Category: Market Watch

Futures Hold Steady Ahead of September Jobs Data

October 8, 2021
Business & EconomyCompaniesEconomieseconomyfuturesInvestmentjobsLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsseptembersteadyUSUS News
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U.S. stock index futures were largely flat on Friday ahead of September jobs data that is likely to set off the Federal Reserve’s withdrawal of its policy support later this year. Wall Street rallied on Thursday, led by mega-cap technology stocks as the U.S. Senate approved legislation to temporarily raise the federal government’s $28.4 trillion…

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Shares Climb Again as Energy Price Dip Eases Stagflation Fears

October 7, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniescongressDemocratsEconomieseconomyenergyEuropeExecutive BranchInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsPoliticspriceRegional-Local NewsRepublicansSharesstagflationTexasUSUS NewsWorld
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LONDON—World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2–1/2-month lows as easing oil and gas prices offered relief after a shock 4 percent drop in…

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Households Brace for Higher Winter Heating Costs as Natural Gas Prices Vault

October 6, 2021
Business & EconomycostEconomieseconomygas pricesInternationalMarket WatchMarketsUSUS NewsWinterWorld
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The relentless rise in natural gas prices continued on Wednesday, highlighting the looming threat to American households bracing for higher heating costs in the event of a harsh winter. U.S. natural gas futures were up 1.11 percent at $6.382 per million British thermal units (mmBtu) in early trading on Oct. 6 after jumping around 9 percent…

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Chinese Developer Misses Payment Amid Deepening Housing Market Woes

October 5, 2021
ArchivedAsia & PacificBusiness & EconomyChinaChina Business & EconomyevergrandehousingMarket WatchMarketsNewspropertyreal estateWorld
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A midsize Chinese property developer’s failure to make over $300 million in payments to lenders is deepening fears of turmoil in the real estate sector in the world’s second-largest economy, where the country’s top-selling developer is teetering the edge of collapse. Fantasia Holdings Group, a Shenzhen-based developer, missed paying $206 million worth of bonds that…

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Oil Extends Gains After OPEC+ Rejects Bigger Production Boost

October 5, 2021
Business & EconomyEconomieseconomyInternationalMarket WatchMarketsOilOPECUSUS NewsWorld
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Oil prices climbed on Tuesday, extending gains triggered during the previous session after the OPEC+ oil producing consortium decided not to ramp up crude production above a trickle despite international calls for a sharper boost. Brent crude was up by 23 cents or 0.3 percent at $81.60 a barrel by 5:29 a.m. New York time,…

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World Stocks Steady Near Lows as Inflation Jitters Ease

October 5, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeinflationInternationalMarket WatchMarketsMedia & Big TechMiddle EaststeadystocksUSWorld
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MILAN—World shares steadied near lows on Tuesday as worries that rising oil prices will feed inflationary pressures appeared to ease, while the dollar regained strength ahead of U.S. payrolls data on Friday seen as key to the Federal Reserve’s next move. MSCI’s gauge of global stocks was down 0.1 percent by 0823 GMT but off…

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Asian Shares Slip as Evergrande, Inflation Worries Sap Positive Mood

October 3, 2021
Business & EconomyChinaChina Business & EconomyCOVID-19EconomiesmanufacturingMarket WatchMarketsStagnate
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TOKYO—Asian shares dipped on Monday as concerns about China’s property sector and inflation worries offset upbeat U.S. data and positive news on new drugs to fight the coronavirus. Trading in shares of debt-laden China Evergrande was suspended after it missed a key interest payment on its offshore debt obligation for the second time last week….

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New Money: Central Banks Lay out Operating Manual for Digital Cash

October 1, 2021
Business & EconomyBusiness Columnistscentral banksDigital CashEconomiesMarket WatchMarketsNew Money
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LONDON—A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Worried that the explosion of bitcoin and its ilk could weaken their control of money, policymakers from…

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Evergrande Misses Second Offshore Bond Payment; Some Onshore Investors Get Partial Payment

September 30, 2021
bondholdersBusiness & EconomyChinaChina Business & EconomyChina Evergrande GroupChinese RegimeMarket WatchMarkets
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SHANGHAI/BEIJING/HONG KONG—China Evergrande Group missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt obligation in a week, although the cash-strapped company on Thursday made a partial payment to some of its onshore investors. The company, reeling under a debt pile of $305 billion, was due on Wednesday to make…

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Wall Street Rises, but Tracks Steep Monthly Losses

September 30, 2021
Business & EconomyCompaniesEconomieseconomyLocal NewsMarket WatchMarketsNASDAQNew YorkNY NewsRegional-Local NewsRisesUSUS NewsWall Street
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Wall Street’s main indexes rose on Thursday at the end of a bruising month as investors kept a close watch on funding negotiations in Washington to prevent a government shutdown. The benchmark S&P 500 was still on course to snap its seven-month winning streak, due to worries about inflation, fallout from China Evergrande’s potential default…

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