LONDON—The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars. China will stop requiring inbound travelers to go into quarantine on arrival starting Jan. 8, the National Health Commission…
Dollar Slips as Investors Take Heart From Looser China COVID-19 Rules
Oil Hits 3-week High as China Eases COVID-19 Curbs
December 27, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil hit a three-week high on Tuesday as China’s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to U.S. energy production caused by winter storms. China will stop requiring inbound travelers to go into quarantine, starting from Jan. 8, the National Health Commission said on…
Stocks and Commodities Jump as China Drops Quarantine Rule
December 27, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Stock markets gained on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, outperforming an index of global shares, which rose 0.2 percent. China’s bluechip gained 1 percent. The pan-European STOXX 600 index…
Asian Shares Higher in Thin Holiday Trading
December 26, 2022
admin
asianBusiness & Marketseconomic policieseconomyenergyGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
BANGKOK—Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities, and the U.S. closed. Tokyo’s Nikkei 225 index gained 0.7 percent to 26,405.87 and the Kospi in Seoul added 0.2 percent to 2,317.14. The Shanghai Composite index rose 0.7 percent to 3,065.56 and the SET in Bangkok added…
How Investors Should Approach a Volatile 2023
Commentary The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over. We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession. This column isn’t going to predict where the S&P 500 will end…
Elon Musk: 2023 Recession Will Be Comparable to Financial Crisis of 2008–09
Elon Musk, the billionaire CEO of Tesla Motors and Twitter, thinks the next recession will be comparable to the global financial crisis of 2008–09. While speaking during a Twitter Spaces discussion on Dec. 22, Musk acknowledged that the U.S. economy is currently in a recession and 2023 will result in a “serious” economic downturn. “It’s…
US Core Capital Goods Orders Rise Modestly in November
WASHINGTON—New orders for U.S.–made capital goods rose moderately in November while shipments fell, pointing to a slowdown in business spending on equipment this quarter as higher borrowing costs cool demand for goods. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.2 percent last month, the Commerce Department…
Stocks Open Lower on Wall Street Ahead of Christmas Holiday
NEW YORK—Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5 percent Friday. The government reported that a key measure of inflation is continuing to slow, though it’s still far higher than anyone wants to see. Also, growth in consumer spending weakened…
Lumber Prices Hit 2022 Low as Homebuilder Sentiment Collapses
December 23, 2022
admin
Business & Marketseconomic policieseconomyhome builder sentimentinflationlumber pricesmortgage ratereal estaterecessionUSUS Real Estate
0 Comment
Lumber prices hit an all-time low after homebuilder sentiment tumbled for the twelfth straight month in December. The building commodity peaked at $1,336 per thousand board feet in late February, but has settled to around $379, as of Dec. 22, to its lowest level since the pandemic in June 2020. The price of lumber is down…
Dollar Steady After Strong US Data, Yen Set for Weekly Gain
LONDON/SINGAPORE—The dollar fluctuated on Friday and was little changed in morning trading in London after two days of gains, as investors weighed up the outlook for interest rates following the release of stronger-than-expected U.S. economic data on Thursday. The euro was up slightly against the dollar, standing 0.1 percent higher at $1.061, after slipping less…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta