BANGKOK—Shares were mostly lower in Europe and Asia on Friday ahead of the release of key U.S. consumer inflation data, while U.S. futures were little changed. The latest report on the U.S. consumer price index was due later in the day. Economists expect it to show inflation slowed a touch to 8.2 percent in May…
Euro Holds Near 7–1/2-Year High Versus Yen Before ECB Decision Time
LONDON—The euro held near its highest point in 7–1/2 years versus Japan’s yen on Thursday before a potentially pivotal European Central Bank rate decision, with policymakers expected to announce an end to the bank’s multi-year monetary stimulus. The ECB is all but certain to flag an end to its long-running asset purchase program at the…
Oil Sticks Near Three-Month Highs Despite China Lockdowns
SINGAPORE—Oil prices hovered near three-month highs on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures. Brent crude futures for August dipped 9 cents to $123.49 a barrel at 0853 GMT, while U.S. West Texas Intermediate crude for July was at $121.89 a barrel, down 22 cents. Both benchmarks closed on Wednesday at their…
Global Shares Fall Amid Worries About Inflation, Oil Prices
TOKYO—Global shares were mostly lower Thursday as investors watched for fresh signs of inflation, including soaring crude oil prices. European shares declined in early trading. France’s CAC 40 slipped 0.7 percent in early trading to 6,404.59, while Germany’s DAX dropped 0.9 percent to 14,309.79. Britain’s FTSE 100 fell 0.7 percent to 7,543.28. The future for…
Yen Tumbles Against Euro as Central Bank Policy Diverges
LONDON—The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first-quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is set to end its bond purchases this…
Oil Prices Advance Despite US Inventory Rise
LONDON—Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers. Brent crude futures were up $1.01, or 0.8 percent, at $121.58 a barrel at 0927 GMT. U.S. West Texas Intermediate crude was at $120.62 a barrel,…
World Shares Mixed After Wobbly Rally on Wall Street
BANGKOK—European markets opened mostly lower Wednesday after a day of gains in Asia as investors awaited greater clarity on where interest rates, inflation, and economies are heading. Germany’s DAX slipped 0.3 percent to 14,517.96 while the CAC 40 in Paris shed 0.2 percent to 6,489.76. Britain’s FTSE 100 was little changed at 7,602.22. The futures…
Oil Prices Stable as Market Juggles Risk Sentiment With Tight Supplies
LONDON—Oil prices were stable on Tuesday as the market balanced risk sentiment with supply concerns and the prospect of higher demand as China relaxes its COVID-19 curbs. Brent crude futures were down 38 cents, or 0.3 percent, at $119.13 barrel at 0926 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 25 cents, or…
Stocks Shaky as Hawkish RBA Heightens Policy Worries
MILAN/SINGAPORE—World shares fell on Tuesday and bond yields remained supported as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S. inflation data and a European Central Bank meeting this week. The Reserve Bank of Australia (RBA) raised rates by the most in 22 years and flagged more tightening to…
Euro Edges Higher as Risk Appetite Picks Up, Focus on ECB Meeting
The euro edged higher on Monday as risk appetite picked up while investors awaited a European Central Bank (ECB) policy meeting later this week. Asian shares joined U.S. stock futures in making cautious gains ahead of U.S. inflation data this week. Markets, which have already priced in several ECB rate increases and the end of…
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