LONDON/SINGAPORE—The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market. A survey showed on Monday that investor morale in the eurozone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling…
Oil Stable Below $100/bbl as Market Balances Chinese Data
LONDON—Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID-19 containment approach. Brent crude futures rose by 6 cents, or 0.06 percent to $98.63 a barrel at 1026 GMT. U.S. West Texas Intermediate…
Global Benchmarks Advance as Markets Watch China, Inflation
TOKYO—Global stocks mostly advanced Monday as investors weighed uncertainties such as the U.S. midterm elections. Oil prices fell and U.S. futures edged lower. France’s CAC 40 lost 0.4 percent to 6,391.90 in early trading, while Germany’s DAX edged up nearly 0.1 percent to 13,470.68. Britain’s FTSE 100 rose nearly 0.1 percent to 7,340.85. The future…
Dollar Softens, Euro and Pound Regained Some Ground
SINGAPORE/LONDON—The euro and pound regained some ground on Friday but were still set for their biggest weekly losses since September. The euro was last up 0.52 percent at $0.9801, while sterling was up 0.4 percent at $1.1228, also having pared gains from the Asian session. Nonetheless, the European common currency was still set for a…
Stocks and Oil Rally Ahead of Key US Jobs Data
LONDON/SINGAPORE—Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data. The MSCI index of global shares rose 0.3 percent on the day, breaking two straight days of losses, but still headed for a near-3 percent weekly loss, after more big rate hikes from the Federal Reserve and…
Dollar Rallies After Hawkish Fed; Pound Slides as BoE Warns of ‘Very Challenging’ Outlook
LONDON—The dollar strengthened on Thursday, after the Federal Reserve signalled U.S. interest rates will likely peak at a higher rate than markets had expected, while the pound fell after the Bank of England raised rates but warned of a “very challenging outlook.” The BoE lifted UK interest rates to 3 percent from 2.25 percent in…
Oil Falls as Fed Rate Hike Raises Fuel Demand Concerns
LONDON—Oil slipped on Thursday as an increase to U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand, though losses were capped by concern over tight supply. Brent crude dropped by $1.19, or 1.2 percent, to $94.97 a barrel by 1135 GMT while U.S. West Texas…
US Futures Retreat as Fed Digs in for Inflation Fight
Wall Street is heading lower ahead of Thursday’s opening bell after the Federal Reserve added another jumbo rate increase and suggested that the pace of rate hikes may slow, but the fight against inflation is far from over. Futures for Wall Street’s benchmark S&P 500 index fell 0.8 percent and futures for the Dow Jones…
Oil Prices Slip Ahead of Fed, US Crude Stockpiles Seen Falling
LONDON—Oil prices slipped on Wednesday ahead of an expected rate hike by the Federal Reserve, but found a floor as market participants eyed falling U.S. crude stockpiles and upcoming European sanctions on Russian barrels. Brent crude dipped 56 cents, or 0.6 percent, to $94.09 a barrel by 1027 GMT, while U.S. West Texas Intermediate (WTI)…
Dollar Falls as Fed Decision Looms, Yen and Real Gain
LONDON/TOKYO—The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a…
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