LONDON/TOKYO—The dollar touched its highest in over a week against the yen on Wednesday, boosted by a jump in Treasury yields and by anticipation among investors of a rebound in Chinese growth as COVID-19 curbs loosen. The yen also came under pressure after the Bank of Japan signaled that a surprise policy shift last week…
Dollar Touches 1-week High Versus Yen Thanks to Rise in Bond Yields
Oil Prices Fall on Worries About China COVID-19 Surge, Global Recession
December 28, 2022
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LONDON—Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery and fuel demand growth as it unwinds its pandemic restrictions. Brent futures for February delivery fell 78 cents, or 0.9 percent, to $83.55 a barrel, by 0900 GMT. U.S. crude fell 75…
Global Shares Muted as Investors Fret Over China Reopening
December 28, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE, LONDON—Global equities traded sideways on Wednesday after China took further steps towards reopening its COVID-battered economy, with hopes for an economic rebound tempered by near-term worries over rising cases. MSCI’s broadest index of global stocks was flat as investors stayed on the sidelines at the end of a brutal year for equities. The global…
Stocks Close Lower on Wall Street, Adding to Recent Losses
Stocks closed lower Tuesday, adding to the market’s recent losses as Wall Street counts down its final days of a painful year for investors. The S&P 500 fell 0.4 percent, while the Nasdaq composite finished 1.4 percent lower. Both indexes were coming off their third straight weekly loss. The Dow Jones Industrial Average eked out…
Tesla Shares Extend Losses on Demand Worries in China
Tesla Inc. shares fell 11.4 percent on Tuesday after a Reuters report that Tesla was planning to run a reduced production schedule in January at its Shanghai plant sparked worries of a drop in demand in the world’s biggest car market. The stock, which fell to its lowest in more than two years and had…
Dow Opens Higher on Easing China COVID-19 Curbs; Tesla Weighs on Nasdaq
The Dow Jones opened higher on Tuesday after China further relaxed its COVID-19 curbs by scrapping the quarantine rule for inbound travelers, while a drop in Tesla shares weighed on the Nasdaq. The Dow Jones Industrial Average rose 20.30 points, or 0.06 percent, at the open to 33,224.23. The S&P 500 opened lower by 1.48…
Dollar Slips as Investors Take Heart From Looser China COVID-19 Rules
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…
Oil Hits 3-week High as China Eases COVID-19 Curbs
December 27, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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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
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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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…
Pain, Few Gains for Investors as Markets Slumped in 2022
By Alex Veiga Investors found few, if any, safe havens in 2022, as central banks in the United States and around the globe raised interest rates for the first time in years to fight surging inflation, stoking fear of a global recession. Consumers paid more for energy, food and just about everything else. Borrowing to…
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