LONDON/SYDNEY—Shares gained ground on Monday, recovering their footing after a strong U.S. jobs report last week bolstered the case for more super-sized interest rate hikes, while the dollar weakened and government bond yields fell. Markets quickly moved to price a chance of about 70 percent that the U.S. Federal Reserve would raise rates by 75…
World Shares Bounce After US Jobs Report Sell-Off
3 More Ships With Grain Depart Ukraine Ports Under UN Deal
Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to export grain held up since Russia invaded Ukraine was slowly progressing. Two of the three ships anchored north of Istanbul on Saturday are awaiting inspection,…
Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 5)
Benchmark U.S. crude oil for September delivery rose 47 cents to $89.01 a barrel Friday. Brent crude for October delivery rose 80 cents to $94.92 a barrel. Wholesale gasoline for September delivery rose 7 cents to $2.86 a gallon. September heating oil fell 12 cents to $3.22 a gallon. September natural gas fell 6 cents…
AngloGold Ashanti CEO Sees Inflation Pressure Easing Next Year
AngloGold Ashanti’s CEO expects inflationary pressures to ease next year, he said on Friday after the miner joined rivals in reporting a hit to half-year profit and forecast that costs would be at the top end of guidance this year. Lower commodities prices in 2023 are likely to bring the company’s costs inflation down to…
Food Prices Fell Again in July, UN Agency Says
LONDON—The United Nations food agency’s world price index declined again in July, edging further away from record highs hit in March. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded food commodities, averaged 140.9 points last month versus a revised 154.3 for June. The June figure was previously put…
Oil Prices Rise From Multi-Month Lows on Supply Concerns
LONDON—Oil prices rose slightly on Friday, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand. Brent crude rose 39 cents, or 0.4 percent, to $94.51 a barrel by 0900 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.3 percent, at $88.81….
European Stocks Slip, Oil Recovers, Traders Await US Jobs Data
LONDON—European equities slipped slightly on Friday but were still set for a weekly gain, while traders waited for U.S. jobs data due later in the session to give clues as to the health of the world’s largest economy. The MSCI world equity index, which tracks shares in 47 countries, was up 0.2 percent and on…
Closing Prices for Crude Oil, Gold and Other Commodities (Aug.4)
Benchmark U.S. crude oil for September delivery fell $2.12 to $88.54 a barrel Thursday. Brent crude for October delivery fell $2.66 to $94.12 a barrel. Wholesale gasoline for September delivery fell 12 cents to $2.79 a gallon. September heating oil fell 7 cents to $3.34 a gallon. September natural gas fell 15 cents to $8.12…
Oil Prices Stabilize After Drop to Near 6-month Low
LONDON—Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows in the previous session. Brent crude futures inched up 36 cents, or 0.37 percent to $97.14 a barrel by 0925 GMT, while West Texas Intermediate…
Stocks Steady as Markets Bet on Hefty Bank of England Hike
LONDON—Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi’s visit to Taiwan eased and markets bet the Bank of England will hike interest rates by the largest amount since 1995 to quell inflation. The STOXX index of leading European companies gained 0.33 percent after German airline Lufthansa returned…
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