by Russian state prosecutors on banning the activities of Meta…
Dollar Little Changed With Powell on Deck
March 21, 2022
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NEW YORK—The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy. The greenback had been fluctuating between slight gains and losses, and weakened slightly after…
Wall Street Knocked Lower by Ukraine Tensions, Boeing Crash
March 21, 2022
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Wall Street’s main indexes fell in choppy trade on Monday, as rising tensions over the Russia-Ukraine conflict weighed on megacap stocks and Boeing shares fell after a 737-800 jet crashed in China. Russia’s foreign ministry said it had summoned U.S. Ambassador John Sullivan to tell him that remarks by President Joe Biden about his Russian…
Oil Prices Jump Again as EU Considers Russian Oil Ban
LONDON—Oil prices jumped more than $3 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $3.40, or 3.2 percent, at $111.33 a barrel by 0958 GMT,…
War, Inflation and Oil Cap Stocks Rebound as Yields Warn
March 18, 2022
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LONDON—Global stocks clung to their gains for the week on Friday but a heady cocktail of rising interest rates, high oil prices, and no end to war in Ukraine kept a lid on the rebound as yields sent a warning signal for the economy. The MSCI world stock index was flat at 695 points, up…
Russia-Linked Oil, Fuel Cargoes Rush to US Before Ban Starts
March 17, 2022
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HOUSTON—At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government’s deadline to wind down Russian energy purchases, data from traders and Refinitiv Eikon showed. The United States, the world’s biggest oil consumer, this month banned imports…
Euro Edges Up, Focus on Ukraine Talks
The euro rose on Thursday with investors closely watching for developments in talks between Russia and Ukraine, while the Federal Reserve’s monetary policy decision failed to affect the market as the bar for a hawkish surprise was high. The Kremlin said that Russia was putting colossal energy into talks on a possible peace deal with…
Stocks Steady After Fed Hike, BoE’s Turn Next
LONDON/TOKYO—Europe’s stock markets consolidated strong gains made in Asia on Thursday, after China signalled more support for its spluttering economy and the Federal Reserve had pressed ahead with the first U.S. interest rate rise in more than three years. Traders remained gripped by the devastating war in Ukraine, but with hopes of possible a peace…
IEA Says Market May Lose 3 Million bpd of Russian Oil Next Month
March 16, 2022
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LONDON—Oil markets could lose three million barrels per day (bpd) of Russian crude and refined products from April, the International Energy Agency (IEA) said on Wednesday, exceeding the one million bpd per day demand drop high prices are expected to cause. The Paris-based watchdog said sanctions and buyer reluctance to purchase Russian crude were pushing…
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