LONDON—Oil slipped on Wednesday, adding to a decline in the previous session, as global recession worries edged out optimism for a demand recovery in China. Crude has rallied in 2023, with global benchmark Brent crude topping $89 a barrel this week for the first time since early December, on the ending of China’s COVID-19 controls…
Oil Slips as Recession Fears Offset Market Optimism for China’s Demand Recovery
January 25, 2023
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Global Shares Mixed, China Markets Closed for Holidays
January 25, 2023
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TOKYO—Global shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies. The U.S. government will release economic growth data for the fourth quarter on Thursday. Economists expect the economy expanded at an annual pace of less than 1 percent, down from 1.9 percent in the…
Dollar Stuck Near 9-month Low Versus Euro as Yen Bounces
LONDON—The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession against the outlook for Federal Reserve monetary policy. Eurozone data on Tuesday reinforced the view that the economy is surviving a winter of intense price pressures reasonably…
Oil Steady as China Reopening Is Balanced by Economic Concerns
January 24, 2023
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LONDON—Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China. Brent crude was down 30 cents, or 0.3 percent, at $87.89 a barrel by 1010 GMT. U.S. West Texas Intermediate (WTI)…
World Shares Mixed After Tech Gains Power Wall Street Rally
January 24, 2023
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BANGKOK—World stocks were mixed Tuesday after a Wall Street rally driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation. Germany’s DAX edged 0.1 percent lower to 15,086.68 while the CAC 40 in Paris gained 0.2 percent to 7,024.63….
Euro Scales 9-month Peak as ECB Hawks Let Fly
LONDON—The euro hit a nine-month peak against the dollar on Monday as comments on European interest rates signaling additional jumbo rate rises contrasted with market pricing for a less aggressive Federal Reserve. The euro reached as high as $1.0927, breaking the recent peak of $1.08875, to trade at its highest level since April last year….
World Shares Up, Many Asia Markets Closed for Lunar New Year
January 23, 2023
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BANGKOK—Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday. Germany’s DAX edged 0.1 percent higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1 percent to 7,002.30. Britain’s FTSE 100 added 0.2 percent to 7,786.30. The future for the S&P 500 lost…
In the Name of Confucius | Documentary
January 20, 2023
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“In the Name of Confucius” is the first documentary film exposing the growing global controversies surrounding the Chinese regime’s multi-billion dollar Confucius Institute (CI), a Chinese language program attaching to over 1,600 foreign universities and schools around the world. Featuring the exclusive personal story of a former CI teacher, Sonia Zhao, whose defection and complaint…
Dollar Edges Higher as Economic Storm Clouds Gather
LONDON—The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that an economic slowdown could be unavoidable, while a bout of profit-taking forced the yen to retreat. The dollar edged up 0.2 percent against a basket of other major currencies to 102.17, holding narrowly above Wednesday’s seven-month lows….
Oil Heads for 2nd Week of Gains on China Demand Outlook
January 20, 2023
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LONDON—Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world’s second-biggest economy. The lifting of COVID-19 restrictions in China is set to increase global demand to a record high this year, the…
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