Stock markets in Asia tumbled on Dec. 16 as investors anticipated that higher interest rates would persist following the latest rate hikes by the U.S. Federal Reserve and other central banks. The Fed raised its interest rate by 50 basis points on Dec. 14, prompting central banks in Europe, Britain, Switzerland, Denmark, Norway, Mexico, and…
Asian Stocks Tumble as Fed’s Latest Rate Hike Triggers Market Fear
December 16, 2022
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Asia & PacificAsian stocks.Business & MarketseconomyEuropean Central Bank (ECB)Marketsrate hikestocksUSUS Federal ReserveUS NewsWorld
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Wall Street Extends Losses as Recession Fears Weigh
Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve’s relentless battle against inflation, hammered sentiment. The Dow Jones Industrial Average fell 35.76 points, or 0.11 percent, at the open to 33,166.46. The S&P 500 opened lower by 4.84 points, or 0.12 percent, at 3,890.91,…
Dollar Holds on to Gains After Rallying on Rate Hikes
LONDON/TOKYO—The dollar was little changed on Friday after jumping in the previous session, as traders analyzed a raft of central bank rate hikes and grappled with the prospect that borrowing costs still have a way to climb. The euro was flat against the dollar in early European trading at $1.063. That followed a 0.5 percent…
Oil Falls, Still Set for Weekly Gain on Demand Hopes
December 16, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil fell on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was poised for a weekly gain amid supply disruption concerns and hopes for a recovery of demand in China. Brent crude futures were down $1.56, or 1.9 percent, to $79.65 per barrel at 1200 GMT. West Texas…
Stock, Bonds Stung by Hawkish Central Banks
December 16, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signaled that the fight to tame inflation was not over yet. Interest rates went up in the euro area, Britain, Switzerland, Denmark, Norway, Mexico,…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 15)
December 15, 2022
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Benchmark U.S. crude oil for January delivery fell $1.17 to $76.11 a barrel Thursday. Brent crude for February delivery fell $1.49 to $81.21 a barrel. Wholesale gasoline for January delivery fell 7 cents to $2.17 a gallon. January heating oil was unchanged at $3.28 a gallon. January natural gas rose 54 cents to $6.97 per…
US Stocks Sink as Fed Signals It Will Remain Aggressive
Stocks tumbled on Wall Street and across European markets Thursday as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control. The S&P 500 fell 2.5 percent, with more than 90 percent of stocks in the benchmark index closing in the red….
Tesla Closes up Despite Musk Selling $3.58 Billion of Its Shares
AUSTIN, Texas—Shares of Tesla rose slightly Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock closed at $157.67, up less than 1 percent but still close to its two-year lows. Tesla did fare better than the broader U.S. stock market, where concerns…
Recession Fears, Federal Reserve Dash ‘Santa Claus Rally’ Hopes as Market Plunges
The U.S. stock market suffered one of its worst days of 2022 as the leading benchmark indexes fell sharply on Thursday, dashing hopes of a year-end Santa Claus rally. Investors engaged in a broad-based selloff toward the end of the trading week. The Dow Jones Industrial Average (DJIA) plummeted as much as 919 points. The…
Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes
The U.S. stock market suffered one of its worst days of 2022 as the leading benchmark indexes fell sharply on Thursday, dashing hopes of a year-end Santa Claus rally. Investors engaged in a broad-based selloff toward the end of the trading week. The Dow Jones Industrial Average (DJIA) plummeted as much as 919 points. The…
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