BEIJING—Shares were higher in Europe and Asia on Friday after Wall Street declined on worries that the U.S. economy is headed for recession. U.S. futures were little changed while oil prices advanced. Traders worry the Federal Reserve and central banks in Europe and Asia that have raised interest rates to cool economic activity and inflation…
World Markets Rise After Recession Fears Pull Wall Street Lower
January 20, 2023
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Dollar Slips After Weak Data While Yen Rebounds
SINGAPORE/LONDON—The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy. U.S. data released on Wednesday showed retail sales fell by the most in a year in December and…
Oil Slips on Bearish US Data, Crude Stocks Build
January 19, 2023
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LONDON—Oil futures fell by about 1 percent on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures lost 65 cents, or 0.8 percent, to $84.33…
Global Shares Lower After Biggest Wall Street Retreat of Year
January 19, 2023
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TOKYO—Global shares were mostly lower Thursday as investors grew cautious after Wall Street’s biggest pullback of the year. France’s CAC 40 lost 0.4 percent in early trading to 7,052.61, while Germany’s DAX edged down 0.5 percent to 15,106.21. Britain’s FTSE 100 fell nearly 0.6 percent to 7,787.49. The future for the Dow Jones Industrial Average…
Yen Lower as BOJ Sticks to Ultra-Easy Policy, Losses Trimmed
LONDON—The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, although it recovered some ground on expectations for tighter policy in the coming months. The central bank stunned the market in December by raising its cap on the 10-year yield to 0.5 percent from 0.25 percent, doubling the…
Oil Prices Gain Around 1 Percent on Optimism Over China’s Recovery
January 18, 2023
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LONDON—Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China’s strict COVID-19 curbs will lead to a fuel demand recovery in the world’s top oil importer. Brent crude futures were up $1.21, or 1.41 percent, to $87.13 a barrel by 0942 GMT, while U.S. West Texas Intermediate…
World Shares Mixed, Yen Falls After BOJ Keeps Policy Intact
January 18, 2023
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BANGKOK—World shares were mixed Wednesday, with Tokyo gaining more than 2 percent after Japan’s central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit to counter rising inflation. Germany’s DAX lost 0.1 percent to 15,170.03 and the CAC 40 in Paris was down less than 2 points,…
Sterling Rises on UK Job Data, Yen Near 7-month High as BOJ Decision Looms
LONDON/SINGAPORE—Sterling edged up on Tuesday after data showed the pace of pay growth in Britain, closely watched by the Bank of England as it gauges how much higher to raise interest rates, accelerated again. The yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of…
Oil Prices Mixed on Chinese Data and Demand Growth Hopes
January 17, 2023
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LONDON—Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year. Brent crude futures rose 69 cents, or 0.8 percent, to $85.15 a barrel by 0913 GMT. U.S. West Texas…
World Shares Slip as China Says Economy Slowed Further
January 17, 2023
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BANGKOK—World shares were mostly lower Tuesday after China reported its economy expanded at a 3 percent pace last year, less than half 2021′s rate. European shares declined and Asian shares were mixed as investors watched to see if Japan’s central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1…
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