LONDON—The dollar edged up on Thursday, supported by a push higher in U.S. Treasury yields, as investors weighed the outlook for Federal Reserve policy against the chances that high interest rates could lead to a recession. Next week brings a raft of major central bank decisions, including those from the Federal Reserve, the European Central…
Oil Rebounds From 2022 Lows on China Demand Hopes, Tanker Delays
December 8, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping changes to its resolute anti-COVID regime since…
World Shares Mixed Ahead of US Jobless, Inflation Data
December 8, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares were mixed in Europe and Asia ahead of the release Thursday and Friday of U.S. jobless and inflation data. U.S. futures turned higher and oil prices rebounded. Investors are watching for data that may yield more insights into inflation’s path ahead and how the Fed will continue fighting high prices. The U.S. will release…
Slump in Tech Stocks Helps Send Wall Street to Another Loss
Wall Street ended a wobbly day of trading with more losses Wednesday, as a slide in technology companies helped pull stocks lower and Treasury yields fell broadly. The S&P 500 slipped 0.2 percent, its fifth straight loss. The Nasdaq composite, which is heavily weighted with tech stocks, fell 0.5 percent, while the Dow Jones Industrial…
Where Does Wall Street See US and Global Stocks in 2023?
It was a year that investors will not look back on with great nostalgia, as all three leading benchmark indexes touched bear market territory before paring some of their losses. Year to date, the Dow Jones Industrial Average tumbled about 8 percent, the Nasdaq Composite Index cratered roughly 30 percent, and the S&P 500 Index…
Wall Street Opens Lower as Recession Worries Mount
Wall Street’s main indexes opened lower on Wednesday as warnings of a looming recession from major Wall Street bankers offset optimism around China relaxing its strict zero-COVID rules. The Dow Jones Industrial Average fell 39.9 points, or 0.12 percent, at the open to 33556.4. The S&P 500 fell 8.0 points, or 0.20 percent, at the…
Dollar Flat as Growth Outlook Darkens, Yuan Firms as China Eases Curbs
SINGAPORE/LONDON—The dollar was little changed on Wednesday after some of the biggest U.S. banks warned of an impending recession, while China’s yuan firmed as authorities loosened some of the country’s zero-COVID rules. Top bankers from JPMorgan Chase & Co., Bank of America, and Goldman Sachs said overnight that the banks are bracing for a worsening…
Oil Falls Close to 2022 Lows on Economic Worries, Easing Supply Fears
December 7, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes…
Stocks Sputter as Growth Fears Offset China COVID-19 Shift
December 7, 2022
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Business & Marketscryptocurrencyeconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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MILAN/SINGAPORE—World stocks eased on Wednesday and bonds remained supported after a chorus of Wall Street bankers warned about a likely recession ahead, tempering optimism about China’s major shift in its tough zero-COVID policy. Top executives at Goldman Sachs, J.P. Morgan, and Bank of America all sounded downbeat in remarks on Tuesday about the economic outlook,…
Stocks Fall Again on Wall Street, Extending Recent Losses
Stocks closed broadly lower on Wall Street Tuesday, extending the market’s recent string of losses, as traders ponder the Federal Reserve’s next moves in its campaign to cool stubbornly hot inflation. The S&P 500 fell 1.4 percent, its fourth straight drop. The Dow Jones Industrial Average fell 1 percent and the Nasdaq composite lost 2…
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