LONDON—Global stocks recovered some of their recent losses on Tuesday and government bond yields retreated as investors bought back into riskier assets ahead of the appearance of U.S. Federal Reserve Chair Jerome Powell before the Senate Banking Committee. Investors hope Powell will provide more clues to the timing of expected policy tightening when he appears…
Oil Approaches $82, With Demand Recovery Seen on Track
LONDON—Oil rose to nearly $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. A lack of capacity in some countries has meant that supply additions by the Organization of the Petroleum Exporting Countries (OPEC) are…
Oil Prices Edge up on Kazakhstan, Libyan Supply Worries
LONDON—Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 19 cents, or 0.2 percent, to $81.94 a barrel at 1006 GMT, and U.S. West Texas Intermediate (WTI) crude was up 20 cents, or 0.3 percent, at $79.10…
Global Stocks Mixed After Wall Street Falls on Rate Hike Worries
BEIJING—Global shares were mixed Monday after Wall Street fell on worries the Federal Reserve will raise interest rates as soon as March. Frankfurt and Shanghai advanced. Wall Street futures were higher. Seoul declined while London was little-changed. Japanese markets were closed for a holiday. Investors were rattled last week after notes from the latest Fed…
Oil Price Rises as Kazakh Turmoil Adds to Supply Worries
LONDON—Oil prices rose and were heading for their biggest weekly gains since mid-December on Friday as unrest in Kazakhstan and outages in Libya fuelled concerns over supply. Brent crude climbed 76 cents, or 0.9 percent, to $82.75 a barrel at 0939 GMT. U.S. West Texas Intermediate (WTI) crude rose 77 cents, or 1 percent, to…
World Shares Turn Lower After Tech-Led Decline on Wall Street
BANGKOK—World markets were lower Friday, tracking a retreat on Wall Street led by declines in big technology stocks. Shares fell in Paris, Frankfurt, Tokyo, and Shanghai but rose in Hong Kong. U.S. futures also slipped. A resurgence of coronavirus outbreaks has added to uncertainties over a revival of tourism and other business activity in many…
Oil Extends Rally on Kazakhstan Unrest, Libyan Outages
LONDON—Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya. The global benchmark Brent crude futures rose $1.09, or 1.4 percent, to $81.89 a barrel, by 1054 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.17, or 1.5…
Fed Signals Trigger World Stocks, Bonds Sell-Off
LONDON—Stock markets were deep in the red and some key government bond yields climbed to their highest in years on Thursday after the Federal Reserve signaled the possibility of faster-than-expected U.S. rate hikes and stimulus withdrawal. Both Asia and Europe’s bourses fell heavily after Wall Street’s tech-heavy Nasdaq plunged more than 3 percent on Wednesday…
Oil Slips Below $80 After OPEC+ Output Hike Decision
LONDON—Oil prices slipped below $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in COVID-19 cases caused by the Omicron variant. Brent crude futures were down 18 cents, or 0.23 percent, to $79.82 a barrel by 0945 GMT, while…
World Shares Mixed After Tech-Led Sell-Off on Wall Street
TOKYO—World shares were mixed on Wednesday after heavy selling of technology shares cast a chill over the cheerful start to 2022 on Wall Street. France’s CAC 40 was up less than 0.1 percent at 7,324.16 in early trading, while Germany’s DAX added 0.2 percent to 16,185.77. Britain’s FTSE 100 rose 0.2 percent to 7,516.63. The…
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