By Nellie S. Huang From Kiplinger’s Personal Finance When the stock market gets wobbly, we suggest making a shopping list of stocks you can pick up at lower prices. But it’s hard to pull the trigger on shares in a single company if you think prices will fall further. Here’s another idea: Invest some money…
Will a Dollar Decline Be Good for Stocks?—Part 1
Commentary Will a dollar decline be good for stocks? It is an interesting question, given that during 2022 there was a significant non-correlation between the dollar and the stock market. The strong dollar rally was something I suggested could be a problem for stocks, given what happened in 2020. It was a running debate with…
Wall Street Inches Lower at Open After Selloff on Fed Worries
U.S. stock indexes inched lower at open on Tuesday after a selloff in the prior session on fears the Federal Reserve could persist with interest rate hikes for longer, while focus shifted to Georgia runoff election that could decide the fate of the Senate. The Dow Jones Industrial Average fell 10.23 points, or 0.03 percent,…
Dollar Kept Aloft by Higher Fed Rates Bets, RBA Rate Hike Lifts Aussie
LONDON—The U.S. dollar index edged lower on Tuesday but stuck close to levels reached this week in the wake of strong services data in the United States which fuelled expectations for higher interest rates than recently forecast. The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates…
Oil Prices Fall on Higher US Dollar, Economic Fears
LONDON—Oil prices fell in a volatile market on Tuesday, as a stronger U.S. dollar and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and prospects of a demand boost in China. Brent crude futures fell 90 cents, or $1.09 percent, to $81.78 a barrel by 1055 GMT. West Texas…
Stocks Slip, Dollar up as Data Challenges Fed Pause Hopes
SINGAPORE/LONDON—Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. MSCI’s world index fell 0.3 percent, led by tech stocks which are often more sensitive to broader shifts…
Wall Street Opens Lower Ahead of Service Data
Wall Street’s main indexes opened lower on Monday as investors maintained a cautious stance ahead of data, including a report on the U.S. services sector, to gauge the Federal Reserve’s next move at its rate-setting meeting later this month. The Dow Jones Industrial Average fell 94.1 points, or 0.27 percent, at the open to 34335.73….
Dollar Slips as Easing COVID-19 Curbs in China Lift Sentiment
SINGAPORE—The dollar slid across the board on Monday as traders piled into riskier assets after more Chinese cities eased some of their COVID-19-related restrictions, stoking hopes of an eventual reopening of the world’s second-biggest economy. Financial hub Shanghai and Urumqi in the far west were among the cities that announced an easing of coronavirus curbs…
Oil Prices Rise After OPEC+ Keeps Output Steady, Russian Price Cap Imposed
LONDON—Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over the…
World Shares Mixed, Oil Higher After Russia Price Cap Pact
World shares were mixed and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and committed to a price cap of $60 per barrel on Russian exports. Germany’s DAX slipped 0.3 percent to 14,490.99 and the CAC 40 in Paris lost 0.2…
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