LONDON—The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan stunned markets by deciding to review its yield curve control policy and widen the trading band for the 10-year government bond yield. While it kept broad policy settings unchanged—pinning short-term JGB yields at -0.1 percent and the 10-year…
Oil Prices Rise but China’s COVID-19 Surge Limits Gains
December 20, 2022
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LONDON—Oil prices rose on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. Brent crude futures were up 50 cents, or 0.65 percent, at $80.30 a barrel by 1035 GMT, adding to…
Stocks, Bonds Fall as BOJ’s Surprise Policy Shift Spooks Investors
December 20, 2022
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LONDON—Global stocks and bonds fell on Tuesday as a surprise policy tweak by Japan’s central bank rattled investors already worried about the economic fallout of rising interest rates and lifted domestic bond yields to seven-year highs. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points on either side…
Wall Street Loses More Ground, Extending a Losing Streak
Wall Street started off the week with more losses for stocks Monday, as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 fell 0.9 percent, with most of the sectors in the benchmark index closing in the red. The Dow Jones Industrial Average fell 0.5 percent at the Nasdaq…
TSMC Surpasses Tencent as Highest Value Company in Asia, as Top Chinese Firms Drop From Global 500 Ranking
December 19, 2022
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Top Chinese companies have tumbled in market cap, with 12 firms dropping out of the 2022 Hurun Global 500, a list of the 500 most-valued, non-state-owned firms in the world. According to the 2022 report released by the Shanghai-based Hurun Research Institute on Dec. 9, the United States leads the world with a total of 260…
Wall Street Opens Flat, Tesla Rises on Musk Poll Outcome
Wall Street’s main stock indexes were subdued at the open on Monday after two straight weeks of losses on recession worries, while Tesla shares rose after a poll showed Elon Musk should quit as Twitter’s CEO. The Dow Jones Industrial Average rose 0.99 points, or 0.00 percent, at the open to 32,921.45. The S&P 500…
Dollar Slips as Markets Bounce
LONDON—The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies higher. The dollar index—which tracks the greenback against a basket of six major currencies—fell 0.4 percent to 104.410, reversing some of its gains from the previous week after the U.S. Federal Reserve and European Central Bank hiked rates….
Oil Bounces as China Demand Hopes Offset Recession Fears
December 19, 2022
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LONDON—Oil rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, the world’s top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but plans to step…
Stocks Wobble as Rate Risks Cloud 2023 Outlook
December 19, 2022
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MILAN—World stocks inched higher on Monday but stayed near 6-week lows as investors started the year’s last full trading week still mindful of interest rate hike risks to the economy in 2023. The U.S. Federal Reserve and European Central Bank hiked rates and promised more last week, and speculation is even building that the Bank…
Why Is Earnings per Share Important?
Knowing the earnings per share (EPS) of a company can go a long way when deciding whether to invest in a particular company. EPS is a metric that quickly identifies stocks with the strongest potential profit growth. It is important to determine a company’s EPS. But what is EPS, and how does it work? EPS…
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