MILAN—World stocks rose on Tuesday and U.S. 10-year Treasury yields held above 3 percent as investors prepared for the Federal Reserve’s biggest rate hike since 2000. In a busy week for central bank meetings, Australia’s central bank raised its key rate by a bigger-than-expected 25 basis points on Tuesday, lifting the Aussie dollar as much…
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
LONDON—The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled last month…
Oil Slips on China Growth Worries, EU Weighs Russian Crude Ban
LONDON—Oil prices fell on Monday as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a potential European Union ban on Russian crude. Brent crude futures fell 71 cents, or 0.6 percent, to $106.43 a barrel at 0801 GMT, while U.S. West Texas Intermediate (WTI)…
Stocks Slide, Dollar Holds Ground as US Rate Hike Looms
MILAN—Shares fell and the dollar held near highs in holiday-thinned trading on Monday, as concerns about economic growth lingered ahead of an expected U.S. rate hike this week and after data showed COVID-19 lockdowns slowed China’s factory activity. MSCI’s benchmark for global stocks was down by 0.3 percent by 0811 GMT, as European and Asian…
AstraZeneca Says Its COVID-19 Shot Still Has Role Despite Global Glut
AstraZeneca’s COVID-19 vaccine still has a role to play in the fight against the pandemic, even as sales slow and the company charges more in some places, CEO Pascal Soriot said on Friday, the latest drugmaker to warn about a global supply glut. The comments come after the company reported better-than-expected first-quarter profit and sales…
Dollar Slips, Still Set for Best Month Since 2015
LONDON—The dollar edged down from its recent 20-year high on Friday but was still on track for its best month since 2015, having been boosted by a combination of expectations for U.S. rate hikes and growth concerns in China and Europe. In the final trading day of a seismic month for currency markets, major currency…
Oil Extends Gains as Supply Fears Outweigh China Lockdowns
LONDON—Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer. Brent crude futures rose by $1.90, or 1.8 percent, to $109.49 a barrel by 1127 GMT after gaining 2.1 percent in the previous session. The front-month June contract expires later…
Global Inflation to Stay Stubbornly High as Wrecked Supply Chains Persist: Reuters Poll
April 29, 2022
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BENGALURU—The global streak of high inflation is far from over and aggressive monetary policy tightening will fall short in taming price pressures to mandated levels as broken supply chains are unlikely to mend anytime soon, Reuters polls showed. Inflation in most countries has soared to multi-year highs, driven by a rebound in economic activity and…
Dollar Borrowing Costs Rise as Euro, Yen Fall
Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its…
Oil Prices Fluctuate in the Face of Supply and Demand Concerns
LONDON—Oil prices dipped but were trading in and out of positive territory on Thursday as investors weighed up tightening Russian supplies and the prospect of dwindling fuel demand in China. Brent crude futures were down 63 cents, or 0.6 percent, at $104.69 a barrel by 1129 GMT. U.S. West Texas Intermediate crude lost 49 cents,…
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