HONG KONG—Asian stock markets and the U.S. dollar struggled for traction on Friday after a rush of central bank meetings underlined the growing threat posed by a spike in global inflation, while fears about the Omicron variant of COVID-19 added to a cautious mood. The dollar index was trading at 95.999, off nearly 1 percent…
Dollar Pressured, Asia Shares Slip as Global Inflation, Omicron Fears Sap Confidence
Futures Rise as Fed Wages War on Inflation
U.S. stock index futures climbed on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming some nerves around surging price pressures. The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022. Fed Chair…
World Shares Advance After Fed Steps Up Stimulus Pullback
Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…
World Shares Mixed Ahead of Fed Policy Statement
BANGKOK—World shares were mixed Wednesday as traders awaited the outcome of the last Federal Reserve meeting of this year. Benchmarks rose in Paris, Tokyo, and Frankfurt but fell in Hong Kong and Shanghai after the U.S. Labor Department reported wholesale prices jumped a record 9.6 percent in November from a year earlier. Fed policymakers end…
Asian Shares Shed Gains Ahead of Fed Policy Statement
BANGKOK—Stocks were mostly lower in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. Tokyo’s Nikkei 225 index edged 0.1 percent higher to 28,459.72 and the Kospi in Seoul was nearly…
World Shares Mixed as Markets Await Word From Fed Meeting
BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…
Wall Street Falls on Omicron Worries Ahead of Fed Meeting
U.S. stocks fell on Monday on worries about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week, while investors watched Apple close in on $3 trillion in market capitalization. Seven of the 11 major S&P 500 sector indexes fell, with only defensive stocks including consumer staples, utilities, and real estate gaining….
Inflation Is Here to Stay
Commentary Washington has at last admitted what every American has known for months: the country suffers a painful inflation. For the longest time, those in authority have dismissed people’s concerns, insisting that the inflation is “transitory.” But Washington has had to change its tune. No one admits error—who in Washington ever does?—but officials now acknowledge…
Fed’s Mester Says Omicron Threatens to Stoke US Inflation: FT
The Omicron coronavirus variant threatens to fuel soaring inflation in the United States by further pressuring supply chains and worsening worker shortages, Cleveland Federal Reserve Bank President Loretta Mester told the Financial Times. “If it turns out to be a bad variant it could exacerbate the upward price pressures we’ve seen from the supply-chain problems,”…
Stocks Roar Higher as Traders Park COVID-19 and Fed Jitters
LONDON—Stock markets roared higher on Wednesday, reversing much of the previous session’s losses, as investors used the dip in prices to bet the latest COVID-19 variant would not derail the economic recovery. The EUROSTOXX rose 1.1 percent in early trading while Britain’s FTSE 100 rallied 1.3 percent and Germany’s DAX 0.75 percent. Wall Street futures…
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