LONDON—Stocks, the dollar, and crude oil firmed on Monday as investors positioned themselves for more direction on interest rates and the economy from a string of central bank meetings spilling into next week. The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters…
Dollar Steadies Ahead of Data, Yuan Rises in Low Volume
The dollar was little changed on Friday, even as risk appetite picked up ahead of U.S. jobs data. European shares were mostly higher as investors waited for data which could provide hints on the pace of the Federal Reserve’s policy tightening in the second half of 2022. The ADP National Employment Report showed U.S. payrolls…
Oil Slips After OPEC+ Hike, Tight Supply Limits Loss
LONDON—Oil slipped on Friday after OPEC+ decided to increase production targets by slightly more than planned, although tight global supply and rising demand as China eases COVID-19 restrictions limited the decline. The Organization of the Petroleum Exporting Countries and allies, or OPEC+, on Thursday, increased their output boost to 648,000 barrels per day (bpd) in…
Global Shares Up, China Trading Closed for National Holiday
TOKYO—Global shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. European shares edged up in early trading, with France’s CAC 40 gaining 0.3 percent to 6,517.73. Germany’s DAX added 0.3 percent to 14,528.45, while trading was closed in Britain for a national holiday. Trading also…
Euro and Yen Rebound Versus Dollar, Swiss Franc Gains on Inflation Jump
LONDON—The euro and the yen rose on Thursday, reversing some of their recent losses against the U.S. dollar, while the Swiss franc hit a one-month high against the euro after Swiss inflation soared to its highest in 14-years. The dollar had risen to a three-week high versus the Japanese yen and rallied versus the euro…
Global Shares Mixed Amid Rate Hike, COVID-19, Oil Price Worries
TOKYO—World shares were mixed Thursday, with European benchmarks opening higher after a broad decline in Asia. Oil prices fell by more than $2 a barrel ahead of a meeting of OPEC set for later in the day. Oil-producing nations are expected to decide on output targets in their first meeting since Europe set sanctions on…
Dollar Edges up Against Euro, Hits Two-Week High Versus Yen
LONDON—The euro edged further away from a one-month high on Wednesday and the U.S. dollar nudged up, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including the euro, rose 0.2 percent to 101.96, extending Tuesday’s gains, when data showed eurozone consumer…
Oil Firms on EU’s Russian Oil Ban and End of Shanghai Lockdown
June 1, 2022
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LONDON—Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude was up $1.71, or 1.5 percent, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5 percent, to…
Stocks Slip, Bond Yields Rise on Inflation Worries
LONDON—Global stocks fell and bond yields rose on Wednesday, while the dollar strengthened, as investors fretted over soaring inflation and the impact on global growth from looming interest rate rises. Europe’s STOXX 600 index turned negative in morning trading, giving up early gains of 0.3 percent. British stocks fell 0.2 percent. To blame were drops…
US Wheat Crop Hit by Dry Winter Then Soggy Spring, Adding to Global Tightness
May 31, 2022
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North Dakota farmer Dwight Grotberg wanted to plant more wheat this spring to capitalize on soaring prices since Ukraine’s war cut grain exports and left the world short of millions of tons of wheat supply. Heavy rain has prevented Grotberg from planting as much wheat crop as he wanted and is hampering farmers across the…
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