BEIJING—Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus’s latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices rose more than $1 a barrel for a second day. Wall Street futures were higher after the…
Global Stocks Follow Wall Street Higher as Virus Fears Ease
December 7, 2021
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Gas Prices Fell Nationwide in Past Week
Gas prices across the country have fallen since last week amid fears of an Omicron variant-led economic slowdown. The national average price of regular gas per gallon dipped 4 cents this week to $3.35. Indiana saw the largest price drop, at 21 cents, to an average of $3.192 per gallon. Prices are expected to further decline…
Gas Prices Fall Nationwide In Past Week
Gas prices across the country have fallen since last week amid fears of an Omicron variant-led economic slowdown. The national average price of regular gas per gallon dipped 4 cents this week to $3.35. Indiana saw the largest price drop at -$0.21 cents to an average of $3.192 per gallon. Prices are expected to further decline…
Dow Climbs Over 1 Percent on Cyclical Boost; Nvidia Weighs on Nasdaq
December 6, 2021
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The Dow rallied over 1 percent on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers. Blue-chip stocks such as Honeywell International, Chevron Corp., Goldman Sachs, 3M Co., and Boeing Co. gained between 1.4 percent and 3.8…
Wall Street Opens Higher on Banks, Energy Boost
December 6, 2021
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Wall Street’s main indexes opened higher on Monday after declining sharply last week on Omicron and taper fears, with investors favoring banks, energy, and economy-linked stocks against technology and growth-heavy shares. The Dow Jones Industrial Average rose 53.35 points, or 0.15 percent, at the open to 34,633.43. The S&P 500 opened higher by 9.94 points,…
Oil Rebounds Above $71 on Omicron Hopes, Iran Talks
December 6, 2021
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LONDON—Oil rose by more than $1 a barrel to above $71 on Monday as hopes that the Omicron coronavirus variant may cause mostly mild symptoms boosted riskier assets and as the prospect of an imminent rise in Iranian oil exports looked less likely. Helping ease Omicron concerns, reports in South Africa said cases there only…
World Shares Mixed Amid Troubles for Chinese Property Sector
December 6, 2021
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BANGKOK—European shares and U.S. futures rose Monday after a lackluster day in Asia, where shares fell in Hong Kong and Shanghai after troubled Chinese property developer Evergrande warned it may run out of money. Moving to reassure investors and keep growth from stalling, China’s central bank cut the amount of funds banks are required to…
US Dollar Net Longs Jump to Highest Since Mid-June 2019: CFTC
December 4, 2021
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NEW YORK—Speculators’ net long positioning on the U.S. dollar in the latest week soared to its highest level since mid-June 2019, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $23.99 billion for the week ended Nov. 30, up from…
Stocks, Yields Slide After US Jobs Report as Omicron Looms
December 4, 2021
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NEW YORK—Global equities and benchmark U.S. bond yields tumbled on Friday in volatile trade after data showed U.S. job growth slowed considerably in November and the Omicron variant of the coronavirus kept investors on edge. Nonfarm payrolls increased by 210,000 jobs, the fewest since last December, but the unemployment rate plunged to a 21-month low…
Stocks Stumble, Yields Choppy After US Jobs Report as Omicron Looms
December 3, 2021
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NEW YORK/LONDON—Global stock markets faltered on Friday, while benchmark bond yields gave up earlier gains after data showed U.S. job growth slowed considerably in November and markets stayed volatile as investors assess implications from the new Omicron coronavirus variant. After opening higher, Wall Street’s main indexes quickly turned negative in morning trading. European markets also…
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