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…
Stocks, Bonds Fall as BOJ’s Surprise Policy Shift Spooks Investors
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 19)
Benchmark U.S. crude oil for January delivery rose 90 cents to $75.19 a barrel Monday. Brent crude for February delivery rose 76 cents to $79.80 a barrel. Wholesale gasoline for January delivery rose 5 cents to $2.18 a gallon. January heating oil fell 7 cents to $3.05 a gallon. January natural gas fell 75 cents…
Why Do Banks Buy Gold?
If you’re wondering, “Do banks buy gold?” the answer is a resounding yes. With inflation rising dramatically, financial institutions currently purchase gold in large quantities. Therefore, it is essential to understand the benefits of investing in gold to fully grasp how banks use gold investments to protect themselves against fluctuations in the market. Central banks…
Oil Bounces as China Demand Hopes Offset Recession Fears
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
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…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 16)
Benchmark U.S. crude oil for January delivery fell $1.82 to $74.29 a barrel Friday. Brent crude for February delivery fell $2.17 to $79.04 a barrel. Wholesale gasoline for January delivery fell 4 cents to $2.13 a gallon. January heating oil fell 16 cents to $3.12 a gallon. January natural gas fell 37 cents to $6.60…
Oil Falls, Still Set for Weekly Gain on Demand Hopes
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
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)
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…
Oil Steadies After Early Decline as More Rate Hikes Loom
LONDON—Oil prices steadied on Thursday after early declines as the dollar firmed while the possibility of further increases to interest rates by central banks also heightened demand concerns. Brent crude futures rose 14 cents, or 0.2 percent, to $82.84 a barrel by 1055 GMT and U.S. crude futures added 1 cent to $77.29. Gains in…
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