BEIJING—Global stock markets and Wall Street futures were higher Tuesday ahead of updates on U.S. jobs amid fears of a possible global recession. Frankfurt, Shanghai, and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks might…
World Markets Mostly Gain Ahead of Fed Report, US Jobs Data
Dollar Creeps Up in Subdued Start to New Year
LONDON—The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies. The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end. Sentiment remained fragile and the first trading day of the year was subdued, with many countries, including big trading…
World Markets Mixed After S&P 500 Ends Worst Year Since 2008
BANGKOK—Shares began the year mixed, with European benchmarks opening higher on Monday after a lackluster session for the few Asian markets not closed for New Year holidays. U.S. markets are also closed. This week brings employment data and minutes from the latest meeting of the Federal Reserve, as 2023 begins with persisting uncertainties over the…
US Stock Market Suffers Worst Year Since 2008—Is More Pain Ahead in 2023?
Investors will be quick to turn the calendar year to 2023 after the U.S. stock market suffered its worst annual performance since 2008, driven by elevated inflation, global recession fears, and tightening monetary policy. The leading benchmark indexes suffered notable losses in 2022, led by the tech-heavy Nasdaq Composite Index’s 33.1 percent decline. The…
Investing: Most of the Bad News Is Baked In
By Anne Kates Smith From Kiplinger’s Personal Finance Lori Calvasina, head of U.S. equity strategy for RBC Capital Markets, offers insight into the investing forecast. Question: What’s your outlook for U.S. stocks? Answer: Over the next couple of quarters, things will continue to be choppy. The markets are in the middle of a bottoming process,…
Australian Stock Market Finishs 2022 Down 5.45 Percent
The local share market has ended a dismal year with a bit of a whimper. After being up as many as 53 points in early trading and again close to that by late afternoon, the benchmark S&P/ASX200 index fell steadily in the final 30 minutes of trading to close Friday up just 18.6 points, or…
S&P 500 Closes out Dismal Year With Worst Loss Since 2008
Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4 percent for 2022, or 18.1 percent, including dividends. It’s just its third annual decline since the financial crisis 14…
Wall Street Opens Lower on Last Trading Day of Torrid Year
Wall Street’s main indexes opened lower on the final trading day of a roller-coaster year marked by aggressive interest-rate hikes to curb inflation, the Russia-Ukraine war, and recession fears. The Dow Jones Industrial Average fell 99.19 points, or 0.30 percent, at the open to 33,121.61. The S&P 500 opened lower by 20.22 points, or 0.53…
US Dollar Index Set for Biggest Annual Gain Since 2015
LONDON/SINGAPORE—The dollar was on track for its biggest annual gain since 2015 on Friday, in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. European stock indexes were in the red in early trading on Friday. Asian equities had risen earlier in…
Oil Set to End Turbulent 2022 With Second Annual Gain
LONDON—Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world’s top crude importer, China. Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia’s…
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